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☆ FanDuel parent Flutter looks for international growth with big acquisitions in Italy, Brazil
▼ + stars: | 2024-09-17 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

FanDuel parent Flutter Entertainment will spend $2.6 billion, or 2.3 billion euros, to acquire Italian gambling company Snaitech from Playtech , adding to a string of deals that aim to boost international growth. Italy is a particularly attractive market for Flutter, as it had about 21 billion euros in gross gaming revenue in 2023. It also acquired Italian lottery and gaming operator Sisal in 2022, and just reported record online market share in Italy in the second quarter. Flutter said Snai had almost 10% market share in Italy last year and nearly 300,000 monthly active users. The new business will be renamed Flutter Brazil, and the deal is expected to close in the second quarter of 2025.

Persons: Snai, Peter Jackson Organizations: New York Stock Exchange, CNBC, NSX Group, Group, MGM Resorts, Grupo Globo, Global Locations: Playtech, Brazil, —, Italy, Massachusetts, U.S

☆ An Instagram influencer who partied with Leonardo DiCaprio got 8 years in prison for human trafficking: report
▼ + stars: | 2024-07-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewKat Torres, an Instagram influencer, was sentenced to eight years in a Brazilian prison for the human trafficking and slavery of a woman, according to the BBC. According to the BBC, Torres had gone from living in a Brazillian favela to partying with Leonardo DiCaprio and other A-listers. But according to the BBC, Ana and other followers said taking Torres' advice led to them becoming increasingly isolated from family and friends. Freitas told the BBC that Torres later tried to persuade her to become a sex worker. According to the BBC, Ana saw the news stories and contacted law enforcement agencies, including the FBI.

Persons: —, Kat Torres, Torres, Leonardo DiCaprio, Ana, Letícia Maia, Desirrê Freitas, Freitas, Maia, @searchingDesirrê, Jesus Organizations: Service, BBC, BBC Eye, BBC News Brasil, FBI, Business, Globo Locations: Brazilian, New York, Brazil, Germany

☆ An Instagram influencer who partied with Leonardo DiCaprio was jailed for trafficking and slavery: report
▼ + stars: | 2024-07-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

☆ A lawyer dreamed of disrupting the legal industry with private equity. It turned into a nightmare.
▼ + stars: | 2024-06-18 | by ( Jack Newsham | ) www.businessinsider.com time to read: +10 min

And he'd just launched a venture with the Miami investment firm 777 Partners that he hoped would revolutionize the legal business. Arizona had recently begun permitting nonlawyers to invest in law firms, which is banned in nearly every other state. AdvertisementAllowing private-equity riches to pour into law firms looked like it could be a game changer. AdvertisementGerman said 777 didn't supply money on the terms or timeline it promised and planned. Funding and marketing firms were cutting deals with law firms in nonpublic arrangements for years before Arizona changed its rules, she added.

Persons: Steve German, nonlawyers, he'd, BerlinRosen, Uber, Andy Kvesic, Arizona's, Josh Wander, Semafor, Steven Pasko, Lynda Shely, Shely, Ed Gehres, Damien Alfalla Organizations: Service, Partners, Scout Law, Scout, Regulators, DOJ, Globo Locations: Phoenix, Miami, Arizona, State

☆ Toyota to invest $2 billion in Brazil, says Brazilian vice-president
▼ + stars: | 2024-03-03 | by ( ) www.cnbc.com time to read: +1 min

A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country's vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on potential future plans. Brazil's vice-president and minister for industry Geraldo Alckmin said on social media the investments will be unveiled at an event in Toyota's factory in the city of Sorocaba, Sao Paulo state. Toyota would be the latest global automaker to unveil plans for extra investment in Brazil this year, following companies such as Volkswagen, General Motors and Hyundai Motor.

Persons: Geraldo Alckmin, Lauro Jardim Organizations: Toyota, American, Sunday, Volkswagen, General Motors, Hyundai Motor Locations: Yokohama, Japan, Brazil, Toyota's, Sorocaba, Sao Paulo

On Wednesday, Brazil arrested two people on terrorism charges as part of an operation to take down a suspected Hezbollah cell planning attacks on Brazilian soil. Later that day, Mossad publicly thanked Brazil's police and said, "Given the backdrop of the war in Gaza," Hezbollah was continuing to attack Israeli, Jewish and Western targets. A spokesperson for the Israeli Prime Minister's Office, which oversees the Mossad, had no immediate comment. Brazil's Foreign Ministry told Israel this week that the diplomatic relationship would become unsustainable if any harm were to befall the trapped Brazilians, the sources said. The Iranian government and Hezbollah, an Iran-backed group in Lebanon, could not immediately be reached for comment.

