Although some casinos have managed to record growth with the movement of the market in the first quarter of the year, the overall picture has been quite complex, the Colombian law at the moment forces casino companies to connect online and in real time, as well as to pay income taxes from the end of 2016. Under this scenario, payments are no longer made based on a fixed rate, but vary depending on the level of income.
However, it should be noted that this form of tax collection will change from the new development plan of Iván Duque's cabinet.
The casinos pay 12% on the level of income in tables or games that receive profits, while those that have losses continue under the measure of fixed rate, which is equivalent to 30% of a legal minimum wage in force, that in practice being a fixed rate of 17%.
On the other hand, many casino operators have begun to see themselves within the industry understanding that it is an entertainment model, which is why they have begun to leverage shows and shows, as well as restaurants and coffee concerts as complementary businesses, also renewing their equipment and technologies to begin to strengthen the image of casinos in Colombia, in order to achieve establishments at the Monte Carlo casino level, or those that reside in Las Vegas and Atlantic City.
However, for this they must leverage several different aspects to the gambling tables and slot machines. The casinos must face a new factor within their business and is summarized in the online betting market, which already has 17 operators guaranteed by Coljuegos to operate, which is in its highest boom and represents a strong competition if not integrates within the facilities.
Finally, it is important to understand how, from year to year, the revenues obtained from business deferred to games as mentioned above have been growing above the revenues of the gambling tables and slot machines, these are complementary businesses that reach different populations. but that if they complement the offer of the operators.
