Grupo Vinnare has secured approval from the gambling regulatory body Coljuegos to launch online gambling operations in Colombia. So far Coljuegos has issued 16 online gambling licenses including Grupo Vinnare.

In its recent report, Coljuegos revealed that the state’s share in the online gambling revenue market has increased by 63% year-on-year to US$8.9m in H1 2019. Online gambling contributes 9.4% to the overall revenue of Coljuegos.

Recently, Coljuegos made it easy to find legal gambling venues in Colombia. The national gambling regulator introduced an online map that allows users to identify legal gambling facilities in any city across Colombia.

Panama is planning to cancel the tax on gambling winnings to attract more tourists.

The head of gambling regulatory agency Junta de Control de Juegos (JCJ) said that the Ministry of Economy and Finance will scrap the 5.5% tax on gambling winnings. This includes the withdrawals or conversion of chips backs into cash.

Manuel Sanchez Ortega, JCJ secretary, said that if the country was to eliminate income tax on gambling, the tourism industry will improve.

The Asociación de Administradores de Juegos de Azar (ASAJA) gambling industry body already tried to reduce the income tax. They believe that tax reduction will attract not only tourists but gamblers from neighbouring countries too.

Yggdrasil has completed a landmark content partnership integration with Patagonia Entertainment that has seen the innovative supplier make its debut entry into the rapidly regulating Latin America market.

The fast-growing LatAm provider has enabled its network of regional operators to have access to Yggdrasil’s complete content portfolio including latest releases Yokozuna Clash and The One Armed Bandit, fan favourites Wild Robo Factory and Jackpot Raiders, as well as classic titles such as its Vikings trilogy. 

Following the successful integration, Patagonia’s growing network of customers is able to use Yggdrasil’s industry-leading proprietary BOOST® range of in-game promotional tools.

Since being founded in 2014, Patagonia has established a strong foothold in Mexico, Colombia and other regulating Latin American markets developing proprietary casino and bingo content and offering clients an omni-channel platform solution in the last two years.

Fredrik Elmqvist, CEO, Yggdrasil, said: “I’m delighted to make our first entry into LatAm by partnering with Patagonia, where we will combine its platform and regional experience with our technology and extensive software development expertise to offer its network of brands with a unique gaming experience.

“Our aim is to deliver the best casino games experience available, and this partnership is a major step towards achieving that within the rapidly growing regulated LatAm market.”

Patagonia Entertainment’s Global Business Development Manager Victor Arias, said: “Partnering with Yggdrasil and enabling our expanding operator network to integrate their award-wining content is very exciting, and we can’t wait to get started. The growing LatAm market presents gaming brands with a host of opportunities, and we are delighted to bring Yggdrasil’s best-in-class casino offering to our regional customers.”