Fazi Secures Full Licence to Operate in Brazil

Fazi has officially secured a licence to operate in Brazil’s soon-to-open regulated iGaming and sports betting market, making it one of the first suppliers to gain certification following the recent closure of licence applications. This milestone positions Fazi, part of the Novomatic Group, as an early player in Brazil’s rapidly evolving gaming sector. The supplier now looks forward to introducing its diverse portfolio to a range of local operators, bolstering its presence in Latin America’s most anticipated iGaming market.

Fazi Secures Brazil Licence for 2024 iGaming and Sports Betting Market

Fazi’s recent certification in Brazil marks a pivotal step in the company’s strategy to expand within the Latin American market. As one of the initial suppliers to obtain a licence, Fazi stands ready to introduce its gaming solutions to local operators as the country prepares to launch its regulated online gaming and sports betting markets in January 2024. This achievement adds to Fazi’s broader expansion initiatives across the region, including its recent entry into Colombia with its Mega Pay machines, and signals its commitment to establishing a foothold in Latin America’s largest market.

Key Points:

• Fazi secures operational licence in Brazil, preparing to launch as the market opens in January 2024.
• Licence positions Fazi to work with local operators and bring its gaming portfolio to a highly sought-after market.
• Fazi’s expansion aligns with previous moves in Latin America, including its entry into Colombia and partnerships in Europe.

This latest regulatory milestone reflects Fazi’s intent to capitalize on Latin America’s burgeoning gaming industry. Fazi’s Novomatic affiliation provides it with extensive resources and industry expertise to effectively enter Brazil’s market, where demand is expected to be high as a result of newly approved regulations. By partnering with local operators, Fazi aims to bring a robust selection of iGaming and sports betting content to the Brazilian market, enhancing its reach and influence in the region.

A Strategic Expansion Across Latin America and Beyond

Fazi’s entry into Brazil is part of a broader regional strategy. In addition to its recent success in Colombia, Fazi has pursued partnerships beyond Latin America, such as its collaboration with NetBet in Greece and an agreement with Reevo to integrate its games through Reevo’s in-house studio. These partnerships demonstrate Fazi’s adaptability and dedication to bringing diverse gaming experiences to varied markets, aligning with its goal of expanding in regulated regions worldwide.

A Fazi spokesperson commented on the certification, saying: “Securing certification in Brazil is a pivotal step in our growth strategy for the region. We are excited to bring our proven gaming solutions to the market and look forward to building lasting partnerships here.” This statement highlights Fazi’s long-term commitment to Brazilian operators and the regional gaming landscape as a whole.

Brazil’s Regulatory Journey and Market Prospects

Brazil’s journey toward a regulated gambling market has been a complex one. After the Chamber of Deputies approved legislation in December 2023 to regulate online gambling and sports betting, the Brazilian government has intensified efforts to enforce compliance, recently initiating the removal of unlicensed operators. With these reforms in place, Brazil’s regulated market is expected to attract significant international interest, opening opportunities for licensed companies like Fazi.

In recent news, Sportradar and the International Betting Integrity Association (IBIA) signed a betting integrity partnership agreement with the Brazilian Ministry of Finance, signaling the country’s commitment to a secure and transparent gaming environment. This focus on integrity and compliance highlights Brazil’s intent to create a stable regulatory framework, fostering a fair and responsible gaming environment as the market officially opens.

With its new Brazilian licence, Fazi is well-positioned to capitalize on Latin America’s largest regulated iGaming market, bringing its diverse and proven gaming solutions to a rapidly expanding sector. This certification enhances Fazi’s reach and influence, aligning with its strategic goal to establish partnerships with local operators in high-growth regions. As Brazil’s market prepares to open in January 2024, Fazi’s early entry positions it for success, strengthening its footprint in Latin America and contributing to the evolution of Brazil’s dynamic gaming landscape.