Online gambling in Latin America makes up about 4% of the entire world’s gaming revenue. Things are definitely looking good for gaming software providers in Latin America. Most analysts feel that within the next 10 years, this market could begin competing with the European online gaming market. Entain Debuts As First Online Gambling Operator In Latin America. December 11, 2020 at 11:49 am by Jimmy Reinman. Sports betting and gambling company Entain has officially launched by expanding its worldwide brand. The company GVC Holdings has rebranded as Entain, and announced they secured a license to operate in Columbia on Thursday. As with many other countries, any regulations preventing online gambling in Latin America are usually aimed at stopping casinos from operating rather than the players. Huge companies such as 888 Casino and 22Bet are open to players from certain Latin American countries, so players from this region should have no issues accessing high-quality gaming options! As mentioned above, Colombia is the only country in Latin America with a fully-regulated online gaming market. The first Colombian online gambling license was issued by the Colombian gaming regulator Coljuegos in June 2017. Moreover, the Colombian government allows citizens to gamble on foreign-based gaming sites. Colombia is in fact so liberal when it comes to online gambling that the country’s capital Bogota welcomes an online gambling expo each year. The coronavirus pandemic has accelerated discussions across Latin America regarding gambling laws, particularly in Argentina, Colombia, and Brazil. Before the coronavirus pandemic, Colombia was leading the trend in terms of gambling regulations, having legalized regulated iGaming in 2017. Since March, however, several countries are tourism industry and Latin America is a region which continues to successfully attract tourists every year. - The existing telecoms infrastructure and Internet and mobile penetration levels in Latin America, provide interesting opportunities for mobile, Internet and Interactive TV gambling applications. It is also the first Latin American country to approve a regulated online gambling market in late 2016, and it’s still the ONLY fully-regulated online gambling market in Latin America. With the help of such regulatory movement, the Colombian government has successfully cracked down on almost 3,000 illegal gambling operations, hoping to shed light on a more systematic online gambling system. Brazil is absolutely the big prize. Online operators are circling, licking their lips at the prospect of Brazil's massive 210 million population (as of 2018) accessing online gambling sites. It would certainly be the icing on the cake for LatAm, which has slowly but surely been embracing online betting, country by country. This special report provides an introduction to online gambling regulation in Latin America. It includes GamblingCompliance’s forecasts for the estimated size of Brazil’s newly authorised sports-betting market, while taking a closer look at Colombia and recent laws to regulate online gambling in the province and city of Buenos Aires, Argentina. Latin America is one of the emerging markets for online gambling, but the legality around gambling varies greatly from one country to another. Daniel Bennett, who is a casino expert with plenty of experience in international gambling, shares some insight into the state of gambling in Latin America.
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