The national government extended the validity of the Formal Employment Support Program (Paef), in fact, companies that have seen their profits reduced by 20 percent or more due to the crisis generated by the covid-19 pandemic, can apply to the new cycle of the Program, regardless of its size.
The PAEF is a subsidy created during the quarantine by the National Government that seeks to give employers a contribution that they can request once a month during the months of May, June, July, August, September, October, November and December 2020 , and January, February and March 2021.
The application period began on November 19 and runs until the 26th of that month. In this way, employers who applied for this call can obtain support for the payment of their payroll corresponding to September, October and November 2020, filling out an independent form for each month of application.
During the first stage of this initiative, which had four calls, the disbursement of 3.1 trillion Colombian pesos was achieved, destined for 134 thousand companies that protected the employment of 3.37 million workers throughout the country.
All companies that are approved for the benefit will obtain 40 percent of a minimum wage for each of their male workers (351,000 colombian pesos). However, this cycle has some peculiarities which are that, for each woman employed, 50 percent of a minimum wage will be granted, instead of the 40 percent originally raised.
Likewise, the tourism, gastronomic and entertainment sectors, which have taken longer to reactivate than the rest of the sectors, will receive a subsidy of 50 percent for each worker employed.
In other words, gambling operators who are part of the entertainment industry will get 50 percent of a minimum wage for each worker on their payroll (439,000 pesos).
This is because the gambling and betting guild has been classified since May 6, 2020, within the ISIC Rev4 activities. A.C. of DANE, that is, their main activity is economic and service activities in the tourism, hotel and gastronomy sectors, and artistic, entertainment and recreation activities, with ISIC number 9200.
All legal entities, natural employers, non-profit entities, consortia and temporary unions, associated work cooperatives and autonomous patrimonies can apply, these are some of the requirements for legal and natural persons.
This is the first time since the pandemic that the Colombian government has put the entertainment industry and casinos in the front of the line.
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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.
In recent months, Coljuegos has dismantled illegal betting houses that would have stopped transferring nearly usd $20million annually in exploitation rights.
A total of 445 gambling elements such as slot machines, computer equipment, roulette wheels, televisions, among others, were destroyed by Coljuegos in the municipality of Itagüí, Antioquia. All these items were used in illegal gambling and were valued at nearly usd$500k.
“We have another 4,600 illegal elements of games of luck and chance that will be destroyed in the coming days in municipalities such as Cali and Bucaramanga.”
Likewise, during the destruction of the items, $23,751,050 ( usd $4,500 )in coins and bills were found that were inside the electronic slot machines. These resources are constituted as a judicial deposit in the name of Coljuegos and may be transferred to health.
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