Coljuegos, the official Colombian gambling regulator, has set out the list of regulations ahead of live dealer market launch in this South American country.
This particular vertical was approved via legalization in April and, after the impact assessment, Coljuegos has concluded that there is very little overlap with land-based and online casino players and this means that the rolling out of this vertical will not impact land-based casinos negatively.
Merely days before the decree was signed into law…
…the regulator has announced that licensees will be soon able to offer live dealer casino games in Colombia.
Coljuegos has said that, despite some opposition of this launch by the land-based sector, this move will boost visits to brick and mortar casinos.
Also:
Land-based casinos will be permitted to stream games such as roulette and blackjack live from their gaming floors in partnership with online operators though in-venue customers will not be permitted to play alongside online gamblers. Venues that do not have any table games, such as gaming halls, will also be able to offer live dealer content via terminals.
Live dealer segment is expected to help drive the revenue to a market that was hit badly by the recent global health crisis.
All major sporting events have been suspended and the gambling sector has been impacted very negatively by this. The launch of live dealer segment would ensure the market is able to generate funds for country’s health system.
Providers may broadcast games from foreign jurisdictions, provided their content meets technical specifications set by Coljuegos. Each title must be certified by a testing house, and ensure a return to player rate of 83% over each year.
NetEnt has used their alliance with Rush Street Interactive to go live in Colombian regulated market.
Rush Street’s Omar Calvo, has remarked on the occasion that its blackjack and roulette games are already among the most popular table games on our sites in the United States and we know players in Colombia, who appreciate top quality table game content, will love playing these games online.
Source:
“Colombia Adds Live Casino To Regulated iGaming Offering”, gamingintelligence.com, May 18th 2020