× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 13 September 2017
Colombia issues its second online gaming licence
By Manuel Marti
Colombia has granted this week its second online gambling licence to lottery and chance games operator Corredor Empresarial S.A. The country’s regulatory body Coljuegos announced on Monday it has issued Colombia’s second official licence to the local firm, which will operate sports betting, slot machines, roulette and other games of chance under the Betplay.com.co domain.

The licence, which is set to last five years, was worth over $1m to Colombia’s watchdog. Coljuegos President, Juan B. Pérez Hidalgo, said that this move will contribute to the nation's health care funding. Additionally, the government hopes to raise COP 8b ($2.6m) in the first year following its online market regulation.

This news comes after Corredor Empresarial signed a series of gambling technology agreements with European providers Kambi Sports Solutions and R Franco Digital last June. The now-online gaming operator already manages over 25,000 retail points of sale across the country.

Colombia has become a promising ground for gaming operators after being the first Latin American jurisdiction to formally approve online gambling last October. Earlier this summer, back in June, Medellin-based electronic gaming machine operator Aquila Global Group obtained the first-ever licence to operate online in Colombia using the Wplay.co brand.

However, the South American nation has blacklisted over 300 foreign operators to ensure that locally-licensed operators generate sufficient revenues. Coljuegos has began blocking international domains in July.

RELATED TAGS: Online | Legal & Regulatory | Industry
DISCUSS THIS ARTICLE
IN-DEPTH 21 February 2018
Blockchain: Better the Devil you know?
The battle of the blockchain rages on. The technology that underpins cryptocurrency has proved deeply divisive, both in the gaming industry and wider financial markets. Up until now blockchain has suffered from a reputation as a tool for circumvention of controls and a platform for the underworld, but could the decentralised and transparent nature of the technology transform the gaming landscape as it promises? We asked two of the world's leading experts on blockchain gaming if it has finally come of age
READ MORE
PREMIUM CONNECTIONS