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 Colombia getting into online poker shared liquidity




Colombia getting into online poker shared liquidity
Published: 2017-11-16

Colombian gaming regulator Coljuegos is to allow licensed operators to offer live online casino and share global liquidity for online poker and exchange betting.


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In a draft decree published on its website last week, Coljuegos said the move will allow Colombia to become “even more competitive” with internationally licensed operators that are active in the country without a national license.

Also, the online poker liquidity sharing, would be restricted to other jurisdictions that have legalized internet gaming and have regulations in place.

Coljuegos picked out France, Italy, Portugal and Spain as regulated markers that it believes it can strike up a relationship with in terms of sharing liquidity.

In October 2016, Colombia became the first jurisdiction in the Latin America region to formally approve online gambling and has since been seeking to clamp down on unlicensed activities in the country.


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Inaugural WSOPC Toronto Starts this Week. 

Colombia getting into online poker shared liquidity

 

Poker players in Canada have been starved for live tournament action for far too long until WSOP and GGPoker announced the launch of the first-ever WSOPC Toronto this March. Starting on March 22, WSOPC Toronto will be played at the Great Canadian Resort and will feature eight WSOPC ring events with buyins ranging from $250 to $3,500. The festival will run until April 1 and will include No Limit Hold’em events only.

 

With just over a week left before WSOP Toronto 2024 kicks-off, WSOP Ontario and GGPoker are offering a variety of satellite options to win your way into the Main Event at just a fraction of the price.

 



Balatro is emerging as the new thing in poker with 500,000 downloads in 10 days. 

Colombia getting into online poker shared liquidity

The game's new poker boom in recent years has included media efforts aimed at a younger generation of players, including Twitch streaming and YouTube vlogging. The online gaming platform Steam, as well as other gaming options, have now seen a poker-related game attracting some attention.

 

 

The Balatro game features poker-like gameplay using wild cards to build a hand and sold over 250,000 copies in the first three days of its release across all platforms; and now the score its 500,000 in 10days.

 

The game receives good reviews The game is available for PC, PlayStation, Nintendo Switch, and Xbox, and earned a Metacritic score of 89. The game puts a bit of a twist on poker, but also includes some more traditional game terms and actions. Balatro offers the opportunity to introduce poker to players and has gotten some positive reviews so far.

 

How is the game.

 

 

 

“Each hand has its own amount of chips and associated multiplier bonuses, and the goal of Balatro is to get closer to victory by making the most of the cards you are dealt. While some blinds are small, reaching only 300 or 450 at the start of a match, they quickly begin to grow into the tens of thousands as each successfully defeated boss increases the blinds and accompanying bets. Get to an ante of eight and, bingo, you've won a Balatro streak.

 



Poker rooms & Casinos in Mississippi are suffering from online poker. 

Colombia getting into online poker shared liquidity

As more states add casino gaming and sports betting, some of the more-established markets are feeling the pinch, including the Mississippi Gulf Coast. Despite the American Gaming Association (AGA) recently reporting the commercial gaming industry growing 10% to record revenue of $66.5 million in 2023, Mississippi went the other way, experiencing a drop of 3%.

 

This marked the second-straight year of falling revenue for the state’s Gulf Coast casinos as well as casinos across the state, according to the AGA. Increased competition in the northeast has also led to a similar economic impact in New Jersey.

 

Mississippi Numbers Falling

 

 

The Mississippi Gulf Coast has long been a popular spot for gamblers in the south, treating guests to an beach vacation and plenty of casino gambling. There are about a dozen casinos located in Biloxi, Gulfport, and Bay St. Louis.

 

The region even featured a nice poker scene with early World Poker Tour events held in Mississippi and the WSOP Circuit still regularly heading to the state.

 

As more states like Arkansas have launched casino gambling and sports betting, Gulf Coast casinos are now facing increased competition. That trend continued in January, with coastal casinos seeing a drop of $8.5 million compared to the same month in 2023. That carried over statewide with a decline of $21.7 million.

