Twelth Colombian iGaming operator licensed

Colombian regulator Coljuegos has authorised the twelfth online gaming operator, apuestalo.co, owned by Royal Betting Solutions SAS.

apuestalo.co. joins wplay.co, betplay.com.co, colbet.co, zamba.co, codere.com.co, mijugada.co, masgol.co, luckia. co, sportium.com.co, rushbet.co, aquijuego.co and apuestalo.co in the market.

Coljuegos revealed approximately 870,000 players have registered with licensed operators in the lead up to the Football World Cup, an increase of 35 percent.

“The maximum football event has allowed online bets to continue showing their power in the country,” President of Coljuegos, Juan B. Pérez Hidalgo, said.

“Colombians, since the start of the licensing regime in July 2017, have bet more than $ 500,000 million, with deposits on average of $ 20,000, through active licensed operators to date.

“We have also identified that the 5 cities where these kind of bets are most made are: Bogotá, DC, Neiva, Villavicencio, Florencia and Ibagué.”

Coljuegos said it had raised $ 15 billion in operating rights since July 2017 with bets in 2018 having generated an 88 percent increase in revenues compared to the second semester of 2017 ($ 5,362,166,552).

An analysis of the past year of operation shows 85 percent of players are male between 18 and 40-years-old whose main payment of choice is cash (97 percent).

The authority aims to have 17 online operators authorised by year end.