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Wirecard, a now defunct German digital payments processor that was very active in Asia, declared bankruptcy in 2024 after being forced to admit that nearly 2 billion ( 2.25 billion) in cash that was supposed to be held in Asian accounts did not actually exist.
It owed 3.2 billion in debt. In November 2024, the company was dismantled after it sold the assets of its main business unit to Santander Bank for 100 million. Other assets, including its North American, UK and Brazilian units had been previously sold at nondisclosed prices.
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  • In December 2024, the Brazilian Senate finally passed its gambling regulations for sports betting and online casinos. What took so long? Until this week, there had been no enforceable or documented Brazilian gambling regulations due to a blanket ban on gambling in the country since the 1940s.
    Casinos have been considered illegal in Brazil and considered a criminal misdemeanour since 1946, by a decree signed by President Eurico Gaspar Dutra, who would have been influenced by his wife Carmela Teles Dutra, who was known for her strong religiosity to Catholic Church.
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