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.
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
Under the trend of the global gambling market moving towards digitalization and legalization, Latin America has become a new hot spot for global operators to layout. Among many countries, Colombia is widely regarded as the "lighthouse country of Latin American gambling regulation". As the first Lat
After the latest financial report was released, Betsson CEO Pontus Lindwall emphasized that the newly launched gambling services in Brazil and Paraguay will become the new engines for the company's continued growth in the Latin American market. In the first quarter of 2024, Betsson's revenue in Lati
7777 Gaming has officially obtained the Colombian gaming content certification. This certification allows local players and operators to enjoy 7777 Gaming's game products, including "Crazy 100 Bucks", "Barbarian", "Candy Anyways", "Devil's Deal Soul for Sale", and "Club Mr. Luck" among others.7777 G
About Brazil, the interviewee said the firm’s focus is on building long-term value and creating games that speak to local players, working closely with partners, and staying fully aligned with regulatory progress. Following its successful rollout in Europe, including new licenses in Greece and Denma
Playtech Sees Revenue Uptick from Continuing Operations in 2024The fast-growing platform, content and services provider, catering to the global gambling industry, Playtech, released its latest financial update, highlighting strong growth for the year ended December 31, 2024. The company’s latest rep
We turn our attention to Spanish-speaking major population areas such as Spain, Colombia, Argentina, Peru, and Chile to observe the development of the sports betting industry in these regions.As of January this year, Spain's population exceeded 49 million, with a GDP per capita of $35,789. Among the
In addition to presenting its sportsbook, casino, CRM, affiliates, and payment solutions, at next week's event Oddsgate will reaffirm its commitment to innovation in the region.Press release.- On March 19 and 20, the Hilton Buenos Aires in Argentina will host SAGSE LatAm 2025, one of the most import
Rodrigo Mendoza Vega took office replacing Octavio de Jesús Duque.Colombia.- On March 3rd, Rodrigo Mendoza Vega officially became the new manager of the Medellín Lottery, one of the most emblematic entities of the Antioquia department and the country. Appointed by Governor Andrés Julián Rendón, Mend
From the Colombian Federation of Entrepreneurs of Games of Chance and Luck, it was assured that uninformed generalizations only generate uncertainty in the market.Colombia.- The gambling industry is under scrutiny in Colombia and therefore, the guilds consider it important to defend a market that is
With a 6.4 percent increase in revenue and strategic expansion, the entity positions itself as one of the most prominent lotteries in the country.Colombia.- The Lotería del Risaralda closed 2024 with outstanding performance, recording revenues of COP26.381m (USD6.4m), exceeding the projections set f
