Coljuegos, presented this week its financial report that shows a good evolution in the performance of gambling industry in the reactivation process during the first month of the year.
The Colombian gambling authority announced that in 2021 it collected 613 billion pesos (USD156m) in 2021 through the tax Exploitation Rights - Monopoly Revenues, the goal for this year is to reach 740.447 million (USD188m).
As for January 2022, face-to-face gambling tops the list with 24.770 million (USD6.3m), followed by online gambling with 17.335 (USD4.4m). The accumulated collection in the first month of the year is 60,013 (USD15m).
On the other hand, cumulative gross sales in 2021 exceeded 45 billion pesos (USD11,457m), which is expected to be exceeded this year as the economy reactivates after the pandemic. Face-to-face gambling generated P28 trillion (almost USD7,129m) in total gross sales last year, while online gambling contributed P16 trillion (USD4,073m).
The trend of growth and recovery from the pandemic is registered in the year-on-year comparison, while in January 2021, gross sales were $1,596,065m COP (USD400m), in January 2022 that number rose to $2,719,141m COP (USD692m).
The same goes for online gambling, in January 2021 gross sales were $932.633m COP (USD237m), while in January 2022 they were $1,702.081m COP (USD433m).
Regarding the plans for 2022, according to what was reported by the local media La Patria, Coljuegos intends to "increase the number of METs by 3 percent and evaluate the proposals for complementary mechanics presented by the concessionaire of the novel game: Lotto". The main objective is the generation and development of more resources for health.
The authority assured that it plans to approve new gambling licenses to expand the offer, issuing the permits up to 10 working days after the new modalities are presented.
The second great objective of Coljuegos for this year will be to work even more for the promotion of responsible and legal gambling, which includes audits in face-to-face and online gambling halls. In this sense, reports will be created where "the main data of the operations of all the new games to be implemented in the betting houses will be included in a clear way, thus promoting the transparency of the sector".
On the other hand, it also foresees to reach new Covenants for Legality throughout the country, the blocking and closing of unauthorized operators and "to fulfill 100 percent of the Accounts of the Anticorruption and Citizen Attention Plan, as well as to implement a Risk Management System in all the existing operators of games of chance in the territory.
The last general objective will be "strengthening the management of Coljuegos". To achieve it, the following activities are planned: to execute an investment project dedicated to the digital transformation of Coljuegos and to carry out an analysis to improve all those aspects related to the security of the information systems.
In addition, they plan to execute the following plans: Annual Audit Plan, Anti-Corruption and Citizen Service Plan (PAAC), Information Security and Privacy Plan, Communications Plan and Information Security and Privacy Risk Treatment Plan.
They also intend to improve the satisfaction indexes of the internal users of the Coljuegos platform through a series of surveys and to identify all those processes of distribution of the resources of the new games that are implemented in the betting house, as well as to implement a payment solution for them. In this sense, manuals will be developed for the users, including a step-by-step description of the activities and each internal process of the betting houses.
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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.
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