Columbia's Coljuegos Licenses Corredor Empresarial S.A.

Published Friday, September 15, 2017 - Online-Casinos.com
Columbia's Coljuegos Licenses Corredor Empresarial S.A.

Latin America is the biggest online gambling market in the world and if governments do a good job of regulating it gambling on the internet may even be profitable for operators willing to try.  The current environment in South America for online betting companies is getting better as counties such as Columbia that has a regulated system.

The national online gambling regulator Coljuegos revealed recently that it has issued a second license to Bogata headquartered operator Corredor Empresarial SA.  The company is now licensed to offer sports betting utilizing its domain Betplay.co  with slots and games of chance also being made available.

Columbia’s 32 provincial lotteries as well as other gambling enterprises are controlled by Corredor Empresarial SA. The revenue the government regulator expects to gain from issuing this license is impressive estimated at around $1.1 billion over the five year term of the agreement.

Being the first country in South America to change its gambling laws to accommodate the digital age Columbia and it expects to reap the rewards and apply the funds to “resources for the health of Colombians”.

Juan Perez Hidalgo President for Coljuegos said, “With this initiative we seek greater resources for the health of Colombians, expanding the portfolio of games through innovative tools and synchronizing with the trend towards greater use of new technologies in the world,” adding, “We want more operators to obtain the authorization of Coljuegos so as to achieve a strong sector and in tune with the new technologies.”

Corredor Empresarial S.A has been anticipating the authorization by agreeing to deals with R. Franco Digital, the interactive division of the Malta-based R. Franco Group, to provide its latest-generation IRIS omni-channel platform, along with its varied catalog of online games and sports betting products.

General Manager at Corredor Empresarial S.A, Diana Margarita Otálora Taylor, said, R Franco would help the company “consolidate our position within the market, retain satisfied users and generate a stronger contribution to Colombia as a whole.”

 

 

Related news

Return to Latest News