Latin America’s iGaming opportunity extends far beyond Brazil. GR8 Tech’s “LatAm Beyond Brazil” report delivers market-by-market insights across Argentina, Chile, Colombia, Paraguay, Peru, and Uruguay—from regulation to player behavior and growth trajectories.
Developed in partnership with iGaming Business with input from independent industry experts and GR8 Tech professionals, the report examines each geo through a consistent framework:
Market snapshots: GGR, number of players, and industry projections.
Digital behavior: traffic sources, top popular social media, activity patterns, and more.
Regulatory and taxation landscapes: tax rates, compliance requirements, and regulatory enforcement.
Local player habits: favorite sports, casino content types, and payment methods.
Yevhen Krazhan
“LatAm is one of the iGaming industry’s most dynamic regions, but treating it as a monolith is a costly mistake. While Brazil dominates headlines, markets like Argentina, Colombia, and Chile are carving their own paths,” said Yevhen Krazhan, CSO at GR8 Tech. “Our team designed this report to highlight the features, nuances, and opportunities of the top six markets and help operators make informed decisions based on data.”
From understanding Argentina’s complex provincial licensing to navigating Peru’s evolving framework, from optimizing for Chilean payment preferences to adapting content for Paraguayan players, success in Latin America demands local knowledge. The opportunity across these six markets is substantial, but so is the need for strategic, informed market entry.
GR8 Tech’s “LatAm Beyond Brazil” report provides the data that operators need to navigate this diverse region with confidence. Download the full report now and unlock Latin America’s iGaming potential.
FBM is delivering an elevated gaming experience with Lanterns of Fú, a visually striking and feature-rich dual-slot collection, designed for Mexican casinos and inspired by the richness of Asian traditions.
This brand-new slot pack introduces two unique titles — Harmony and Intensity — each designed to deliver a memorable play experience powered by bonus-packed mechanics and cultural depth.
Multi-Accumulator Link Bonus: The Core Mechanic
Following the success of its Xing Fú Fortune Money Trees slot game release, FBM continues to surprise players across the world by paying attention to what they are craving for.
At the heart of these slot games is the Multi-Accumulator Link Bonus, featuring three Chinese Lantern symbols, each with a unique power:
Radiance (Purple Lantern) – Grants a random value to itself and shares it with all lanterns on the reels;
Strength (Red Lantern) – Multiplies all visible lanterns’ values and then gets a numeric prize;
Fortune (Green Lantern) – Collects and accumulates values from all other lanterns.
Players can activate these lanterns individually or with layered effects, creating up to seven bonus scenarios. In the most powerful mode of the bonus, for example, Radiance Strength Fortune act together in a sequence:
Purple draws a prize and shares it;
Red multiplies it;
Green collects the final value, creating massive win potential and intense anticipation with every spin.
These combo features bring layered gameplay and higher volatility, catering to players who love unpredictability and huge win potential.
FBM debuts Buy Bonus and Hidden symbol Features to Engage Casino Players
Lanterns of Fú also includes two powerful slot game features designed to enhance player experience and retention:
Buy Bonus Feature: Players can instantly access the bonus mode by choosing their bet level and entering directly.
Hidden Symbol Feature: Offers surprise symbol transformations to the players that can influence their game round outcomes and boost suspense.
Four Progressive Jackpots – Including a GRAND Hit
What’s a premium FBM slot gaming product without progressive jackpots? Lanterns of Fú includes four jackpots in its link bonus, destined to maximize player loyalty:
Mini.
Minor.
Major.
Grand — triggered either by landing a special Chinese Jackpot Lantern symbol or by filling all 15 reel positions during the bonus rounds.
Two Slot Games, One Winning Concept
Lanterns of Fú Intensity is a 30-line slot game with bets of 50 credits, while Lanterns of Fú Harmony is a 50-line slot with bets of 75 credits.
Both versions support Wild symbols and multi-denomination play (5¢, 10¢, 25¢, 50¢), making them highly flexible for diverse player profiles.
Designed for the Mexican Market
FBM tailored this slot game specifically for the Mexican land-based casino industry. Everything — from the game speed and volatility to theme and symbol design — has been optimized for local player preferences.
With its Asian-inspired visuals, new rich features, and involving game mechanics, Lanterns of Fú is a standout addition to any slot portfolio in Latin America.
Elevating Casino Floor with Lanterns of Fú
This slot games pack is compatible with the FBM Auria, Galaxy and Shadow III casino cabinets. Whether you’re refreshing your slot lineup or seeking your next top performer, Lanterns of Fú is the ideal dual-slot product to light up your casino floor.
CreedRoomz has launched Kickoff Roulette, an innovative live game blending the thrill of a multiplier roulette with the electrifying world of sports betting.
