Tag Archives: Colombia

Payments platform TAPPP and sportsbook provider BetPlay have joined forces to launch integrated TV betting for players in Colombia. Launched in collaboration with satellite TV provider, DIRECTV, the new end-to-end betting experience can now allow football fans in the Latin American nation to view odds and place a bet in real-time, while watching top flight Colombian football on their TV …

The government of Colombia has authorised a decree to reset the tax rate on online gambling licences to a fixed charge of 19% on value added tax (VAT). On Friday, the Federal Gazette announced that Decree-0175 had been approved, introducing tax changes affecting Colombia’s online gambling, energy, and financial services sectors. Effective from 14 February, Colombia’s Ministry of Finance will …

Vixio states that “Latin America’s regulated online gambling market is set to grow more than fivefold to reach $12.3bn in 2028, compared to $2.5bn in 2024.” This figure headlines a new “Latin America Outlook Report” published by the regulatory and compliance intelligence agency for iGaming and Payments. Regional developments in the 2020s have seen Latin America transition from a continent …

Colombia’s gambling regulator, Coljuegos, has introduced a new bill to help with the prevention of harmful gambling behaviour.  As reported by SBC Noticias, resolution 22654 will incentivise efforts for the adoption of responsible gambling practices among players and operators alike through education and additional support opportunities for those dealing with loss of control.  Operators will now be required to implement …

Grupo Codere SA has posted a net income loss of €117m for year-to-date trading, as group accounts detail dismal H1 2024 results. However, during the period, the creditors of the heritage Spanish gambling group agreed to a write-off of €1bn in debt, reducing Codere’s outstanding debt to circa €128m mark. The interim accounts of Codere SA revealed no income growth …

The government of Colombia will review a proposal to impose a new 19% value-added tax (VAT) on digital platforms. The proposal has been submitted to the office of President Gustavo Petro to be considered as part of Colombia’s pending national budget. Currently, President Petro has yet to sign off on Colombia’s budget, with deputies raising questions about the government’s expanded …

Betsson Group has unveiled former Colombian goalkeeper René Higuita as a brand ambassador in a move to further strengthen its presence in LatAm. Higuita joins several other former South American footballers as an ambassador of the betting firm, such as Iván Zamorano, Paolo Guerrero, Mario Yepes, Zé Roberto, and Nolberto Solano. This initiative aligns with the Group’s recent sponsorship deals in the region, where they have partnered with …

Colombia-based sports betting company Vicca Group has entered into an agreement with Sportradar to integrate the latter’s all-in-one ORAKO sportsbook. Onboarding it into its own Zamba sportsbook offering, the South American operator will leverage ORAKO’s capabilities for scaling its business in real-time and include data-rich betting features in time for popular sporting events.  Enrique Amorocho, Business Development Manager at Zamba, …

Codere SA has confirmed that creditors have agreed to reduce its corporate debt by 92% as part of a new financial restructuring programme. The terms of the new agreement will see Codere reduce its outstanding corporate debt from $1.7bn to approximately $140m, as of June 2024. The debt-reduction plan received majority approval from 60% of Codere creditors, who have been …

Colombia’s National Council of Games of Luck and Chance (Coljuegos) and the country’s National Superintendence of Health have entered into an agreement to further protect players from gambling harm.  The Memorandum of Understanding (MoU) between the government departments “strengthens the surveillance of the operation of the territorial games”. It will also set up an improved collaboration for the exchange of …