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Cogit Secures Permits for Guyana Casino SOUTH AMERICA


LatAM - SIS strikes BetCris partnership SIS has extended its presence in Central and South America after securing a deal to supply its 24/7 Live Betting Channel to one of the region’s leading operators, Betcris. Betcris will launch SIS’s 24/7 Live Mixed Racing Channel on its online sportsbook, which will provide profitable short-form betting content throughout the day and will deliver an engaging betting experience for its expanding customer base.


SIS’s 24/7 live betting service includes exclusive live UK and Irish horse racing, along with international meetings from the likes of Dubai, Latin America, Mauritius and the U.S, as well as premium UK and Irish greyhound racing. Supplied as an end-to-end solution, Betcris’s new 24/7 Live Betting Channel will include streamed pictures, data, commentary, on-screen graphics and betting prompts.


The emerging Latin American market is an important focus for SIS and forms an integral part of the company’s ongoing international growth strategy. The supplier’s 24/7 live betting channels service are already live with a host of operators across the territory.


Paul Witten, Commercial Director at SIS, said: “We’re delighted to be delivering our 24/7 Live Betting Channel to Betcris, one of the leading operators within Latin America. Our service will significantly enhance its racing offering and provide Betcris’s customers with frequent betting opportunities across all times of the day. Latin America represents a significant opportunity, and we are looking forward to working with the Betcris team to bring quality live racing to their customers.”


JD Duarte, CEO at Betcris, said: “We have strong ambitions to create the most immersive sports betting experience available and partnering with SIS is an important step to expand our racing output. SIS’s 24/7 Live Betting Channel provides us with access to frequent, quality betting events throughout the day and we’re confident that it will be very appealing to our customers and drive incremental revenues.”


Peru - Booongo strikes Wargos partnership Booongo has secured a content distribution deal with Peruvian platform provider Wargos Technology in a move which extends the company’s presence in the Latin American market. Booongo’s slots will soon be integrated onto Wargos’ casino platform and made available to its operator network, including popular releases Dragon Pearls, Great Panda and the latest member of the game developer’s Hold and Win stable, Super Marble: Hold and Win.


Sebastian Damian, Commercial Director at Booongo, commented: “Wargos’ innovative platform is a rising star in a vibrant region of Latin America and we’re thrilled to provide our games to its growing operator client base.


“Our games are performing strongly in this region with players resonating with the mix of styles we have to offer. It’s an important market for us and we’re look to ramp up our presence even further over the coming months.”


P12 NEWSWIRE / INTERACTIVE / MARKET DATA


A building permit has now been issued for Cogit group’s Cayenne casino, which is being touted as ‘the biggest tourism project of the last 20 years in Guyana’


"Tis is quite simply the biggest tourism project of the last 20 years in Guyana," said Mayor Marie- Laure Phiner-Horth.


GUYANA CASINO LICENCES


A building permit has now been issued for the Cogit group’s future Cayenne casino, which is being touted as the ‘biggest tourism project of the last 20 years in Guyana.’


Te permits for the future casino-theatre in Cayenne (Guyana) were issued by the municipality on July 23.


Cogit hopes to open a temporary facility in 2021. Te 18-year concession contract was signed on August 28, 2019 by Marie-Laure Phiner Horth, mayor of the town and Bruno Gendrot, head of the Casinos branch of Cogit.


Te delegate must still present a file to the advisory committee for casinos before starting work on the project. Once approved by the Minister of the Interior, a provisional establishment should see the light of day during the first quarter of 2021 on the one and a half hectare land made available to it by the municipality at the entrance to the Horth cities and Grant, route de Montalbo.


Tis temporary casino will offer 75 slot machines, electronic English roulette and two black jack tables.


Te final casino should be completed in 2023. It will cover 2,100sq.m divided into three levels. On the ground floor, there will be a theatre that will accommodate 460 seats or 800 standing guests. Tis multi-purpose room will be used to host all kinds of events.


On the first floor, the games room will feature 150 slot machines, electronic English roulette and five traditional table games and a bar.


An 80-seat restaurant will be installed on the top floor, on the roof top. Te planned investment is €30m. Around 100 people will be employed as soon as the temporary casino opens with 300 employed by the permanent casino.


Te turnover should be €6m for each of the first two years, then €11m thereafter and €26m at the end of the concession. For the municipality this means €200,000 in annual income with the provisional casino and from €1.2m to €2.6m thereafter. From 2023, the definitive casino, will bring €2.6m tax revenues per year to the city. "Tis is quite simply the biggest tourism project of the last 20 years in Guyana," said Mayor Marie-Laure Phiner-Horth.


Argentina Land-based operators to run online gaming?


Te government of the city of Buenos Aires is aiming to allow the Palermo Racecourse and the casino located in the port of Puerto Madero to offer online gambling, which will be launched before the end of the year. Te newly launched online sites could generate $500m pesos in municipal taxes. Te government collected $5.2bn in taxes from gambling companies last year.


In May 2020, a Federal Appeals Court temporarily suspended the online gambling licensing process of the City of Buenos Aires following an appeal from local land based gaming operators who claimed the City does not have the authority to approve online gambling.


Now the Buenos Aires government is looking to compensate them for the temporary closure of the gaming rooms, due to the quarantine which has left as many


as 3,000 employees unemployed. In addition, the casinos located in the city have stopped paying Gross Income tax during the current crisis.


Te representatives of the Civic Coalition party would be willing to accept the changes proposed by the Buenos Aires government, but with the condition that that disgraced businessman Cristóbal López, would not be allowed to take part in the operation and is prosecuted for money laundering. López was found guilty of defrauding the Argentine tax office (AFIP) of $8,000m but was released last year on bail.


Te process to start online gambling in the city of Buenos Aires started at the end of 2018, when the Buenos Aires Legislature approved the law that authorised the operation of online gambling. Te following May the regulations were approved.


Dominican Republic


Te Dominican Republic Casino Association has confirmed that with COVID-19 health and safety protocols in place, the nation's 56 casinos reopened on August 24. David Moniz, President of the Dominican Republic Casino Association said: “During this five-month closure, we have perfected protocols, checking every small detail to make sure our establishments follow health and safety guidelines to protect our guests and employees. Both local and foreign customers will be able to experience for themselves that we are the most reliable and safe industry in the country.” He slammed the government over its failure to listen to the gambling sector: “In spite of deploying the most rigorous international standards in health and safety, including limited capacity and the suspension of gatherings.”


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