The South American nation of Colombia has made a major move in overseeing internet betting by granting its initial permit to WPlay.co, a branch of the Medellin-based Aquila Global Group. This pivotal ruling establishes WPlay.co as the nation’s first entirely legitimate web-based wagering platform.
The firm intends to make substantial investments in the Colombian market, with forecasts of roughly 15 billion pesos over the upcoming three years. They have ambitious goals, aspiring to acquire one million registered users and generate approximately 3,000 positions within their contract timeframe.
Coljuegos (the Colombian gaming regulatory entity) president, Juan B. Perez Hidalgo, stressed that this is merely the starting point. They anticipate numerous other operators obtaining licenses, cultivating a thriving and contemporary online gaming sector in Colombia.
Preliminary assessments from Coljuegos indicate that this recently regulated market could produce an impressive $8 billion in income during its inaugural year, with projections of even greater figures as the market develops.
However, it’s not solely about embracing new participants. Coljuegos is also taking strong action against unlawful gambling websites. They have revealed intentions to restrict access to as many as 325 websites in the near future, conveying a clear message that they are resolute in upholding regulations.
Pérez Hidalgo emphasized that this endeavor is not just about financial gains; it’s about directing funds towards societal well-being in Colombia. By providing inventive and regulated gaming choices, they aim to remain aligned with global patterns and furnish a more secure substitute for illicit platforms. He recognized the difficulties of combating illegal operations, particularly in the constantly changing online realm, but expressed their dedication to establishing a protected and accountable gaming atmosphere for all Colombians.
We collaborated closely with the National Police Force and the Department of Defense to combat illicit internet gambling.
Should your website adhere to all Coljuegos regulations but lack a permit, obtaining one is achievable! Simply contact the representatives at Coljuegos to establish a franchise contract. Let’s ensure online gaming remains equitable and transparent.
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