Persons: Brazil's, Flavio Dino, Israel, Dino, Luiz Inacio Lula da Silva, Eli Cohen, Mauro Vieira, Vieira, Daniel Zonshine, Jair Bolsonaro, Lula, Zonshine, Andrei Rodrigues, Rodrigues, Gabriel Stargardter, Maytaal Angel, Jonathan Saul, Andrew Heavens, Brad Haynes, David Gregorio, Leslie Adler Organizations: RIO DE, Brazilian Federal Police, Prime, Office, Mossad, Foreign Ministry, Reuters, O Globo, Wednesday's Federal Police, Federal Police, Hezbollah, Thomson Locations: RIO DE JANEIRO, Brazil, Israel, Gaza, Bolivia, Colombia, Chile, Iran, Lebanon

☆ Bolsonaro floated Brazil coup with military officers after election, aide says: reports
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Brazil's former President Jair Bolsonaro talks with media upon his arrival at Brasilia International Airport, Brazil June 30, 2023. REUTERS/Ueslei Marcelino/File Photo Acquire Licensing RightsSept 21 (Reuters) - A close aide to Jair Bolsonaro told police the former Brazilian president and senior military officers met last year to discuss a military intervention to overturn the result of the election after he lost, newspaper O Globo and news website UOL reported on Thursday. According to Thursday's reports, which did not cite their sources, Cid allegedly told police that Bolsonaro sounded out commanders of the armed forces about a draft decree to overturn the election. Lawyers for Cid and Bolsonaro did not immediately respond to requests for comment on the reports. Bolsonaro is accused of forging an election denial movement that culminated with the Jan. 8 storming of government buildings in Brasilia by thousands of his supporters.

Persons: Jair Bolsonaro, Ueslei Marcelino, UOL, Bolsonaro's, Mauro Cid, Cid, Bolsonaro, Alexandre de Moraes, Brad Haynes, Mark Porter Organizations: Brasilia International, REUTERS, Globo, Federal Police, Police, Cid, Supreme, Sao Paulo, Thomson Locations: Brazil, Brasilia

☆ Fourteen dead in plane crash in Brazil's Amazonas state
▼ + stars: | 2023-09-16 | by ( Steven Grattan | ) www.reuters.com time to read: +1 min

SAO PAULO, Sept 16 (Reuters) - Fourteen people on a small jet died when the plane crashed in Brazil's northern Amazonas state on Saturday, the state's governor said. The accident took place in the Barcelos province, some 400 km (248 miles) from the state capital, Manaus. "I deeply regret the death of the 12 passengers and two crew members who were victims of the plane crash in Barcelos on Saturday," said Wilson Lima, Governor of Amazonas state on X, formerly known as Twitter. "Our teams have been working from the outset to provide the necessary support. Reporting by Steven Grattan; Editing by David Gregorio and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Wilson Lima, Governor Lima, Steven Grattan, David Gregorio, Kim Coghill Organizations: SAO PAULO, Brazilian Air Force, Investigation, Prevention, Embraer, O Globo, Governor, Thomson Locations: Brazil's, Amazonas, Barcelos, Manaus, Governor, Lima

☆ Richarlison to seek psychological help on return to England
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

Sept 13 (Reuters) - Tottenham Hotspur's misfiring forward Richarlison said he will seek psychological help on his return to England after shedding tears when he was substituted during Brazil's 5-1 thrashing of Bolivia last Friday. The 26-year-old Brazilian was photographed crying on the bench after being taken off 71 minutes into the 2026 World Cup qualifier in Belem. "Now things will start to flow and I'm sure I'll have a good run at Tottenham and make things happen again. "I'm going to return to England and seek psychological help, from a psychologist, to work on my mind. ($1 = 0.8005 pounds)Reporting by Alan Baldwin in London, editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tottenham Hotspur's, Richarlison, Ange Postecoglou, Alan Baldwin, Toby Davis Organizations: Tottenham, Premier League, O Globo, Australian, Everton, Thomson Locations: England, Bolivia, Belem, London

