Tag Archives: Colombia

The government of Colombia has appointed Roger Carrillo Campo as new President of national gambling authority Coljuegos.  The appointment was confirmed by the Ministry of Finance, which oversees Coljuegos’ management and oversight of both online anad land-based gaming in Colombia. A qualified economist from Universidad Autonoma de Colombia (UAC), Carrillo Campo has held senior civil service positions within the Bogota …

Codere Online has announced that Moshe Edree has chosen to step down as CEO of the Global Nasdaq Spanish online gambling group.  The disclosure follows Codere Online announcing its Q4 results, which saw the company complete its first full-year trading as a Global Nasdaq business.  A ‘better than expected’ Q4 trading period saw Codere Online generate period revenues of €34m, …

FIFA’s Qatar World Cup will significantly increase sports betting revenue in Colombia, according to a new report from El Tiempo. The tournament is not only bolstering the number of daily bets but also the average spend per transaction. César Augusto Valencia, President of regulator Coljuegos, explained that November and December will experience a growth “driven by sports betting”, which normally …

Speaking ahead of a panel at next week’s SBC Summit Latinoamérica, Kambi Sales Director Juan Barrachina shares his view of the opening LatAm sports betting and igaming market and the need for operators to launch a deep, high-performing offer there. SBC: Could you begin by telling us about Kambi’s work in and plans for Latin American markets? JB:  The momentum …

Betsson AB has expanded its technology partnership with Gaming Innovation Group (GiG), which will serve as the lead platform provider for its burgeoning Colombian business.  In the summer of 2020, Betsson entered Colombia’s regulated online gambling marketplace, acquiring a 70% stake in market-leading sportsbook operator ColBet – an asset subsequently rebranded to Betsson.co.  GiG has supported Betsson’s Colombian market expansion, …

Gaming Innovation Group (GiG) has inked an additional agreement with an unnamed existing partner, via its subsidiary Sportnco Gaming, to provide its sportsbook in Colombia.  Alongside its sportsbook launch, GiG’s player account management (PAM) will also be launched in Colombia, making it the third regulated market that provides both software and services to the client.  Hervé Schlosser, Managing Director of …

Colombia’s gaming regulator Coljuegos has shared the financial figures for the first quarter of 2022, a period in which the local industry saw record revenues of $44.1m, or a 17% increase when compared to the previous year. According to the President of Coljuegos, César Augusto Valencia, casinos and bingo halls contributed $19.4m, while online gambling was responsible for $12.9m of …

In what may well be his last conference call as Group CEO of Playtech Plc, Mor Weizer highlighted to investors the firm’s dominance across nascent Latin American markets as the group’s joint-venture partnerships continue to dictate the state of play.  Weizer, who has chosen to freeze his leadership of the FTSE250 technology group to support the takeover by Hong Kong …

Whilst operators are highly motivated by the commercial opportunity offered by  LatAm jurisdictions as the sector’s next boom markets.  Regulus Partners warns of the perils of not executing a native approach to service ‘new world’ customers… Peru and Chile are likely to be joining Mexico, Colombia, and Argentina (province by province) as major LatAm countries which are offering domestically regulated …

Grupo CIRSA has praised the ‘robustness of its global operations’ as the Blackstone-owned Spanish gambling business delivered full-year financial results above market expectations. Publishing its Q4 and full-year 2021 results, CIRSA registered group revenues of €1.11 billion, up 30% on corresponding FY2020 results of €843 million. Improved revenue results were maintained despite continued COVID-19 restrictions impacting operations across Spanish provinces …