Betfair Gets 5 year license that is colombian

International gaming firm Betfair has been granted a gaming license by Coljuegos, which will let it operate in Colombia for a five year period.

The License shall enable Betfair to provide slots, blackjack, roulette, and sportsbetting. The organization is hoping to see fees well worth COP23 billion compensated towards the economy every year. Betfair could be the seventeenth operator that is authorized Colombia, leading to a pretty decent marketplace in the country.

There are already 3.8 million player that is active in Colombia, as well as the protected market assists in maintaining players from using unlawful web sites.

Pumping the regulated web sites Coljuegos representative Valencia Galiano stated, “The portals authorised by Coljuegos guarantee the distribution regarding the rewards, the security of information as well as the functioning that is proper of platforms.

“We must remind all Colombians that operating platforms that are unauthorised to committing a crime which is why charges which range from 6 to 8 years in jail and fines of roughly COP$272m for each establishment are incurred; point of purchase, socket or merchant.”

As of press time no schedule for the launch of Betfair in Colombia ended up being available.

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