KTO is excited to announce that the long-awaited regulation of the Brazilian market for online sportsbooks and casinos has been successfully implemented.
This milestone reflects a well-executed regulatory framework that effectively addresses key concerns within the industry. We are extremely pleased with the outcome and commend the authorities for their diligent efforts in achieving this.
Our commitment to the Brazilian market is unwavering, and we enthusiastically welcome the new licensing structure. KTO is poised to make substantial investments in Brazil, an initiative we believe will contribute significantly to the creation of new employment opportunities and the generation of substantial tax revenues for the country.
Furthermore, we are gratified by the emphasis placed on consumer protection within these regulations. The new framework ensures enhanced safeguards for consumers, fostering a safer and more responsible gambling environment.
This development aligns with our core values, particularly in promoting responsible gambling and conscientious advertising practices across all operators.
KTO is proud to be at the forefront of this positive change, setting a standard for responsible and sustainable growth in the Brazilian market.
Andreas Bardun
CEO da KTO Group
