The international sportsbook and betting operator Stake is pleased to announce that its application for a sportsbook license and casino has been approved in Brazil, demonstrating their growth into regulated markets and the gaming industry.
Following its quick and successful entry into newly regulated markets in Peru and Colombia, as well as its acquisition of IdealBet in Italy, Stake has proven its superiority. This move expands Stake’s global reach and puts the business in a position to reach a fast expanding market with its product offerings.
Stake ranks Brazil as its second-largest global market, citing it as one of its key markets. The operator’s headquarters are in São Paulo to demonstrate their dedication and offer first-rate service.
Stake is concentrating on bolstering local operations, providing Brazilian players with top-notch entertainment, and introducing the innovative technology for which Stake is renowned.
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“For Stake, obtaining the license represents an additional phase in its international development into regulated markets. In this instance, the market’s significance and the speed at which we have attained it serve as an excellent illustration of our methodology. According to Brais Pena, Chief Strategy Officer at Stake, “Stake Brazil users can anticipate a similar experience to Stake.com: the best customer service, good product, good games, and generally what we have always been known for, which is to put the customer at the center of all operations, marketing, and product decisions.”
In addition to the license announcement, Stake is entering this market by hiring a local Country Manager, Thomas Carvalhaes, and ten other staff members, all of whom will be assisted by Stake’s 1000-person worldwide team. As the founding team, they are totally dedicated to providing players with locally relevant experiences while adhering to the rules.
The controlled environment and all that is going on in the Brazilian market, including its expansion and self-establishment, excite us much. Thomas Carvalhaes, Brazil Country Manager, says, “I am leading a brand that can innovate and find the right opportunities to speak with the right audience, which is something really powerful and definitely a winning combination.”
“We intend to keep growing our local workforce and operations in the upcoming year. With alliances like Juventude Football Club, the UFC, and the Fittipaldi brothers Pietro and Enzo, Stake is already well-known in Brazil, and we’re hopeful that we can spread our winning formula throughout Latin America.
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