The operational conditions for establishing the internet gambling business in Colombia are appealing to in-state and foreign entrepreneurs. The country appeared to be among the first in Latin America to make the sphere controlled on the national level. It made the process of entering the entertainment sector much easier and advantageous for managers.
The professionals at Smart Money recommend opening a casino in Colombia if a client showed interest in working on this continent. With progressive juridical amendments and experienced support from a time-tested aggregator, the success of the project is guaranteed.
Continue reading and reveal the market background of the country as well as the way to access it efficiently.
The authoritative bodies of the state did not wait for their neighbours to test the favourability of the gaming sector on their premises. In 2016, progressive politicians submitted final Colombian gambling laws, opening the doors to administrators while earning from the taxes. Entrepreneurs immediately started using innovative regulations in their favour.
The crucial details of the adopted rulings:
Enforcing document. The year 2016 was a turning point in the state’s entertainment sector. The previously implemented Law 643 of 2001 received massive amendments. The new commission called Coljuegos also emerged in the result, controlling the iGaming area in the country.
Licence representation. Operators instantly understand the progressive nature of new decrees when they find out how the local commission implements the permit. An entrepreneur who is willing to launch a gaming site or open an online betting portal in Colombia signs a unique agreement called Concession.
Tax implication. The generally established percentage of gross gaming revenue of the entertainment is 17%. Considering that an owner of the platform has the return to player rate of 83% and higher, taxes are installed of 15% on additional content that is to appear afterwards.
Interface requirements. The most strict obligation all operators are imposed is the language of the site. All portals must have their environments be in Spanish. Additional languages are permitted as the auxiliary (administrators prefer English and Portuguese).
Financial systems. For the convenience of the users as well as clear control from the authoritative side, all gaming resources must use distinguished payment gambling software in Colombia. These are the international ones like Visa, MasterCard, PayPal, Skrill, and domestic services Paysafecard, Trustly, Money Matrix.
Unlawful operation. The monitoring of portals hosting citizens with no official permits is conducted by cybersecurity. In case of detected resources of this kind, their owners are banned for at least 5 years and submitted to fines.
Involvement of punters. According to Colombian gambling laws, users of black sites are responsible for their funds in case of a win or loss. It means that visitors of illegal venues are not punished, in contrast to operators.
Local government has done everything to regulate not only land-based but online gambling entertainment to ensure stable taxes and legal interaction. Established requirements turned out to be suitable for almost all providers of content.
Smart Money tracks the situation with one of the most demanded gambling destinations in South America. We offer operators legal and wholesome aid in building an appealing library of content to satisfy local punters.
We filter away restricted suppliers of gambling products:
BTG (Big Time Gaming);
Lightning Box (Games Global (former Microgaming)).
There are still dozens of top-class manufacturers of programming support, despite the absence of these companies among the available partners in Colombia. Smart Money proposes an individual selection of software to match the preferences of operators’ clients.
Order relevant gaming and administrative solutions or inquire about the turnkey elaboration of an entire project at our client support.
Even though the juridical issues are sorted out in the country, novice operators can find it complex to set up the project themselves. Also, besides registration, the web gambling business in Colombia involves covering numerous other essential elements. In this situation, professional assistance from an aggregator Smart Money will be invaluable.
Our company proposes to resort to a helpful solution called turnkey casino in Colombia that comprises the elaboration of the following stages:
The embellishment of the platform
A decently performing gaming site should have a unique design that would make users want to stay longer.
The professionals at the corresponding department in our company consider all aspects of the cultural appeal in the country and adjust the visual orientation accordingly
The presence of top providers of casino software in Colombia inspires potential operators to offer their clients only the finest entertainment.
The managers from our company cooperate with such pioneers of the industry like Microgaming, Greentube, Endorphina, and more to supply the latest games, most suitable for the environment
The amendments to the rulings in the country made it easier to apply for official working permits.
However, the juridical experts at Smart Money shorten the time, necessary to get the document and cut the costs wherever possible
Besides the entertainment content, every internet gaming venue must be equipped with the proper auxiliary instruments.
Our organisation supplies the finest analytical casino software in Colombia that makes the player-tracking functions much easier to implement
The security of personal funds and private information is of the highest priority for the administrator of the portal.
Extensive experience in the sphere and huge technological support help our firm establish the safest entertainment for your punters
Besides the must-have package of services that are comprised in a turnkey casino in Colombia, we also have a proficient marketing department. A manager can additionally order advertising services in the country to guarantee high acquisition rates and ensure relevant retention of established clients.
The cooperation with Smart Money also means:
increased brand awareness on the operational market in the state;
innovative solutions of the iGaming sector as regular updates to your establishment;
swift return of invested resources, ranging around 3–6 months after the beginning of work;
elaboration of a company name, logo, and other visual material necessary for the recognition;
integration of customer relationship management tools for interaction with clients for constant progress;
guaranteed increase in the solvent audience;
the ability to purchase a script of the gaming site and develop it according to personal desires.
Dozens of successful sites have been launched under our precise guidance. Due to close cooperation with the managers, each project ends up with unique features that appeal to a certain public. So, you can freely buy an online casino in Colombia and feel safe about the future profitability of the venue. You will eventually progress from a small starting site to a recognised brand with thousands of fans.
The region of Latin America is extremely favourable for conducting gaming activities. A huge population incentivises entrepreneurs to focus the audiences in different countries. Considering that only a single state has adopted clear decrees in the sphere, buying an online casino in Colombia seems like the ideal variant.
What an administrator needs to keep in mind prior to setting up the operation:
the new rulings were brought to the state in 2016 with a subsequent formation of Coljuegos — a national enforcement body;
all gaming venues that work without a legal permit are banned, pushed away from the market, and fined;
an individual elaboration of the project is possible, but the ability to purchase a turnkey casino in Colombia simplifies the process significantly;
a ready-made solution includes the elaboration of the site, selection of the proper gaming and administrative software, registration of the venue, and additional services per client's request;
the pay-off period of a professionally guided build-up is within the range of 3–6 months.
If you have had any plans of joining the industry, picking the right country is an integral step. Smart Money proposes to kick off an internet gambling business in Colombia due to the extremely favourable environment for managers and prospects of the sector.
Order our services and become an owner of a perfectly elaborated project. Get in touch with us for additional information.