Kickoff Roulette redefines what the ultimate tool for player engagement and development is like. Highly recognizable sports show themes and intuitive multiplier roulette mechanics make it the perfect game to introduce Sports Betting players to the world of Live Casino.
The game is built using a cutting-edge Chroma Key studio, meaning the whole studio is immediately customizable to the operator’s brand, making it a player’s favourite from the day-1. As the sports preferences change market by market, so does the Kickoff Roulette – themes featuring football and cricket are already live, and more is underway.
The players are already speaking with action – in the first days after the release across 1,000+ Creedroomz’s partners, the game is receiving unmatched interest from casino players and generates higher player engagement than classic multiplier roulettes. Immersive sports-show ambience, bespoke and sophisticated branded studios, 700x multipliers together make a game no player can miss. “Kickoff Roulette is more than just a new game; it’s a strategic tool for operators, especially those running sports betting businesses,” said Sargis Poghosyan, CPO of Creedroomz. “By combining the familiar and popular roulette with a dynamic sports theme, plus offering full customization, we are delivering a really unique live casino experience. This innovation gives our partners a real edge on today’s competitive market.”
DATA.BET has reported notable performance improvements among casino operators that introduced sports betting through the company’s plug-and-play integration.
According to internal statistics across multiple clients, adding a betting vertical resulted in players who use both casino and sports betting, generating up to a 4x increase in player lifetime value (LTV) compared to their previous casino-only behavior, while the same betting-active segment delivered an average 12% additional revenue without additional player acquisition.
Operators also recorded higher retention and engagement levels, with every second casino player placing at least one sports bet after the sportsbook launch.
The clients have noticed these results after integrating a Single Page Application (iFrame), which takes around one week. While DATA.BET manages all betting-related operations and configurations — both at launch and ongoing — casino operators instantly gain access to a full suite of sports, esports, and virtual sports events, allowing them to focus on marketing and player acquisition.
To enhance flexibility and engagement, the iFrame supports full customization: from color themes and layouts to dynamic banners, promo blocks, configurable bonuses, and margin/odds control.
Yurii Berest, CEO of DATA.BET, commented: “For many casinos, betting is more than diversification – it helps operators to maximize the potential of their existing audience and improve the efficiency of traffic monetization. As the average stake in sports is traditionally higher than in slots, operators experience instant revenue growth while retaining and extending player lifetime value. It is a powerful model of sustainable growth that helps to boost not only the current player base but also attract new audience”.
Aristocrat Interactive has announced the launch of Cash Express Legend Buffalo, the latest addition to the award-winning Cash Express franchise and the ninth Buffalo online title in North America.
Available now to players in New Jersey, Michigan, Pennsylvania, and Ontario, Cash Express Legend Buffalo brings together the most popular features from Cash Express Luxury Line™ and the iconic Buffalo series, delivering an elevated and highly entertaining train-themed gaming experience.
Building on the success of its land-based debut earlier this year, Cash Express Legend Buffalo offers dynamic features including:
Cash Express Legend Feature – Players can trigger the metamorphic meter to be awarded one or more colored trains.
Hold & Spin Feature – A 3×3 Hold & Spin bonus game with the chance to win the Legend Progressive jackpot.
Gateway Feature – Players can enter a bonus round that allows them to choose between Buffalo Free Games or the Cash Express Legend feature for diversified gameplay experiences.
“This is an exciting moment for Aristocrat Interactive, our customers, and our players as we continue to extend our most popular land-based games to the online environment,” said Adrian Bailey, Managing Director, Content & Aggregation at Aristocrat Interactive. “Cash Express Legend Buffalo blends two of our most successful franchises, offering a combination of beloved gameplay features and new bonus mechanics that deliver exceptional entertainment across markets in North America.”
This launch underscores the company’s commitment to delivering world-class online gaming by bringing the best-performing content from the casino floor to regulated iGaming markets.
“Following the incredible reception of the land-based version, launching Cash Express Legend Buffalo online marks another milestone in our journey toward near-simultaneous omnichannel releases,” Bailey added. “We’re delighted to provide players with the same exceptional experience – whenever, wherever, and however they choose to play.”
3 Oaks Gaming, an established distributor of iGaming content, has released Rush for Gold, a vibrant mining-themed game with explosive rewards and dynamic gameplay.
Set deep underground, the 5×3, 20-line slot presents a cheerful miner and his loyal canine companion. Shimmering gold nuggets and rattling carts introduce Free Spins and up to three powerful special features.
At the heart of the game, the Miner acts as both the Wild and Collect Symbol, gathering values from Gold Nugget Bonus Symbols. Above the reels, three carts roll along canyon rails, each representing a Meter. Filling these Meters with matching Progress Symbols triggers Free Spins which are enhanced by up to three of the special features.