 

Casino operators have noticed the loss in business, the Clarion Ledger newspaper reports, especially to casinos in Louisiana after that state launched live and online sports betting in January 2022.

 

Mississippi legislators are now considering legal online betting. However, more competition looms as Alabama is also now considering casino gaming expansion and legalized sports betting.

 

 

Atlantic City Also Experiencing Increased Competition

New Jersey’s nine casinos in Atlantic City are also feeling the pressure from nearby competition. Gamblers can now take their pick of casinos located across the region including Connecticut, New York, Rhode Island, Pennsylvania, Maryland, and more.

 

I think Atlantic City is similar to a lot of other markets across the country that are being impacted by cross border and regional competition,” AGA Vice President of Research David Forman said. “New Jersey is now entirely surrounded by states with a fair amount of gambling and a fair amount of gambling options that have expanded over the past few years.”

 

The Garden State has also offered online gaming for over a decade, but now Maryland and New York are also considering legalization.



The World Series of Poker (WSOP) has added Great Canadian Casino Resort Toronto. 

Colombia getting into online poker shared liquidity

The World Series of Poker (WSOP) has added Great Canadian Casino Resort Toronto as the host of its first-ever international circuit event in the city. The event, in cooperation with GGPoker, will take place March 22-April 1.

 

WSOP offers live poker tournaments in Las Vegas, online poker, and the WSOP Circuit at various locations around the U.S. The international circuit takes them to Brazil, England, France, Holland, and Canada. Playground in Montreal (April 8-23) and Deerfoot Inn & Casino in Calgary (May 1-13) are other stops on the schedule for 2024 so far.

 

 

Last November, Great Canadian Casino Resort Toronto announced the opening of a state-of-the-art poker room, with 30 tables operating around the clock, seven days a week.

 

Bringing the World Series of Poker to Toronto for the first time is a fitting milestone that will create further momentum for our recently opened 30-table poker room at Great Canadian Toronto,” said Robert Katsavelos, General Manager, Great Canadian Casino Resort Toronto, in a statement.

 

We welcome tournament participants from across the North American poker community and from right here in Toronto and are certain that this event is going to be a huge success.”

 

The tournament will feature eight Circuit Ring events with a total of $3.9 million in estimated prize pools. The $2,000 Main Event will award $2.9 million in prize money and a $3,500 High Roller event will have an $850,000 prize pool.

 

 

I’ve been playing WSOP events around the world for over 25 years,” said Negreanu, GGPoker Global Brand Ambassador. “There is something quite special about being able to finally compete in one in my hometown.” Daniel Negreanu.

 

The new $1 billion Great Canadian Casino Resort Toronto encompasses 328,000 square feet of gaming space, including over 4,800 slot machines and 145 table games. It’s the largest casino in Canada and one of the largest in North America. Adjacent to Woodbine Racetrack, near the interchange of Highways 401 and 427, it’s a Vegas-style resort featuring a 400-room hotel, 5,000-person live-entertainment space, and a selection of onsite restaurants.

 



Illinois and his relationship with Online Poker in 2024. 

Colombia getting into online poker shared liquidity

Proponents of legal, regulated real money online poker in Illinois are certain to face skeptics in the General Assembly when they try to get a bill legalizing poker and online casinos across the finish line this year.

 

Whether or not detractors of expanded igaming prevail (again) remains to be seen.

 

For starters, consider that the state generated a record $2 billion from all gaming sources during the 2023 fiscal year — and has only shown interest in making more.

 

Two nearly identical igaming expansion bills are making their way through various committees, one in the House and one in the Senate. Both bills would let qualified licensees (land-based casinos and horse racetracks) have three skins for poker and casino, taxed at 15%.

 

The bills have bipartisan support — but there’s opposition, too. And it’s a safe bet that most of the phone calls and emails lawmakers are receiving are from thousands of businesses that invested in video gaming terminals (VGTs).


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