The gambling industry in Colombia is legal and regulated by the government. The Colombian gambling market includes various forms such as traditional casinos, lotteries, sports betting, and online gambling, and has experienced significant development in recent years.
For licensed gambling operators in Colombia, the nearly year-long high tax rate "tightening spell" is expected to be lifted at the end of the year. Congress recently voted down the "Financing Bill" aimed at making the 19% gambling VAT permanent, meaning this temporary tax is likely to automatically
In the third quarter, the online gambling market in Latin America showed some fluctuations, with Brazil's growth not as fast as expected, and Colombia's tax issues adding a lot of uncertainty. Various operators have released their performance reports, let's take a look at their specific performance
This weekend, the gambling industry has several dynamics worth noting: Kambi Group has signed a multi-year agreement with Dutch Holland Gaming Technology to provide sports betting solutions; EveryMatrix has partnered with UK's BetGoodwin to launch a sports betting platform; Pragmatic Play is investi
The Ministry of Finance's proposed tax reform plan plans to impose a 19% VAT on online gambling platforms, causing widespread concern in the industry. The measure will take effect in February 2025, and operators criticize it for causing a decline in medical system revenue and threatening the sustain
The Colombian government has decided to maintain a 19% VAT rate on online gambling and set it as a permanent policy. This measure, included in the latest tax reform bill, has sparked strong opposition from domestic gambling operators.Industry Association Criticism: Fundamental Error in Tax Base Sele
Colombia's administrative department, through the Ministry of Finance, has submitted a new tax reform bill to Congress, planning to impose a 19% value-added tax on casinos and online gambling. This bill is a continuation of last year's failed financing bill, aimed at funding the 2026 budget while ma
Sergio Entrena, the Minister of Finance for Santander Province in Colombia, recently warned in an interview with La Opinión that over 80% of gambling activities in the region are conducted through informal channels, leading to significant tax revenue losses that should have been allocated to the hea
In the ongoing crackdown on illegal gambling, the Colombian gaming regulatory authority Coljuegos seized 628 illegal gambling devices in Atlántico and Meta provinces, preventing an estimated annual loss of about 520 million Colombian pesos (approximately $129,184) to the healthcare system.Coljuegos
As most operators have announced their Q2 financial results, the performance of the Latin American gaming market has attracted significant industry attention. Despite the continued boom in Brazil's online gaming market, tax pressures in Colombia and Peru still pose significant challenges to operator
Colombia—The Medellin Lottery recently released the first lottery ticket designed by artificial intelligence to commemorate the 203rd anniversary of the issuance of Colombia's first legal lottery. This special edition ticket will be launched on August 8 (Issue 4795), with a grand prize of 16 billion
Colombian Finance Minister Herman Avila recently announced that the government will submit a new tax reform proposal to Congress between August 15 and 20, 2025. One of the core elements of the proposal is the re-taxation of the gambling industry. This reform plan, named "Fiscal Agreement," aims to r
This week, the Colombian regulatory authority Coljuegos held a regional outreach meeting in Armenia, Quindío Province, aimed at promoting the development of legal gambling and strengthening the crackdown on illegal gambling activities. The meeting brought together representatives from the national p
The Colombian gambling regulatory authority Coljuegos has recently intensified its crackdown on illegal gambling, conducting joint law enforcement actions in the provinces of Cundinamarca and Santander, seizing a total of 96 unauthorized gambling devices, including slot machines and online betting t
Codere Online announced that due to the newly implemented 19% gambling VAT in Colombia impacting profit margins, the company has decided to exit the market. CEO Avi Shalel stated that the local growth momentum was "completely disrupted by tax policies".In contrast, the Mexican market has become a pi
The Colombian gambling regulatory authority Coljuegos has intensified efforts to block illegal gambling websites. Coljuegos will now directly request internet service providers to block those websites operating online games without paying the corresponding copyright fees.Coljuegos President Marco Em
