Coljuegos and the gambling industry. The gambling industry has been a sector that needs to seek a joint improvement with its regulator, government agencies and its entrepreneurs; With the aim of creating better opportunities for them.
However, it is clear to the different players in the sector that since the arrival of Juan B. Pérez Hidalgo Coljuegos EICE (Industry Regulator) has generated moments for entrepreneurs and Coljuegos to have friendly approaches to seek the good of it Industry with clear and objective solutions.(Read so.Coljuegos will provide payment facilities to operators )
What problems does the sector currently have?
It is clear that all operators and / or entrepreneurs in this industry are identified or discriminated against by financial institutions, which also causes a delay in the evolution of those, since both banking entities and insurance companies are unaware that it is an industry of legal activities Recognized since the country's constitution. In addition, it is not recognized that this sector contributes significant amounts to the resources that are directed to the health of Colombians and even to the functioning of the State itself.
Along with these discriminations, two more situations must be added to the problems that the gambling sector possesses; The first is related to the illegal operation in the country, since it is estimated that there are about 70,000 MET's located in different areas of the country in an illicit manner. Therefore, the concern increases to know that this amount reflects almost the same amount of Electronic Slot Machines that operates legally, which generates to the country around a billion Colombian pesos (COP) that are not collected by Coljuegos, who is responsible for this.
Despite the fact that in October of 2016 the seizure of 3047 METs was made, it is not enough for Coljuegos to complete with this rate of attack against illegality in the country. (Read so Coljuegos seeks a transparent sector with a sense of social responsibility )
How does the tax reform affect the industry?
The second of the issues that generate concern in the industry is the creation of taxes in the latest tax reforms, "in less than 7 years have been made at least six increases and impositions of new tax obligations, which adds to the fact that since 2004 VAT was levied on gambling, "said Elizabeth Maya, co-founder of the National Consortium of Luck and Azar Games Dealers (CONNAZAR SAS).
The reform has a potentially negative impact since any increase in VAT, because it is the only economic activity of the country in which the tax is assumed by the entrepreneur and not by the consumer who in this case is the player.
Here Maya indicates that, without studies or analysis, the new tariff was prepared to pay, but without the VAT that was already at 16%. "Neither the Government nor the businessmen have found the way to transfer this tribute to who truly must assume, who is the final consumer. The sector has been resisting until now, but there are already many companies that are closing down and casinos that disappear, before which many businessmen have stated that a northeaster increase, "said Maya.
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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.
Senator Rodrigo Pacheco (PSD-MG), president of the Senate, announced the senators appointed to join the Parliamentary Commission of Inquiry (CPI) on Sports Betting.
The CPI’s purpose is to investigate and clarify issues related to allegations and suspicions of match-fixing in Brazilian football.
The collegiate has scheduled its first session for Wednesday, where it will elect the president, vice-president and possibly the rapporteur. The complaints being investigated by the CPI cover players, managers, and betting companies. The creation of the CPI was announced on March 12.
Sports betting CPI: investigation and objectives
Senator Romário (PL-RJ) requested the CPI, which will have 11 full senators and 7 substitutes, lasting 180 days. In the application (RQS 158/2024), the senator emphasizes that sports betting represents a significant financial movement today.
“It is important to highlight that football is a vital economic activity for the country. Thus, it generates tens of thousands of jobs and drives significant income generation. Therefore, it is the responsibility of the State to regulate and supervise its activities in favor of the public interest”, argues the senator.
Hosted at the prestigious Transamerica Expo Centre in São Paulo, this two-day expo and conference marks a triumphant return after a successful inaugural launch last year. With renowned brazilian social media icons, Negrete and Ronald Lopes. Negrete, with a staggering four million Instagram followers, has captivated audiences with his comedic sports videos, particularly his uncanny player imitations, propelling him to social media superstardom.
Lopes’ impact on the industry is evident, as evidenced by his back-to-back wins for Best affiliate of the year at the Bis Awards in 2023 and Best affiliate influencer at the SiGma Awards 2023.
Originally aspiring to be a footballer, Negrete’s trajectory took an unexpected turn when he assumed the role of Pelé’s stunt double in an autobiographical movie about the football legend. Adding to his accolades, Negrete clinched the coveted Best Influencer 2024 award at the SiGma Eurasia Awards held in Dubai this February, further solidifying his status as a trailblazer in the influencer landscape.
Meanwhile, Ronald Lopes, a self-proclaimed financially retired iGaming luminary, is embarking on a mission to guide 300 Brazilians to multimillionaire status this year through the P4P market – an extraordinary journey he plans to share with delegates during the upcoming SiGma conference.
Lopes’ impact on the industry is evident, as evidenced by his back-to-back wins for Best affiliate of the year at the Bis Awards in 2023 and Best affiliate influencer at the SiGma Awards 2023.
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