LatAm iGaming market shows significant momentum in early 2025, with major operators reporting growth and expanding their presence across the region.
Key Takeaways:
- Betsson reports 14.7% year-on-year revenue growth in Q1 2025, driven by strong LatAm performance
- SkillOnNet expands its Mexican footprint through partnerships with Light & Wonder and ELK Studios
- QTech Games secures MINCETUR license to enter the Peruvian market
Betsson Leads the Charge in LatAm Growth
Betsson AB has released its Q1 2025 interim results, showcasing the company’s strong performance in the Latin American market. The Stockholm-listed operator reported group revenue of €293.7 million (£249.88 million), representing a 14.7% year-on-year increase. This growth was primarily attributed to the company’s success in the LatAm region.
The positive results underscore the increasing importance of Latin America in the global iGaming landscape. As more countries in the region regulate online gambling, operators like Betsson are capitalizing on the emerging opportunities.
SkillOnNet Strengthens Mexican Presence
In a move to bolster its position in the Mexican market, SkillOnNet has expanded its partnerships with Light & Wonder and ELK Studios. This collaboration will introduce new content to SkillOnNet’s Mexican-facing online casino platforms, enhancing the operator’s game portfolio and potentially attracting more players.
The expansion reflects the growing attractiveness of the Mexican iGaming market, which has seen increased regulatory clarity in recent years. As more international operators and content providers enter the market, Mexican players can expect a wider variety of high-quality casino games.
QTech Games Enters Peru
QTech Games, an iGaming aggregator focused on emerging markets, has achieved a significant milestone by securing a license from MINCETUR, Peru’s gambling regulator. This approval allows QTech to offer its platform and services to operators in the Peruvian market.
The entry of QTech Games into Peru highlights the country’s potential as an emerging iGaming hub in Latin America. As more aggregators and operators obtain licenses, the Peruvian market is likely to see increased competition and innovation in online casino offerings.
Other Notable Developments
Several other developments indicate the dynamism of the LatAm iGaming sector:
- Cassino, part of Ana Gaming Group, has become the title sponsor of X1 Brazil, including Fut7 and Beach Soccer events.
- The Brazilian Company for Supporting Compulsive Gamblers (EBAC) has partnered with influencer Daniel Fortune for responsible gambling outreach.
- Network Gaming has launched its mobile-first gaming platform in Brazil through a collaboration with sports media outlet Bolavip.
These partnerships and initiatives demonstrate the industry’s commitment to responsible growth and engagement with local audiences in Latin America.
As the LatAm iGaming market continues to evolve, operators, suppliers, and regulators are working to create a sustainable and attractive ecosystem for players. The developments in Q1 2025 suggest that the region will remain a key focus for the global iGaming industry in the coming years.
