The gaming regulator of Colombia, Coljuegos, has approved a measure to introduce live-dealer online casinos into the country. Following an exhaustive review of the activity’s revenue possibilities, the change is being made and Coljuegos should make it simpler for operators to get started, as it has approved a deferral of fees associated with the virtual gambling operation.
In part, the decision to move forward with the plan comes in response to the ongoing coronavirus pandemic which forced the global casino industry to a standstill. Coljuegos, which introduced online gaming in 2017, derived its proposals from research that were carried out on similar projects in the United States, the United Kingdom. And Spain, which found that iGaming’s live-dealer adds an external revenue source rather than cannibalising existing options.
Needless to mention, the latest plan would also have to fulfil all current regulatory requirements. But the good news is that gamblers will now have a more immersive gaming experience involving live dealers and the nation will have access to additional financial capital, as well as additional opportunities for jobs. Foreign operations will also be permitted, as long as they follow the regulatory and technical requirements for online gaming in the country.
Coljuegos should make it easier for operators of both live and virtual casinos to help get projects off the ground, and to mitigate the financial strain created by COVID-19. For a six-month period, the brick-and-mortar operators will be able to pay their March and April fees and will have to temporarily cut the number of gaming devices they sell for the same duration. For March, April and May, virtual casinos will still have to make monthly payments, but these have been will by 50 percent. As an additional aid measure, contractually agreed minimum benefit rates or fixed gross income payments are suspended by the end of the year.
Rush Street Interactive (RSI) is excited about the change. In June 2018, it joined Colombia, the first U.S .- based player to do so, and began adding online casino games and a sportsbook. It will now carry live-dealer blackjack and roulette to complement its offerings, depending on NetEnt gaming solutions provider for the endeavour. RSI Colombia’s GM, Omar Calvo, expressed its satisfaction with the expanded collaboration, adding, “NetEnt’s Blackjack and Roulette games are already among the most popular table games on our sites in the U.S. and we know players in Colombia, who appreciate top quality table game content, will love playing these games online at RushBet.co.”