Related Articles
Entain joins up with Verizon Media for VR integration
- Colombia's regulated online gambling market is closing out 2018 on a high note, having registered nearly 1.7m customers since the market's launch 17 months ago. Colombia's online gambling market reported growth of nearly two-thirds in the first half of 2019. This week, the Coljuegos regulatory body reported that the government's share of the.
- It was in July 2017 when Colombia issued its first online gambling license to a subsidiary of Medellin-based electronic gaming machine operator Aquila Global Group. The enterprise sought to enter the Colombia online gambling market through a brand called Wplay.co. Fast-forward a year and Colombia saw its online gambling market soar to new heights in.
- Colombia Gambling Sites and Law November 24, 2016 With nearly 50 million residents and are rapidly growing economy, Colombia is a hotbed for gambling activities. Up until 2011, the authority that was tasked with overseeing gambling activities here was Empresa Territorial para la Salud, or ETESA.
According to a survey conducted in 2019 in Colombia, 31 percent of online casino gamblers said they bet on this activity usually 2-3 times a week, while approximately 32 percent of Colombians who.
Why the time is right to launch an online operator brand
Ladbrokes and Coral up in-store digital engagement with Racing Post BSDs
Entain Plc (formerly GVC Holdings) expects to launch its Bwin sportsbook property for the regulated Colombian online gambling market next month.
Martin Lycka, Entain’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, told SBC Noticias about the fast-moving developments for the FTSE100 betting group within Colombia.
Having recently secured a Colombian online gambling licence by federal regulator Coljuegos, Lycka confirmed that Entain would push for an early 2021 market launch of its flagship Bwin sportsbook.
At present, Colombia operates as South America’s solitary regulated online gambling marketplace having launched its online gambling regime in 2017, allowing for foreign operators’ subject to securing local partnerships.
A Colombian launch sees Entain maintain the objectives of its new corporate charter, in which the FTSE firm has promised investor to operate 100% across regulated markets by the end of 2023 trading.
Colombia Gambling Markets
“Colombia is Entain’s first regulated country in Latin America – our bwin brand is the first truly global gambling brand to have become licensed in the market,” Lycka commented to SBC Noticias.
“Following our 9 December rebrand, we plan on growing our Colombian business to become one of the biggest and at the same time the safest online gambling offering in the country.”
Colombia Gambling Marketing
Moving forward, Lycka detailed that Entain was also monitoring all LatAm market developments closely. “In accordance with our new strategy, we look into other opportunities across the region, in particular in Brazil, which we expect to regulate throughout next year,” he added.