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New pari mutual sports betting offer For Coloumbia
Wednesday November 5,2014 : COLOMBIAN SPORTS BETTING LAUNCHED
Keno, Virtual sports and racing in the pipeline
A new pari mutual sports betting offer has launched into the Colombian market, the first in over ten years.
Colombian state-operated offer Las Deportivas is licenced by regulator ColJuegos and powered by Corredor Empresarial. It currently offers football betting but is expected to expand its portfolio as the regulatory framework’s modernization continues.
According to Coljuegos president, Cristina Arango, the gambling sector delivered its strongest growth in August 2014 primarily from the casino, bingo and slot game verticals:
- Slot machines showed a 7 percent growth
- Bingo increased 13 percent
- Other localised games rose almost 26 percent
- Concession contracts rose from 366 in 2013 to 384 at August 2014, a 5 percent growth.
- Taxes revenues derived from popular games such as Baloto, Revenge and Super Astro increased 22 percent in September 2014 compared to the same period last year.
The president of Federación Colombiana de Empresarios de Juegos de Azar (Colombian Gaming Employers Federation), Baltazar Medinahis, said in the past that unlawfulness, legal uncertainty, insufficient supply and a "lack of interest by the State in the sector" were all factors holding back an industry that has wide potential.
Gaming regulator Coljuegos, developed in 2012, said its aim to modernise the market are making strides with the launch of Las Deportivas while developing strong standards of operation.
Coljuegos' Arango confirmed the State expects to finalise regulations that include technical specifications pertaining to three new games; betting on racing and virtual sports by end 2014 and Keno within the first half of 2015.
"The idea is to have a wider choice of games that have proven successful in other countries, so that consumers have different options and income for health increase," Arango said.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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