Betsson acquires 75% stake of Brazilian operator Suaposta

16 Dec 2019

brazil-betssonThe Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-based bookie is aiming at expanding into the Brazilian betting market and the best way to achieve this was through the acquisition of a majority stake of one of Brazil’s leading bookies.

Suaposta has a long-standing partnership with the Rio Grande do Sul Jockey Club (JCRGS) and is known as the only authorized online horse race betting operator in Brazil. Its founders, Andre Gelfi and Fernando Correa, will keep on being in charge of the company’s local operations.

Andre Gelfi seemed very pleased that his company will join forces with Betsson as he stated that the imminent partnership will help them contribute to the development of the Brazilian online betting market.

Betsson hasn’t publicly acknowledged yet the deal with Suaposta, nonetheless this is expected to happen very soon. The Nordics are very optimistic regarding the regulation of betting in Brazil and the forthcoming licensing of international operators, that's why they have chosen to invest in the local market.

Why choose Betsson

The Top Scandinavian Sportsbook
  • 94%+ on Totals & BTTS
  • Horse Racing
  • Cash out
  • Bet Builder
  • €50.000 daily withdrawal limit
  • Many local payment methods
  • 10+ available currencies
  • Mobile apps
Play now
-
BOOK SPY
BOOK SPY BONUS REVIEW

Betsson is one of the industry leaders in Scandinavia. The brand keeps walking down the road of legitimacy and legality after all the Betsson Group is listed on the stock exchange and transparency is always the target. The in house platform is quick and easy to use, both on mobile and desktop and product-wise, there are only a few black marks. Odds on secondary leagues are short, the brand tends to cut winners fast, while the stake limits on the events are mainly low. On the other hand, I like the odds on the top leagues, which can challenge those of Bet365 and are better than Bwin’s. Live streaming and the whole live betting section are a state of the art, while the quick withdrawals give an extra boost to the recreational bettors looking for a safe and legit bookie

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

On Thursday, Canada’s Minister of Justice David Lametti announced that the federal government would amend the Criminal Code’s sports betting provision...

Read more »

The Malta Gaming Authority (MGA), the well-respected regulatory body, has introduced a new online platform that will allow bookmakers to report suspic...

Read more »

The Danish gambling market experienced a 5% revenue drop year-on-year (YOY) for Q3 2020. According to figures from the Spillemyndigheden (Danish Gambl...

Read more »

The UK-based bookmaker Spreadex has been named the EGR Awards 2020 spread betting operator of the year. The annual EGR Awards are organized by the eGa...

Read more »

GVC Holdings PLC has embarked on a new sustainable growth strategy that includes the rebranding of the company as Entain and the decision to pull out ...

Read more »

Kambi Group, the renowned provider of sports betting services to licensed online gambling operators, reported €28.1m in revenue for Q3 2020. This mean...

Read more »

The online gambling operator LeoVegas posted its financial results for the three-month period (Q3) up to September 30, 2020. The generated revenue was...

Read more »

Norwich City announced a new betting partnership with the acclaimed bookmaker 888sport. The renowned betting brand does not only have a strong presenc...

Read more »

Alberto Garzón, Spain’s Minister of Consumer Affairs, has informed the top La Liga teams that any gambling-related sponsorship agreement must end at t...

Read more »

  The English Football League (EFL) defends its gambling sponsorships, as the UK government considers a potential prohibition on all betting oper...

Read more »

Latest Betting Offers