The SBC News team are live on the ground for the second day of the SBC Summit. Stay tuned to this blog for the latest updates from the SBC News team on the ground at Lisbon – Ted Orme-Claye, Patrick Killeen and Ted Menmuir – as well as our colleagues at iGaming Expert.
10:30am: H2 views instant €4bn Brazil migration to Black Market
Reporting by Ted Menmuir
Breaking this morning, global gambling analyst H2 Gambling Capital has presented an initial forecast of Brazil’s market impacts following the immediate suspension imposed by President Luiz Inácio Lula da Silva.
H2 Gambling Capital estimates that approximately R$25bn (€4.2bn) in annual gambling expenditure could migrate from licensed platforms to the offshore market following the prohibition announced on 25 September.
An all-out suspension, dependent on a determination by Congress, would see Brazil’s online gambling black market increase from R$17bn (€2.9bn) to an estimated R$42bn (€7.1bn).
Dire consequences are identified by H2, as around “60% of expenditure previously captured by licensed operators will continue through unlicensed websites”.
Initial impact forecasts place offshore migration at R$20bn–R$30bn (€3.4bn–€5.1bn), equivalent to between half and three-quarters of the former legal market.
10am: No, you’re not seeing things – there’s a UFC star on the show floor
Good morning! Day two of the SBC Summit gets underway in Lisbon. The conference agenda kicks off at 11am today, with the Super Stage welcoming UFC star Charles Oliveira, while the other stages will host debates and discussions covering key markets like Italy, the Netherlands and Brazil.
