Columbia Issues First Online Gambling Licence

Published Sunday, July 02, 2017 -
Columbia Issues First Online Gambling Licence

Latin America is potentially the biggest online gambling market yet to be tapped in the world. The biggest problem in countries such as South America’s Columbia is regulation. In Columbia for example there are over three hundred illegal online gambling operators seeking the attention of punters in Columbia. The government has recently published a list of these operators who are to be blocked by the internet service providers.

New gambling legislation was brought into play last year allowing for a legal online gambling regime. Operators are offered licences by the regulator Coljuegos which includes a fifteen percent tax levy on gross gambling revenues. Electronic gaming machine company Aquila Global Group which operates online gambling portal has received the first online gambling licence in Colombia. Coljuegos the national regulatory body confirmed that the company will offer a number of wagering opportunities. Every year in Columbia’s capital Bogota an online gambling expo called FADJA (Feria Andina de Juegos de Azar) is held. It is a major event that brings the betting industry from the other Latin American countries to participate.

The Medellin Columbia based Aquila Global Group will launch with the projected aim of reaching 1,000,000 registered users during the term of the contract. It is expected to creating as many as 3,000 jobs.

Regulatory body Coljuegos President, Juan Perez Hidalgo commented, “We want more operators to obtain authorisation from Coljuegos to achieve a strong sector and tune in with the new technologies.”

Hidalgo continued to expand on the process, “With this initiative we seek greater resources for the health of Colombians, expanding the portfolio of games through innovative tools and tuning with the trend towards greater use of new technologies in the world. We are aware that the fight against illegality is not an easy task and less so with regard to technological platforms. That is why we are working in an articulated way with the National Police and the Ministry of Defence.”


Related news

Return to Latest News