Betfair Receives Five-Year license that is iGaming Colombia

Betfair has received a five-year iGaming license from Colombian regulator Coljuegos, becoming the 17th authorized gambling platform in the country.

Attractive Colombian Market

Colombian gambling regulator Coljuegos has announced it has issued a five-year iGaming license to Betfair. The leading operator that is UK-based the seventeenth authorized wagering platform in the nation. Betfair will now have the ability to provide slot video gaming, internet poker, day-to-day dream recreations wagering and sports wagering in the jurisdiction.

According to Coljuegos president César Augusto Valencia Galiano, this brand new permit demonstrates that the Colombian video gaming marketplace is well anchored to the economy that is national. The regulator legalized online gaming via third-party operators in May 2016. The gaming that is local draws worldwide and Columbian organizations, Mr. Valencia Galiano highlighted, together with industry is in the increase, with 3.8 million subscribed player accounts and counting. Coljuegos said Betfair could mention to COP$23 billion (~$6.5 million) towards the economy that is national

Focus on Player Protection

Mr. Valencia Galiano called on Colombians to use regulated operators to ensure greater protection on their personal and financial data, in addition to a safer playing environment through access to gambling that is responsible.

He emphasized the charges that betting that is illegal can face, from six to eight years in prison and about COP$272 million (~$77,000) in fines for each illegal location or vendor.

In order to ease up into the market that is colombian Betfair partnered up with sportsbook provider BtoBet last October. Betfair’s platform combines BtoBet’s player account management toolkit Neuron3 and its technology.

Betfair joins different a array that is large of iGaming platforms, including Aquijuego, Betalfa, Betplay, bWin, Codereapuestas, Colbet, Fullreto, Luckia, Sportium, Rivalo, Rushbet, Megapuesta, Mozzartbet, Wplay, Yajuego, and Zamba.

At the end of December, William Hill acquired a majority share in Alfabet to prepare its entry into the columbian market that is iGaming in the same way it absolutely was being obtained by Caesars Entertainment.

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