Why Is It Worth Opening an Online Casino in Colombia?
Licensing and licit activities
Loyal online gambling legislation
Wide demand for gaming services
Large selection of casino software
Fast Licensing of Projects
We will help you prepare documentation and obtain a gaming license in the desired jurisdiction in the short term
Selection of Relevant Content
Our experts will advise you on the selection of gaming content that will meet the needs of your potential customers
Software from the Best Vendors
Casino Market cooperates with world-renowned, time-tested suppliers having extensive experience in Asian countries
Prompt Informational Support
We will be constantly in touch during the implementation of your gambling project. Feel free to ask any questions
The massive amusement sphere in Colombia has been considered the most progressive in Latin America for years. When the local government has finally established regulatory standards for web gaming in 2016, the area became even more sophisticated in comparison to the bordering states.
The modern era of the regional iGaming industry began in 2016. The regulator Coljuegos was established to act according to the Monopolio Rentístico JSA. This set of Colombian gambling laws indicates that all income the ministry receives from online gaming venues is direct for social needs. In this case, to the healthcare sphere.
The main statutory provisions of the local iGaming segment:
The legality-certification document
As reported by Colombian gambling laws, instead of licences, the regulatory body issues a special agreement between an operator and the government called Concession
Ley 643 de 2001 and its modern amendment of 2016 installed the monopoly for iGaming amusement by the regulator Coljuegos
All administrators who want to receive local working permits have to comply with the general fees of 17% of the GGR as well as subsequent 15% on launching new games with the RTP at least 83%
All managers who want to buy an online casino in Colombia are obliged to make the first language of their sites Spanish plus any auxiliary as per their needs
Official ways of depositing and withdrawing installed by Coljuegos are such internet services as Visa, Skrill, MasterCard, Paysafecard, PayPay, Trustly, and Money Matrix
Illegal operation fines
As soon as the cybersecurity of the country detects an unlawful gaming establishment, they immediately block the site, restrict any of its operations for 5 years, and impose fines, according to the severity of the violation
Punishment for players
No visitors of illegal platforms are influenced in Colombia, since they bear all responsibility for their finances and the risk of being deceived by the service provider
The established regulations in the country provide the possibility to receive a legal working permit. Casino Market offers professional aid in obtaining the cherished document for your web gambling business in Colombia. Contact our customer support for any details about this and any other services as well as potential cooperation.
The issue about the legality of the project in the country has been cleared out. In order to launch a web casino or to open an online betting portal in Colombia, an administrator still has to complete a lot of tasks besides receiving a permit. The setup process may be particularly complicated for novice entrepreneurs with no experience in the industry.
Casino Market proposes the simplification of the organisation through a favourable solution — a turnkey casino in Colombia:
Even though it is possible to complete all these steps individually, a turnkey casino in Colombia from our company guarantees decreased expenses and a shortened organisational period.
Cooperation with Casino Market ensures:
Regardless of whether you are a successful entrepreneur with numerous gaming sites in different localities or a beginning operator, you can buy an online casino in Colombia from our company without the fear of any risks or failures.
According to governmental statistics, in 2017, the total revenue earned from the newly established iGaming industry in the country equalled almost $7 billion. The profit continued to grow afterwards. In 2020, the influence of the Coronavirus pandemic and global lockdown increased operators’ revenue even more. So, the prospects for the high benefit of the gaming industry in Colombia are extremely positive.
If you are planning to join the sector in the nearest future, keep in mind the key peculiarities of the local market:
Casino Market has been working on the iGaming market of Colombia for years. We have established dozens of successful projects with slots, poker, bingo, sweepstakes venues, and bookmakers’ entertainment.
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