FIFA’s Qatar World Cup will significantly increase sports betting revenue in Colombia, according to a new report from El Tiempo. The tournament is not only bolstering the number of daily bets but also the average spend per transaction. César Augusto Valencia, President of regulator Coljuegos, explained that November and December will experience a growth “driven by sports betting”, which normally …
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Altenar has secured a commercial partnership in the Latin American market, supporting Vinnare Group sportsbook operations in the Colombian betting sector. The sports betting and igaming platform provider will provide its sportsbook solution to Vinnare, which it has lauded as a ‘regional heavyweight’ in Colombia, having been active in the country since 2019 and gaining a ‘valuable understanding’ of how …
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Colombia’s gaming regulator Coljuegos has shared the financial figures for the first quarter of 2022, a period in which the local industry saw record revenues of $44.1m, or a 17% increase when compared to the previous year. According to the President of Coljuegos, César Augusto Valencia, casinos and bingo halls contributed $19.4m, while online gambling was responsible for $12.9m of …
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Colbet is preparing to launch its live casino offering in the Colombian gaming market, but anticipates that sports betting will remain the dominant vertical across its wider operations. Speaking to local news outlet La Republica, Santiago Melo, the General Director of the operator, anticipated that the sports betting vertical will continue to contribute around 80 per cent of total group-wide …
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It’s hard to find anyone for whom 2020 has not been a difficult year, writes Soft2Bet CEO Boris Chaikin, but the gambling industry has had the online sector as its glimmer of hope. As we near a Christmas period that will be highly unconventional in more ways than one; businesses and individuals alike are still shaking from the global tremor …
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Entain Plc (formerly GVC Holdings) expects to launch its Bwin sportsbook property for the regulated Colombian online gambling market next month. Martin Lycka, Entain’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, told SBC Noticias about the fast-moving developments for the FTSE100 betting group within Colombia. Having recently secured a Colombian online gambling licence by federal regulator Coljuegos, …
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Coljuegos has confirmed to SBCNoticias that Juan B. Pérez Hidalgo has ended his five-year tenure as President of Colombia’s national regulatory authority for gambling. Updating stakeholders, Coljuegos confirmed that it has secured the appointment of César Augusto Valencia as inbound President, with Pérez Hidalgo choosing to formally end his presidency effective immediately, A South American executive of international packaging conglomerate …
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Following 2020’s disrupted proceedings, leadership eyes have turned to 2021 to see whether LatAm governments will finally deliver on their regulated market agendas for sports betting. As part of an evening deep dive on LatAm’s regulatory roadmap and political developments Kristal Rovira, Research Director of Americas for VIXIO, asked the panel whether any legislative progress has been achieved during 2020. …
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Mozzartbet Serbia’s leading bookmaker has entered the South American sportsbook market, acquiring the online operating unit of Meridian Gaming Colombia SAS – the Colombian market subsidiary Meridian Gaming Ltd. The acquisition forms part of Mozzartbet’s ongoing ‘internationalization strategy’ with the Serbian betting group securing direct entry within Colombia’s regulated online gambling marketplace taking over the meridianbet.com.co domain. Stating its new …
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BetConstruct has agreed an ongoing strategic partnership with R. Franco Digital which will see the two integrate their products into mutual business areas across their global operations. As part of the deal, BetConstruct will gain access to R. Franco Digital’s full gaming catalogue, which consists of over 30 titles, as well as the Spanish supplier’s products and services. This will …
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