Entain CEO Jette Nygaard-Anderson remains upbeat about the prospects of sports betting regulation in Brazil despite former President Jair Bosonaro’s failure to sign the agreed-upon legislation before the December deadline.
Nygaard-Anderson addressed investors as part of its Q4/FY Trading Update, which revealed steady NGR growth across its global businesses, with revenue growth at 12% online and 10% in retail.
The CEO outlined her stance on the Brazilian market, explaining that whilst Bolsonaro’s reluctance to regulate sports betting was disappointing, she still ‘expects’ regulated sports betting in 2023.
She explained: “We had expected that the sports betting legislation would come through and that Bolsonaro would sign that during this transition period.”
