According to the last report of Coljuegos, where it presented the performance of the gambling sector, it has been demonstrated the great capacity that the different sectors within the industry have had to reactivate their sales and recover their income levels.
READ HERE: Colombian casinos continue to rule the roost
Baloto, Baloto revancha and Super Astro were no strangers to this, despite not being the ones who achieved the most in terms of collection, they continue to be one of the pillars that allow the industry to contribute more and more to the health of Colombians.
In 2020, Baloto, Baloto revancha and Super Astro were companies that, as well as casinos, had a point in which their sales dropped to 0 during that year due to the pandemic.
This has not been an obstacle to reactivate again and even equal or exceed their sales with respect to the levels they had in 2019. Numbers that Super Astro has managed to surpass, managing to contribute a total of 580 thousands of millions pesos (135 401 638 USD) in 2021.
In the other hand, Baloto and Revancha that are part of the same consortium, and have seen a decrease during the last time in which IGT was at the head, this comparing it against their sales levels of 2019.
READ HERE: Poker in Colombia continues to be one of the mainstays in the gambling industry
It is noteworthy that the new operator is committed to reach 1,122 municipalities and special districts in the country. They will do so through a network that will consist of more than 73,000 terminals nationwide. At the same time, they will have strategic allies in each department.
These two gambling modalities then for 2021 achieved a total annual sales collection of 246 thousands of millions pesos (57.436.252 USD), and according to the behavior they had during that year and so far this year, it can be seen a decrease in their income for what has been collected until May.
In this way, this modality of games occupies the third place among those that contributed the most money to the health of Colombians, following online gambling which occupies the second place with a total of 16 billion pesos (3 735 691 200 usd) in gross sales while casinos continue to be the ones that generate the most income with a total of 45 billion pesos (10 506 631 500 USD).
IGT bid farewell with transfers to health of more than 1.4 billion pesos (326 900 140 USD)and having delivered more than 2.5 billion pesos (583 750 250 USD) in prizes in all categories to more than 46 million winners during its more than 20 years of operation. Of these, 111 families were fortunate enough to receive multi-million dollar prizes in excess of 1.9 billion pesos (443 650 190 USD).
Finally, it is expected that the offer made by the new operator, in which through a percentage of 26% of the exploitation rights, will generate contributions to health of 50,000 million pesos per year for a total of 250,000 million pesos (58.370.175 USD) in the five years of the contract.
Me encanto
Me gustó
No me gustó
Although representatives of the restaurant located in Medellín confirmed that the betting house called 1win had canceled the event that same morning, Coljuegos' intervention was crucial to guarantee compliance with the law and prevent future attempts at illegal operations in the country.
The purpose of the event was to educate attendees about affiliate marketing strategies, traffic arbitrage and other forms of monetization in order to boost the participation of the betting public on the platform.
Bookmaker 1win is a gaming platform for bettors from the Russian Federation, Commonwealth of Independent States countries and near abroad countries.
However, Coljuegos has determined that the 1win brand does not have the required authorization to operate in Colombia, which makes any promotional activity in Colombian territory illegal. Furthermore, 1Win is not part of the web portals authorized to operate games of luck and chance over the Internet.
In this case, the entity highlighted that it will continue to work tirelessly to protect consumers and guarantee that all activities related to gambling are carried out in accordance with current regulations. It is worth remembering that, “To date, 15,120 blocking orders have been issued to unauthorized online gambling portals,” The national government will put the magnifying glass on health resources coming from taxes on games of luck and chance
The Secretariat of Prizes and Betting (SPA) - an entity of the Brazilian Ministry of Finance - recently issued Ordinance SPA/MF 722/2024, which details the technical and security requirements that sports betting and online gaming operators must meet. The technical requirements focus on the technological infrastructure of the betting systems. Specifically, all authorized operators must store the betting system and the corresponding data in data centers located in Brazil.
In exceptional circumstances, systems and data may be located outside Brazil, but must meet certain criteria. Operators must present to the SPA an explanation of why their systems are kept outside Brazil. The data center must also be ISO 27001 certified.
