Illegal Betting Colombia. The Internet is the site where millions of pesos ( COP´s) are moved around illegal bets in Colombia. There are at least 200 sites identified in Colombia that offer a wide range of virtual bets that are not regulated by Coljuegos, are a kind of 'lockers' where fans put in play sums ranging from 5,000 COP´s to 3 million.
Both Coljuegos and the police are behind the trail of at least 418 of these places that produce about 600,000 million COP´s of which there is no trace and rather are believed to be used by the mafia to launder currencies due to drug trafficking.
Indeed, a recent coup ended with the capture of several men, including one of Italian origin, who were part of a criminal network known as the 'Pijaosports'.
These illegal betting networks are very popular and have increased their existence in the principal cities of the country
They know no limits in their actions and in most cases escape from the control of the authorities until the point of being true centers of fraud that are administered by criminals, that can influence the results of the matches.
Antioquia the mecca of this business
In the Colombian case, drug trafficking enters to play a significant role. "The variable in Colombia is that mobsters use bets to wash their fortunes, just as they have historically done with casinos, lotteries and the chance," said a Colombian researcher.
And he recalled that, in 2000, extradited capo José María Ortiz was left with the contract of Superastro Millionaire, which recorded operations for 1.8 billion pesos per year.
In addition, ex-officials of the defunct Territorial Health Company (Etesa) confirmed that casino owners and soccer in Antioquia are linked to the mafia, also sought to appropriate the Ganagol, which in the end were handed over to foreign investors.
But now there is a fresher trail in these types of bets: the one of the 'Envigado´s office', the criminal drug trafficking apparatus. "In addition to investing in player and team passes, they launder illicit fortunes in games of chance, and bets are no exception," said the researcher.
In fact, for three years, Interpol agent Julie Norris asked Colombian authorities to penalize manipulation of football matches. The request was raised as part of a workshop, sponsored by FIFA, against illegal gambling and corruption in football.
There are known threats to referees in Colombia and the fixture of matches in foreign leagues like the Italian
Me encanto
Me gustó
No me gustó
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.
This Wednesday the Brazilian iGaming Summit 2024 / BiS SiGMA Americas 2024 Congress began at the Transamérica Expo Center in the city of Sao Paulo.
The opening speech was given by Alessandro Valente and Carlos Cardama, co-founders of the event, together with Eman Pulis representing the SiGMA Group.
“We have held a fair that really is an example for all Latin America, I don't know if for the whole world. But, with great humility, we thank you all for your participation,” said Cardama,
Who also highlighted the current moment in Brazil “which is one step away from being First World because of all the technology we have here.”
The Congress will take place on April 24 and 25 with presentations from iGaming industry experts and large companies to explore new advances in technology and strategies.
Representatives of the Secretariat of Prizes and Betting (SPA) of Brazil met with authorities of the Buenos Aires Lottery (LOTBA), taking advantage of their visit to Buenos Aires during the CIBELAE 2024 Conference.
Simone Vicentini [pictured] , deputy secretary of the SPA, had a meeting with Jesús Acevedo, president of LOTBA, and his team, a meeting in which executives from Gaming Laboratories International (GLI), a certification company approved in both jurisdictions, also participated.
The participation of SPA members in the Cibelae 2024 Conference revolved around this year's central theme: "Sports Betting in Latin America: approaches to a developing market." The SPA, created in February of this year to regulate sports betting and online casino games, plans to develop and implement a regulatory framework for online gaming, payment methods, strategies for responsible gaming and prevention of money laundering.
All these areas are of reference for the LOTBA, and the meeting also served to share that experience.
The Brazilian Football Confederation (CBF) published the new General Competition Regulations (RGC) of 20241. This document establishes the general norms and rules for the dispute of all championships organized by the entity. One of the most notable novelties of the new RGC is the regulation on betting house sponsorships on club uniforms. According to Article 114, the display of betting house brands on club uniforms is conditional on compliance with the requirements set forth in Law 14790/2023 and in the regulations of the Ministry of Finance.
Law 14790 on Sports Betting came into force on December 29. This rule and the regulation of the Ministry of Finance are fundamental for the implementation of the new rules on betting house sponsorships.
The new RGC also reinforces integrity actions and combats the manipulation of results. The CBF may request the production of a report by a company specialized in the detection of manipulation of results. In addition, sports betting companies must submit a declaration of non-involvement in any economic infringement or ethical violation related to the manipulation of sports results.
(571) 7568829 - 3606414 - 3606415 FAX (57 1) 3605027
Bogotá / Medellín / Cali / Pereira / Barranquilla
