hosted into a “public cloud”, physically who knows where in the world, and take in clients from Brazil and totally scheme them out of money. Tere have to be rules around hosting location, cyber security requirements to assure players are not at a risk, there have to be transparency to avoid money laundering operations.
What is the potential of the Brazilian sports betting market?
Big for sure. I will tell you an experience Mario, one of our team members had, during a taxi ride in Sao Paulo, not long ago. Mario noticed the driver was texting or doing something on his phone every chance he had, every red light he was busy texting and surfing the Internet. He asked him what he was doing, and his response intrigued him. Te driver said he was helping people make bets online for the Copa America matches.
Acting like Mario had no idea about the sports betting world, he asked him to explain to me how it all worked. Long story short, the guy was texting 10 clients simultaneously using WhatsApp and making more money “booking” for them than driving the taxi. He told me that business was exploding. So, what do I think the
I think we will see a vast amount of “new” gaming operators in the market in the next two-three years. I have seen several examples of people opening sites targeting different parts of Latin America for VERY low initial costs. At Continent 8 we have positioned ourselves to serve this community of “new” operators as well through our managed services cloud infrastructure offerings which lowers the barriers to entry when it comes to initial infrastructure investment to run a successful website.
potential is in Brazil? VERY LARGE, it already is LARGE in an existing underground fashion.
As jurisdictions in Latin America develop their own rules when it comes to online gambling how does Continent 8 tailor its offering specifically to Latin American markets?
We like to serve regulated markets around the world. We are a big and small company, big enough to serve and help anyone anywhere in the world, and small enough to pay close attention to regulatory details in all jurisdictions. Colombia and Paraguay are regulated markets in LATAM, and it looks like Argentina, Brazil, Mexico and Peru are all working on regulating online gaming. Within the next 2 years almost the entire South American continent could be regulated. I expect Continent 8 to have an important presence in the LATAM region to serve our hundreds of clients in the gaming space.
Could you tell us about some of the commercial and technological opportunities in Latin America?
Latin America is full of people that are great entrepreneurs and full of courage, that mixed with platform providers lowering more and more the cost of building an online site to operate a online gaming site, I think we will see a vast amount of “new” gaming operators in the market in the next two-three years. I have seen several examples of people opening sites targeting different parts of Latin America for VERY low initial costs.
At Continent 8 we have positioned ourselves to serve this community of “new” operators as well through our managed services cloud infrastructure offerings which lowers the barriers to entry when it comes to initial infrastructure investment to run a successful website.
NEWSWIRE / INTERACTIVE / MARKET DATA P51
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