Codere Online withdraws from Colombia, optimistic about the market potential in Mexico and Panama.

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

VAT Exemption + EU Market Pass! Gibraltar's "Golden Package" for Gambling Bosses?

The Colombian gambling trade organization warns that the added value tax may cause operators to exit.

The Colombian Gaming and Betting Trade Association (Fecoljuegos) has harshly criticized the government for imposing a 19% Value Added Tax (VAT) on gambling, warning that this move could lead to operators exiting the market.The Colombian government issued Decree No. 0175, temporarily removing the VAT