Stake.com, the Curacao-licensed crypto casino, strategically acquires Betfair Colombia to enter the thriving Latin American gaming market. The move includes the launch of Stake.com.co, a locally regulated online casino and sportsbook.
Stake.com, the Curacao-licensed crypto casino, is making significant strides in the Latin American gaming landscape with its recent acquisition of Betfair Colombia. The Australia-based company, backed by Easygo, has successfully launched Stake.com.co, a locally regulated online casino and sportsbook, following the strategic acquisition.
Stake.com founders Ed Craven (left) and Bijan Tehrani in a press photo. The company is acquiring Betfair Colombia to add to its growing portfolio.
Brais Pena Sánchez, Chief Strategy Officer of Easygo, confirmed the move in a LinkedIn post, highlighting the expansion of Stake.com’s market presence and the secured licence for Easygo to operate in Colombia until 2025.
As a result of the acquisition, users accessing Stake.com or betfair.com.co from a Colombian IP address are now redirected to Stake.com.co. While the financial details of the acquisition remain undisclosed, Stake.com’s global footprint is evidently growing.
Stake.com has been actively establishing itself in regulated markets, operating as a non-crypto gambling entity in the UK under a UK Gambling Commission licence. In Australia, the company aims to enter the online gambling market, facing challenges in the absence of regulated online gaming. The recent acquisition of Betfair Colombia aligns with Stake.com’s strategic expansion plans.
The Colombian online gaming market, experiencing robust growth and regulatory support, had been a key focus for Betfair. The sale of Betfair Colombia now prompts questions about the decision’s rationale and timing, considering the country’s significant role in the Latin American gaming industry. Stake.com’s move into this market reflects its commitment to seizing opportunities in the thriving iGaming landscape.