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  1. #1
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    Default Colombia issues first license for sports betting

    Based on BMM's test report and certification, Coljuegos, Colombia's regulator, issued its first gaming license for sports betting operations in the country.

    BMM's SVP, Southern Europe and South America, Marzia Turrini stated, "BMM has a dedicated team in South America and we are committed to providing the highest quality of testing services available in the region. Gaming in Latin America is growing rapidly and with continued developments, such as this new online gambling legislation, we believe that there is a great future here for all types of gaming."
    This makes Colombia the only jurisdiction in South America that has approved online gambling legislation.

    Read more here:http://www.yogonet.com/international...rm-in-colombia

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    Just how big is the Columbian gambling scene? Curious to know anyone have any numbers

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    Colombia certainly ain't the biggest or most expressive gambling market in South America. But what I've read about their new legislation is mostly positive. They should grow in the middle/long term, and big operators want to be present there.


    I really want to see Brazil following the same steps as Colombia, but unfortunelly I don't think whe gonna have such a positive legislation down here.

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    Miles_Videoslots (24 July 2017)

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    I think most of the latam countries will be regulated. But most of them still have a lot of bigger problems to deals with. And the big issue with some countries, like Chile, is if the State would open the market or keep it closed. Im conscious that opening the market its the best option for the countries in terms of better provider services, more incomes through more taxes, more employment and more 3 party actors like affiliates, media and others like soccer teams that will definitely be affected in a positive way through this industry.

    I think that the time for Latam to stop being spectator and move on, just started
    Nicolas Osnovikoff, Marketing Manager at Fantasticbet.com

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    Triple7 (21 July 2017)

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    bonusapostasonline is offline Private Member
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    Quote Originally Posted by Miles_Videoslots View Post
    Just how big is the Columbian gambling scene? Curious to know anyone have any numbers
    From what I've heard (from an aff buddy who markets to South America) while he gets decent numbers, the deposits are extremely low.

    US$100 is seen to them as high rolling.
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    Quote Originally Posted by happyfeet View Post
    From what I've heard (from an aff buddy who markets to South America) while he gets decent numbers, the deposits are extremely low.

    US$100 is seen to them as high rolling.
    Hello!

    I disagree with you, it depends on the type of player and the product.
    For casino players, for example, in the past as affiliates we have had a lot of big players (min 4-5 digits deposits monthly). Those big players normally are the ones that are looking for a real online casino, not bonuses or freebets.

    I agree that in average the quality can be lower than european countries, but the market in Latinamerica now is more open, thanks to new local deposit methods. Now is not mandatory to have a credit card to play online and that is a key factor in this region.
    Nicolas Osnovikoff, Marketing Manager at Fantasticbet.com

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