These conditions include that the countries have an International Legal Cooperation Agreement with Brazil in civil and criminal matters. Data owners abroad must authorize data transfers in advance. To facilitate effective supervision, operators must provide the SPA with data on bets, players, customer portfolios, legal destinations, and other operational information. This manual will soon be available on the website of the Secretariat, which may request additional information from the operator at any time.
On the other hand, operators must obtain certification of their platforms and systems from entities recognized by the Ministry of Finance. They must meet strict technology and security standards to protect consumers against potential fraud or unauthorized access.
Ordinance 722 SPA/MF 722 was published in an extra edition of the Official Gazette of the and can be consulted at the http://www.in.gov.br/web/dou/-/portaria-spa/mf-n-722-de-2-de-maio-de-2024-557715851
Senator Angelo Coronel, from the PSD party in Bahia, seems frustrated with the delays in implementing the law regulating sports betting in Brazil. He criticizes the Ministry of Finance for its sluggishness in collecting the grants for operating licenses, despite the estimated significant revenue of at least R$5 billion that could benefit the public coffers.
The senator views this potential revenue as a means to address other fiscal issues, such as compensating for payroll tax exemptions for certain sectors and small municipalities, which have faced legal challenges.
Caixa Econômica Board postpones decision on lottery transfer.
Although the law regulating the betting market was passed at the end of 2023, the appointment of the head of the Secretariat for Prizes and Betting, the Treasury body responsible for overseeing betting operators, only occurred recently. Senator Coronel expresses his frustration with this delay, emphasizing that Congress acted promptly in approving the legislation, but the government has been slow to implement it.
The taxation structure outlined in the law includes a 12% levy on bookmakers’ revenue and a 15% tax on punters’ winnings. These measures were part of Finance Minister Fernando Haddad’s plan to help achieve a zero fiscal deficit by 2024.
The Secretariat for Prizes and Betting is currently focused on drafting regulations governing the operation of the betting market in Brazil. Once these regulations are in place, interested legal entities will undergo evaluation, including criteria related to integrity and prevention of fraud. Over 130 companies have expressed interest in operating in the Brazilian market.
It’s highlighted that the law provides legal entities operating in Brazil with a minimum of six months to comply with the regulatory provisions once they are established. Senator Coronel hopes that the newly appointed Secretary for Prizes and Betting, Regis Dudena, will expedite the regulatory process.
The LifeMiles loyalty program and Codere launched a promotion aimed at the regulated market of Colombia and which has the legendary and much-loved former soccer player Carlos "El Pibe" Valderrama as the protagonist.
To participate, users must register their LifeMiles account number in the “Promotions” section of Codere, and then bet on any sport from COP 100,000 (USD25) with a minimum odds of 2.0. After that, they will begin to accumulate LifeMiles miles.
LifeMiles is a loyalty program, with more than 9 million members and hundreds of allied businesses (including Avianca, Bancolombia and many more) where members can earn and use their LifeMiles.
Can earn LifeMiles through our partner businesses: • On everything you buy, using an Avianca LifeMiles credit or debit card. • For air tickets, hotel stays, car rentals and other travel-related activities. And now to play in Codere.
The sale process of Enjoy is still in the early stages, but it already has several interested parties in its assets.
According to the Chilean press, Logrand Entertainment, the main target as a possible buyer in recent months, is interested in acquiring the operator's positions. However, the rooms in Viña del Mar, Coquimbo and Pucón would be left out of the equation.
According to Diario Financiero, the company considers the prices paid for these permits “stratospheric”, so it would be more profitable to pay the guaranteed notes. In this way, other operators such as Dreams and Marina del Sol would have the opportunity to invest there.
On the other hand, Enjoy's perhaps most relevant asset, the Punta del Este casino, is the one that generates the greatest interest in international companies. There would already be advanced negotiations with five potential buyers, despite certain negative projections in this regard.
The imminent regulation of gambling in Brazil, which could include physical casinos, would be detrimental to the Uruguayan operation, whose main clients come from that country.
However, the Plaza Esteña is relevant beyond its games room, as it is a central destination for tourism in the region. In this way, it is very likely that it will remain one of the most important assets of the Chilean company.
(571) 7568829 - 3606414 - 3606415 FAX (57 1) 3605027
Bogotá / Medellín / Cali / Pereira / Barranquilla