☆ Deforestation in Brazil's Amazon Falls 70% in August
▼ + stars: | 2023-09-05 | by ( Sept. | At P.M. | ) www.usnews.com time to read: 1 min

(Reuters) - Deforestation in Brazil's Amazon fell 70% in August compared with the same month in the previous year, President Luiz Inacio Lula da Silva said on Tuesday, citing a report from O Globo columnist Lauro Jardim. "Great news on Amazon Day. The 70% reduction in deforestation in August is the result of the great work of the Environment Ministry and the federal government. Today, we will have important government announcements to follow our agenda of zero deforestation by 2030," Lula said on social network X, formerly known as Twitter.

Persons: Luiz Inacio Lula da Silva, Lauro Jardim, Lula Organizations: Reuters, O Globo, Amazon, Environment Ministry, Twitter

☆ Brazil's Americanas faces more debt, asset sales as it restructures
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

Sources with knowledge of the situation, however, told Reuters that the company shoulders a higher debt load than previously disclosed. Americanas presented the first draft of a legal recovery plan to a court in Rio de Janeiro state, O Globo newspaper reported. In January, the company entered bankruptcy protection after disclosing accounting "inconsistencies" worth 20 billion reais ($3.78 billion). The company said in early March it had offered a 10 billion reais capital injection to its creditors that will come from top shareholders. Sources close to the matter said the company holds debts of more than 50 billion reais, which exceeds the 42 billion reais previously acknowledged during the bankruptcy proceedings.

SAO PAULO, Jan 16 (Reuters) - Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to debt of Americanas SA (AMER3.SA), analysts' estimates showed on Monday, after the retailer obtained an injunction protecting it from creditors. Analysts at JPMorgan and Citi said in research notes that Banco Bradesco SA (BBDC4.SA) had the largest nominal exposure to the firm, while Banco BTG Pactual SA topped exposure as a proportion of loans. Considering JPMorgan's and Citi's estimates, BTG had a 1.9 billion-real exposure to Americanas, which was seen accounting for roughly 1.5% of its loans, while Bradesco had exposure of 4.7 billion reais, or 0.5% of loans. Banco Santander Brasil SA , the local unit of Spain's Banco Santander (SAN.MC), had 3.7 billion reais in exposure, or about 0.6% of loans. Sergio Rial, the outgoing Americanas chief executive who uncovered the accounting inconsistencies, is a former head of Santander Brasil, where he still serves as chairman of the board.

☆ Fact Check-Behind-the-scenes filming of Brazilian TV show miscaptioned following capture of Ovidio Guzmán in Mexico
▼ + stars: | 2023-01-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The clip opens with a group of three people slowly advancing down an ally, hunched over, and appearing to hold firearms. A further two people can subsequently be seen hunched around a corner, shooting toward the first group. Instead, it shows behind-the-scenes footage from a Brazilian TV show, Arcanjo Renegado, which was released in 2020 via the platform Globoplay (the streaming service owned by the Grupo Globo conglomerate). Reuters previously addressed another miscaptioned behind-the-scenes video of Arcanjo Renegado which can be seen here: (here). The clip shows behind-the-scenes filming of the Brazilian TV series, Arcanjo Renegado.

☆ Brazil's Bolsonaro released from hospital in Florida, source says
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: 1 min

Jan 10 (Reuters) - Brazil's former President Jair Bolsonaro on Tuesday was released from a hospital near Orlando, Florida, where he had been admitted on Monday, a source close to the Bolsonaro family said. Earlier, O Globo columnist Lauro Jardim had reported on the news. Bolsonaro, who flew to Florida 48 hours before his term ended, was admitted to the hospital a day after hundreds of his supporters rampaged through key government buildings in the capital Brasilia. Bolsonaro was treated for intestinal pains related to a stabbing he suffered during the 2018 election campaign. Reporting by Rodrigo Viga Gaier and Peter Frontini Editing by Chris Reese and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Bolsonaro hospitalized in the U.S. with abdominal pain - report
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, Jan 9 (Reuters) - Former Brazilian President Jair Bolsonaro was admitted to a hospital in Orlando, Florida, with "abdominal pain," newspaper O Globo reported on Monday, a day after some of his hardcore supporters stormed the capital city of Brasilia. Bolsonaro has been hospitalized multiple times in recent years with gut blockages after being stabbed while campaigning for the presidency in 2018. He traveled to the United States two days before Luiz Inacio Lula da Silva took the office of president. Reporting by Gabriel Araujo; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Bolsonaro hospitalized in U.S. with intestinal discomfort
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

