Compliance Updates

Coljuegos announces the issuing of its 17th Online Gambling License

Published

6 years ago

February 28, 2019

Coljuegos announces the issuing of its 17th Online Gambling License

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Colombian gambling regulatory body Coljuegos announced the issuing of its 17th online gambling license to the Bogota-based Games and Betting S.A.S., which plans to offer sports betting and casino products from its Betjuego.co domain for three-years.

Colombia issued its first online gambling license in July 2017, after the country became the first South American jurisdiction to approve online gambling legislation last year. Of the 17 current online licensees, 10 received their official permits in 2018.

Coljuegos president Juan B. Pérez Hidalgo recently celebrated the regulated market’s growth over its first 19 months of existence. The official figures for 2018 show the regulator’s take from online taxes and fees hitting COP37.9b (US$12.26m) in 2018.

There were 1.9m accounts registered with Colombian-licensed online operators at the end of 2018, a number that Coljuegos says has since grown to over 2m.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.