What is the main objective of Bumbet when
entering the Brazilian market?
Brazil has a huge
appetite for sport but is relatively new to online betting. Traditionally, countries
where sport is popular people enjoy a bet on their team or favourite player: we
hope and think Brazil will be no different.
What is the company's expectation for the
legalization of gaming in the country? How does legalization affects business
plans?
It makes sense for
any government to legalise sports betting as it provides incremental income in
taxes for the country. We can see how successful this has been in the UK where
online betting is a well-respected business with many of the bigger operators listed
on the London Stock Exchange.
Does the company have other international
releases planned in other countries?
Not at this stage.
Is Bumbet thinking on an expansion in other
countries in the region?
Inevitably, if this
venture is successful we will look to replicate it elsewhere if the country has
a synergy with the brand but at the moment we are concentrating on Brazil
About sports betting market, how does the company expect to stimulate betting in different modes in a country where football is the predominant sport?
Football will always be the lead product for sure – both Brazilian and international - but big events like the SuperBowl and Fomrula 1 will always have interest for people. There are also sports like volleyball which is huge regionally. So, there’s plenty of scope beyond soccer.
Source: Exclusive GMB
