Structural Guide on Buying Online Casinos in a Colombian Region

The modern path of the digital gambling business in Colombia began in 2016. This was the year when the administrative bodies finally established first in Latin America viable laws on amusement. Since then, the newly-created commission entitled Coljuegos started registering digital venues of administrators who wanted to exert themselves in the region.

The appeal of the rewarding and official working destination captivated a lot of entrepreneurs. Accomplished and novice administrators rushed to assemble virtual halls here. A lot of them resorted to us, Rosloto — a long-standing aggregator company with more than 10 years of practice.

Comprehending the Colombian iGambling Laws for Adequate Proceeding

Until the year 2016, a lot of establishments in the state worked illegally. Their owners were under constant risk of bans, while punters could not feel safe about their funds on accounts. In the decisive year, the corresponding authorities passed a special Act, reinforcing Colombian iGaming laws.

The underlying notions of the latest bill:

• The newly-created monitoring body became Coljuegos. Its main responsibility — accepting and approving (or rejecting) working permits.
• Such an innovative approach to opening a web casino in Colombia was the first implementation on the entire continent. Brazil studies the state’s experience and is about to become second in Latin America with similar amendments.
• While it is now lawful to apply for activity documents in the country, administrators are still able to target citizens with offshore certification. It means that owners of platforms who worked before the decree adoption can preserve their portals.
• It is essential for the holders of the local licence to adhere to the prerequisites constantly. Even though the document is issued for 5 years, Colombia virtual gambling laws indicate yearly reviews of each portal.
• The standard taxation rate for amusement is 15%. It concerns administrators of virtual and retail halls. However, owners of venues that run skill-based pastime (i.e. fantasy leagues) do not have to pay these fees.
• Besides venues with digital slots, it is also possible to build a virtual sportsbook shop. The operational permit acquired in the state covers all manifestations of the entertainment without division to any classes.
• Punishments for avoiding taxes or breaking any other obligations are strict. Immediate fines are imposed on the offender, with the increase of penalty to permit revocation.

These are the key adopted points of the latest decree. Rosloto constantly monitors any potential amendments in Colombia’s gambling laws on the Internet. Our customers do not have to worry about the risk of failing any of these obligations. We propose broad theoretical and practical support for maximising the smooth functioning of the venue. Order our progressive aid to become a trustworthy owner of the dedicated portal.

Legislative Subtleties: Restricted Casino Providers in Colombia’s Market

This up-and-coming region will bring many benefits to operators who decide to start their Internet projects here. Nevertheless, to conduct legal business, it is necessary to know the juridical nuances of this state.

Under current legislation, the activities of some vendors are limited:

• Lightning Box — former Microgaming, Games Global today;
• Greentube;
• Habanero Systems;
• Nolimit City;
• Blueprint;
• Quickspin;
• Relax Gaming;
• Revolver Gaming;
• SkywindGroup;
• Ezugi;
• Spinmatic;
• ELK;
• Evolution Gaming;
• Ezugi;
• BTG (Big Time Gaming);
• iSoftBet;
• Espresso Games.

Initiating a Rewarding Enterprise with a Turnkey Digital Casino in Colombia

The fruitful nature of the activity inside one of the most appealing places is the opportunity to spend almost no effort in its organisation. How is this achievable? Turnkey web casinos in Colombia have been requested at our organisation for years from now. Each became a lucrative venue with its twist and audience. Smart Money proposes to become a respectful owner of such an establishment under ready-made conditions.

Crucial components comprised in the bundle:

1. Elaboration and embellishment of the environment. The build-up of the platform is the first step for an owner to carry out. When venturers want to buy online casinos in Colombia, we always ask what they associate their design with. This idea is then escalated further and is turned into a unique brand created by proficient web developers.
2. Application and approval of licensing. While it is a viable idea to get a provincial permit for work, our clients can pick different options. For an instance, buying online casinos in Colombia and running them with overseas certification is also a great variant. The final decision is based on the customers’ budgets and preferences.
3. Analysis and acquirement of amusement part. Games are an essential matter in any portal of this type. To obtain the finest gambling software in Colombia, an operator can rely on our experts. We cooperate with the acknowledged organisations in the area, comprising Superomatic, Microgaming, CasExe, Playtech, Play’n Go, Amatic.
4. Examination and determination of transactional gateways. The way punters will deposit and pull money on and from the platform acts decisively in the smooth functioning of all digital gambling businesses in Colombia. 2Checkout, Paysera, Atome, EBANX, Mercado Pago are used most frequently, and their presence on the list is undiscussable.
5. Investigation and synthesis of sportsbook elements. It is also possible to open an online betting portal in Colombia or assimilate it with a gaming platform. Our experts will discuss the renting, purchase, or elaboration of the bookmakers’ line for a steady functioning of the venue.
6. Selection and installation of auxiliary systems. The necessity to safeguard users’ accounts with personal information and financial assets is urgent. That is why shielding casino software tools in Colombia will grant maximum insurance. The encryption settings usually include 128- or 256-bit SSL configuration and strong firewalls.
7. Search and recruiting of additional managers. While it is feasible to work and upkeep the venue alone, the number of clients will imminently rise. In this case, a turnkey casino in Colombia becomes immensely helpful. Our recruiters will seek and hire the required adepts to aid the owner in carrying out administrative responsibilities.

Considering that this solution is accomplished by verified experts, a lot of our customers inquire about its performance capabilities. Smart Money offers to review the main KPIs for visible proof of the efficiency:

These are the aspects our clients are intrigued about. Request the turnkey casino offer in Colombia and get these and many other configuration capabilities by a renowned sphere representative.

The Main Things about the Digital Gambling Business in the Colombian Area

The cherished aim of the majority of novice entrepreneurs is to achieve a stable profit with their projects. The applied efforts in the iGaming segment will likely bring it to venturers extremely quickly. Considering that the work on the scheme is supported by expert aid, risks of failure are minimised and chances for success are boosted.

Countries in Latin America are particularly suitable for such work, so when targeting Colombian citizens, a manager should bear in mind that:

• the state has officially brought to life first in the zone iGaming legislation in 2016 and the subsequent enforcement of Coljuegos as a single controlling unit;
• it is still permitted to be a licensor of overseas districts and focus on the citizens of the country;
• purchasing a fully-fledged platform from an aggregator is the easiest and efficient way to a lucrative functioning of the venue;
• the collaboration with such vendors of virtual casino software in Colombia as Superomatic, CasExe, Playtech, Play’n Go eventually results in a smooth performance;
• the possibility to set up the platform in 8 weeks and pay it off completely in 3 months is achievable in case the administrator employs the assistance of an aggregator.

Order the elaboration of iGambling businesses in a Colombian province. Find the contact information on the official page of Smart Money.

Author: Clara Hazel

iGaming business expert