Add 'Playtech CEO Reaffirms LatAm Focus Despite Volatile Regulations'
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<br>[Playtech management](http://81.70.179.793000/dnkmaybelle26/the-bet9ja-promotion-code-this-2026-is-yohaig/wiki/The-BET-9Ja-promo-code-for-2026-is-YOHAIG) has actually recommended partners to work out caution when it concerns navigating unpredictable policies in core markets.<br>
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<br>In the wake of its H1 monetary report where it reinstated its commitment to Latin American markets like Mexico, Colombia and Brazil, the B2B gambling group expressed some [reservations](https://bizzdirectorylist.com/info/6384.html) about a list of proposed tax modifications in the relevant jurisdictions.<br>
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<br>A significant advancement for Playtech in Mexico saw the business get a 30.8% equity stake in local operator Caliente. SBC News talked to both [Playtech's](https://www.bardjo.ru/top/index.php?a=stats&u=britneyrowan) CFO, Chris McGinnis, and CEO Mor Weizer, about the long-lasting potential customers of this offer.<br>
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<br>Taking on the tax costs<br>
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<br>While McGinnis stressed the dedication of Playtech towards the Caliente partnership and the growth opportunities it offers, Weizer focused more on the quickly evolving regulatory aspects of the Mexican market.<br>
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<br>While still under review, a proposed [legislation ahead](http://dailyplaza.co.kr/bbs/board.php?bo_table=1003&wr_id=72910) of the 2026 Budget wants to increase the existing GGR responsibility from 30% to 50%. Weizer raised examples from throughout Europe where tax walkings have caused a reciprocal effect on the marketplace.<br>
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<br>"We've seen from worldwide advancements like the Netherlands that increases in the gambling tax can have unintended repercussions.<br>
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<br>"Over there, this has triggered a decrease in marketing financial investments and some operators leaving the marketplace, as well as an increased activity of unregulated platforms.<br>
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<br>"While undoubtedly we would prefer the tax level in Mexico to remain the very same, we can't really predict what the impact a boost will have, and we are still in the procedure of assessing."<br>
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<br>LatAm remains strongly in Playtech's sights<br>
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<br>Latin America has caught the attention of lots of video gaming firms, both B2B and B2C, with Brazil in particular seeing a rush of market entrants in the months given that a regulated wagering space was introduced in January.<br>
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<br>Amidst this excitement, it is necessary not to forget other [Latin American](https://cynone.com/@rudolphshapiro?page=about) markets, however, much of which are seeing similar changes to Europe around tax. Taking a look at Colombia, comparable proposals were tabled to make the short-lived VAT tax a permanent charge.<br>
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<br>While reaffirming that the country remains a priority for Playtech, Weizer also recommended care, describing that the market might become unsustainable for some operators if the federal government chooses to go through with its choice.<br>
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<br>In Brazil, Playtech income proved to be volatile compared to other jurisdictions like the US and Canada, generally due to the policy of the market at the start of this year. However, Weizer remained confident that Playtech has acted accordingly, and that its [regional partners](https://firmwinrealestate.com/agent/leighcobbs5726/) are now well placed for sped up growth.<br>
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<br>"Brazil has the strictest set of policies worldwide, even when compared to the US, and they presented a very rigorous onboarding procedure that at the start caused a high level of rejection rates," the CEO discussed.<br>
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<br>"However, we now see GGR returning to really comparable levels to what we saw prior to the market's policy. Estimates suggest a market price of $6bn by the end of this year, and an anticipated growth of 15% in between now and 2030, reaching $17bn.<br>
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<br>"While it took the marketplace some time to adapt to the new policies, I believe that from this point onwards we will see faster development. This is an extremely huge opportunity for us. Our company believe Brazil is among the most for the video gaming market in the coming years."<br>
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<br>Snaitech sale establishes B2B focus<br>
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<br>Finally, Playtech's H1 business accounts were positively impacted by the sale of Snaitech to Flutter Entertainment, a huge moment in the business's transition to a solely B2B enterprise.<br>
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<br>When asked by SBC News about how Playtech means to prioritise the implementation of newly-acquired capital, McGinnis included that whatever is on the table - from M&A to shareholder returns.<br>
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<br>"We have an [extremely strong](https://catalog.hidropart.com/blog/classic-watches) balance sheet and I believe the very best thing that it does is give us versatility that we can look into all of these alternatives," the CFO stated.<br>
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<br>"We've constantly had an M&A technique. When we initially acquired Snaitech, it was part of that strategy. We still have that and we're routinely looking at M&An opportunities.<br>
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<br>"In regards to natural development, our organization can money its growth, for instance into markets like Brazil. With our balance sheet as well, we're looking at capital allowance a growing number of carefully.<br>
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