Brazil’s regulated betting market sees further consolidation as Esportes da Sorte's subsidiary, HS Gaming Participações, moves to acquire Apostou.com. The deal is currently under review by Brazil’s Administrative Council for Economic Defense (CADE) under Public Notice No. 464.
Brazil’s betting market is witnessing increased M&A activity as operators aim to strengthen their presence in the country, which is the world’s fifth-largest betting market. The acquisition of Apostou.com by HS Gaming Participações, a subsidiary of Esportes Gaming Brasil, highlights the ongoing trend of consolidation in the Brazilian betting sector.
The acquisition deal is now subject to review by Brazil’s Administrative Council for Economic Defense (CADE) under Public Notice No. 464, indicating the regulatory scrutiny that accompanies such transactions in the country’s betting industry.