RIO DE JANEIRO, Jan 9 (Reuters) - Brazil's former President Jair Bolsonaro was admitted to a hospital in Florida with intestinal discomfort due to a stabbing he suffered during the 2018 election campaign, his wife Michelle Bolsonaro said on Monday on Instagram. In Brazil, Dr. Antonio Luiz Macedo, who has been treating Bolsonaro since the stabbing, said he has an intestinal subocclusion, or blockage, but was unlikely to need surgery. Brazilian newspaper O Globo had reported earlier in the day that Bolsonaro had been suffering from abdominal pain. Bolsonaro has undergone six surgeries since his stabbing, four of them directly linked to the attack. On Sunday, Bolsonaro supporters in Brazil's capital launched the worst attack on state institutions since the country's return to democracy in the 1980s.

☆ Brazil's Trump-backed president is challenging his election loss, weeks after it looked like he was going quietly
▼ + stars: | 2022-11-23 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Brazil's president challenged his election loss, saying votes cast on some machines should be thrown out. Meanwhile, his supporters have protested the results, saying that he should still rightly be in office. US President Donald Trump (L) speaks with Brazilian President Jair Bolsonaro during a dinner at Mar-a-Lago in Palm Beach, Florida, on March 7, 2020. Former US President Donald Trump, who also challenged his presidential election loss in 2021, and claims he should still rightfully be president, endorsed Bolsonaro in his reelection bid last year. Trump backed him again in September 2022, just before the election, saying that people called Bolsonaro a "tropical Trump" and repeatedly urging Brazilians to back him as the election neared.

☆ Bolsonaro contests Brazil election, demands votes be anulled
▼ + stars: | 2022-11-22 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

Neither explained how that might have affected election results, but said they were asking the electoral authority to invalidate all votes cast on those machines. Diego Aranha, an associate professor of systems security at Aarhus University in Denmark, who has participated in official security tests of Brazil’s electoral system, agreed. Bolsonaro spent more than a year claiming Brazil’s electronic voting system is prone to fraud, without ever presenting evidence. Brazil began using an electronic voting system in 1996 and election security experts consider such systems less secure than hand-marked paper ballots, because they leave no auditable paper trail. But Brazil’s system has been closely scrutinized by domestic and international experts who have never found evidence of it being exploited to commit fraud.

☆ President Jair Bolsonaro has dropped out of sight because he 'can't wear pants' due to a skin infection, Brazil's vice president says
▼ + stars: | 2022-11-19 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

Brazil's President Jair Bolsonaro lost a tightly-contested presidential election last month. Since then, he has been holed up in his official residence. Brazil's vice president told O Globo that Bolsonaro hasn't left his home due to a skin infection. Mourao said that Bolsonaro, 67, who lost a tightly-contested presidential election last month, has been holed up in his official residence because of a skin infection, known as erysipelas, on his leg. He has a leg injury, a skin infection," Mourao told O Globo .

☆ Brazil's Bolsonaro to appeal to top court ahead of Sunday's election runoff
▼ + stars: | 2022-10-27 | by ( Anthony Boadle | ) www.reuters.com time to read: +3 min

This further raised concerns about disruptions before or after Sunday's vote pitting Bolsonaro against former President Luiz Inacio Lula da Silva. In its ruling on Wednesday, the TSE asked Brazil's top public prosecutor to investigate the possible intention of the Bolsonaro camp to disrupt the election in its final days. Now he has claimed fraud involving campaign radio spots, adding to expectations that he will contest the result if he loses to Lula. Neither the Defense Ministry nor the Army replied to a request for confirmation that the military commanders met with Bolsonaro on Wednesday night. O Globo newspaper reported two weeks ago that Bolsonaro had ordered the military not to publish that finding.

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