UK operator William Hill is making a serious transfer on the South American on-line playing market with its current buy of a giant stake in BetAlfa, a licensed Colombian operator. It’s believed that buy is simply step one in what seems to be a serious effort to plant the William Hill flag within the rising South American market.
Because it stands, the regulated South American on-line playing market is comparatively small compared to that a part of the world’s comparatively giant inhabitants. That appears to be primarily the results of legislative foot dragging, however Colombia is among the exceptions and boasts a comparatively strong regulated market with 20 licensed operators. BetAlfa is a type of licensed operators and has been providing sports activities betting and on-line on line casino video games since 2018.
In accordance with an official William Hill press launch, the transfer into Colombia marks the corporate’s ninth entry into a global, regulated market. Firm officers went on describe the Colombian market as certainly one of South America’s “mature” gaming markets. (Although it’s comparatively small in comparison with different worldwide markets.)
William Hill CEO Ulrik Bengtsson commented on the acquisition saying, “We’re delighted to announce our acquisition of a majority share in Alfabet S.A.S, and with it, our first entry right into a regulated Latin American state. The Colombian regulated market is a task mannequin for the Latin American playing sector, and we’re excited by this chance to ship a really aggressive product and protected participant expertise beneath the William Hill model within the nation.”
It’s presently not know the way giant William Hill’s stake in BetAlfa is, but when the corporate’s US success is any indication of what they’ll do in South America, they need to wind up with one other profitable market entry.
Tags: South America, William Hill