The Extra Feature adds additional Bonus Symbols and can award further spins. The Rise Feature expands the grid to a 5×5 layout with 40 lines, upgrading symbol values for elevated win potential. The Multi Feature introduces 2x, 3x, or 5x multipliers to the Collect Symbol, with the ability to boost or stack existing multipliers for increased payouts.
All three features can activate simultaneously, creating a heightened gameplay experience. Triggering an extra feature during Free Spins awards four additional spins, while random reel nudges ensure the Miner never misses a valuable opportunity.
With lively banjo tunes, captivating visuals, and a maximum win potential of up to 8,518x, Rush for Gold by 3 Oaks Gaming delivers an exhilarating adventure.
Yurii Muratov, CCO at 3 Oaks Gaming, said: “Rush for Gold combines immersive visuals with a layered bonus structure that elevates both engagement and win potential. The combination of feature-drive Free Spins and flexible modifiers gives the game a clear identity, and we are confident it will deliver solid value for operators across regulated markets.
India’s online gaming industry is facing widespread disruption after a new federal law imposed a blanket ban on all real-money games, a move a legal expert says has halted a major driver of the country’s digital economy.
The Promotion and Regulation of Online Gaming Act, 2025 (PROGA) prohibits “online money games” regardless of whether they involve skill or chance. The measure has triggered an “abrupt cessation of all online real-money gaming (RMG) operations”, said Ranjana Adhikari, a partner at Shardul Amarchand Mangaldas who specializes in technology and gaming law.
Ranjana Adhikari
RMG accounted for about 80 percent of sector revenues, according to industry estimates. “The skill-based RMG vertical not only attracted investments but also created jobs, generated substantial tax revenues, and nurtured entrepreneurs”, Adhikari told AGB. She said leading operators had already shut down India operations and were considering shifts to foreign markets or new business lines.
The government has promoted Esports and educational titles as alternatives, but industry players warn the transition will take time. PROGA offers room for growth in these segments, yet only under strict conditions.
“Esports would qualify as such under PROGA only if stringent requirements are met, including recognition under the National Sports Governance Act, 2025 and registration with the Authority”, Adhikari said. Social and casual games may use subscription or advertising models, but the law’s “harsh criminal penalties” could make banks and advertisers cautious, she added.
Market research before PROGA indicated strong growth in Esports and casual gaming. Adhikari said demand could scale further “with regulatory clarity and support from the government and the Authority.”
Risk of offshore gambling
Critics fear the ban may push players towards offshore gambling sites. Adhikari said evidence from previous state-level bans suggests that prohibitions “rarely eliminate demand but simply displace it towards illegal or unregulated platforms.”
PROGA includes blocking powers and extraterritorial application to curb such operators. Effective enforcement will depend on cooperation between law-enforcement agencies, search engines, app stores and internet service providers, she said.
Before the ban, India’s RMG industry had created more than 200,000 jobs, supported over 400 startups and generated around $2.3 billion in taxes, according to industry data.
Adhikari said the law was passed with “minimal discussion” and no consultations with stakeholders, warning that investor confidence in emerging digital sectors could be damaged.
Regulation over prohibition
Adhikari argues that a “risk-based, co-regulatory framework” would have better protected consumers while supporting innovation. She pointed to the amended IT Rules of 2021, which outlined a multi-tier regulatory system and recognized self-regulatory bodies, but “were never operationalized.”
“This approach could have ensured that regulation kept pace with novel offerings without having to shut down innovation in the RMG vertical”, she said.
Despite the uncertainty, PROGA may accelerate the development of non-gambling games. Adhikari said the law directs innovation towards social, educational and skill-development formats supported by subscription or advertising models. India’s engineering talent also positions it to become a global hub for gaming infrastructure and services.
Clear guidelines from the new Online Gaming Authority will be critical. “If the Authority publishes dedicated and clear guidelines on permissible conduct, investors can underwrite social gaming and Esports projects with greater confidence”, Adhikari indicated.
Genting Berhad has established a new MYR5 billion ($1.22 billion) medium-term notes program and issued another MYR1.35 billion ($328 million) in notes as it continues to pursue full control of subsidiary Genting Malaysia Berhad, according to filings made on December 5th, 2025.
The Malaysian gaming and hospitality conglomerate made a lodgement with the Securities Commission Malaysia for an unrated Medium Term Notes Program through wholly-owned subsidiary Genting Vista Berhad. The perpetual program allows for the issuance of notes with tenures of at least one year, at fixed or floating coupon rates, and will be guaranteed by Genting Bhd.
Simultaneously, Genting Bhd issued MYR1.35 billion in notes through another subsidiary, Genting RMTN Berhad, under its existing MYR10 billion ($2.40 billion) medium term notes programme. The one-year notes carry an interest rate of 1-month KLIBOR plus 1.8 percent and were issued at par.
Both filings explicitly stated the proceeds would be used to part-finance the acquisition of remaining ordinary shares in Genting Malaysia pursuant to Genting Bhd’s takeover offer, which closed on December 1st at 73.13 percent shareholding—just below the 75 percent threshold required for privatization.
The new MYR5 billion program’s proceeds will be allocated toward operating expenses, refinancing borrowings, including buy-back or early redemption of debt securities, investment and capital expenditure, working capital requirements, and general corporate purposes. The first series of notes under this program is expected to refinance medium-term notes previously issued by Genting RMTN to part-finance the Genting Malaysia share acquisition.
This marks the fourth note issuance by Genting Bhd in the past month, bringing its total recent fundraising to MYR3 billion ($729 million) as it pursues the privatization of Genting Malaysia. The parent company has resumed on-market purchases of Genting Malaysia shares following the close of its mandatory takeover offer.
Genting Malaysia has recently attracted heightened investor attention after being recommended by New York’s Gaming Facility Location Board as one of three operators shortlisted for a full commercial casino license in downstate New York. Such approval would allow the expansion of its Resorts World New York City property, positioning the company for significant growth as Genting Berhad advances its consolidation strategy.
Pachinko hall operator Dynam Japan reported a sharp increase in profit for the six months ended September 30th, 2025, despite a decline in pachinko revenue, according to the company’s interim financial results.
Net profit rose 40.2 percent year-on-year to JPY3.07 billion ($20 million), driven by lower operating expenses and continued cost-control measures across its nationwide hall network.
The company said pachinko revenue fell 3.2 percent during the period, a decrease of JPY1.9 billion ($12.6 million). The decline reflected softer performance across both high and low playing cost halls, though the operator noted that nationwide consolidation in the industry and shifts in player preferences continued to shape market dynamics.
Despite the revenue contraction, total consolidated revenue from pachinko and aircraft leasing businesses reached JPY61.71 billion ($409 million), or 96.8 percent of last year’s level. However, improved operational efficiency helped lift consolidated operating profit by 14.4 percent to JPY6.91 billion ($46 million).
Dynam reported that pachinko business expenses dropped 6.4 percent year-on-year to JPY54 billion ($358 million), aided by reductions in machine capacity and upgrades to energy-saving systems such as air-conditioning units. The group rebalanced its machine mix by reducing pachinko units and increasing pachislot machines at 78 halls, responding to the growing popularity of smart slot machines introduced nationwide in late 2022.
At the end of the reporting period, Dynam operated 423 halls, having opened one new venue and closed five. The company said Japan’s economic backdrop—marked by rising wages but cautious consumer spending amid higher energy and food costs—continued to influence player behavior.
Industry-wide, pachinko hall numbers are expected to continue declining, particularly among smaller operators, furthering market consolidation. Dynam, one of Japan’s largest pachinko operators, said it will focus on cost control and operational optimization while monitoring demand trends and player participation.
The company noted that, despite the revenue dip, strong expense management enabled it to deliver substantial profit growth for the period.
Macau police have arrested three local men accused of running a mobile money-exchange service that allegedly facilitated illegal currency exchanges for gamblers using a private vehicle near casino properties.
The arrests come amid tighter enforcement under Macau’s new Law on Illegal Gambling Activities, in force since October 2024, which criminalizes unauthorized money exchange for gambling purposes and carries penalties of up to five years in prison.
The Judiciary Police said the suspects—aged 44, 54, and 27—were detained earlier this week in the northern district and near a casino zone after officers received reports earlier this year of a vehicle repeatedly entering Cotai casino parking areas. Investigators suspected that the occupants were conducting unlawful currency-exchange activities and launched surveillance operations.
According to police, the 44-year-old provided the car and funding for the operation. The other two men, aged 54 and 27, allegedly approached gamblers in casino surroundings and offered illegal currency-exchange services. The group is accused of transporting gamblers to quieter locations near parking lots, where transactions were carried out using mobile phones. After receiving electronic payments, the men reportedly handed over cash or gaming chips for gambling.
Police said transaction records indicate the trio conducted approximately RMB11 million ($1.5 million) in illegal exchanges since January, generating an estimated HK$330,000 ($42,000) in illicit profit. All three suspects refused to cooperate during questioning.
The vehicle used in the operation, along with several mobile phones believed to be linked to the illegal exchanges, were seized. The case has been transferred to the Public Prosecutions Office, with the men facing charges related to unauthorized currency exchange for gambling purposes.
