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Colombia’s Gaming Regulator Focuses on Slot Machines in Latest Initiative

Colombia’s gaming landscape painting could live inward for a shakeup as Coljuegos, the country’s gaming regulator, unveils plans to come up to the go forth of unauthorized expansion slot machine operations. The initiative follows a tumultuous yr for Coljuegos, which has gone through trio presidents since January.

The regulator, aiming to kerb potential revenue losses, estimates that as many as 50K unauthorized one-armed bandit machines may be inward procedure crosswise the country, costing Republic of Colombia about COP945 one thousand million (US$238.14 million). This fig represents one-third of the full legal gaming market.

In response to this growing concern, Coljuegos has proposed a serial of measures to play unauthorised one-armed bandit political machine operations under control. However, it hasn’t in time revealed how it plans on enforcing the young measures.

Fewer Illegal Slots, Smaller Prizes

One Florida key facet of the design involves mandatory registration for all one-armed bandit operators, excluding licensed casinos. Under the proposed regulations, these operators would live modified to a upper limit of 80 slots, with the specific list contingent upon(p) upon the size of the venue.

The regulator is also considering the first appearance of limits on the amount of prizes offered by these slots, aiming to standardize and order the industry further. Additionally, unexampled rules governing the supply of one-armed bandit engineering inwards the country are on the table, aimed at enhancing lapse and ensuring compliance.

Coljuegos has opened the floor for manufacture feedback on these proposed measures, but the window for commentary is limited. Stakeholders and industry players hold until this Th to supply their insights and perspectives on the possible changes.

After receiving and analyzing the feedback, the regulator testament lead off rolling come out the updated rules, laying out unexampled financial obligations, and publishing entropy on approved venues. That listing will include only when unexampled entities, significance none that don’t already work on with Coljuegos.

Coljuegos’ Revolving Door

The crackdown on unauthorized expansion slot trading operations aligns with Coljuegos’ allegiance to improving the integrity of the gaming industry in Colombia. It’s also the modish attempt by the regulator to establish itself. It has dealt with several issues this year, including claims of corruption, that make chipped outside at its image.

Part of the issue has also been the revolving door at the pinch of the organization. The yr started with Roger Carrillo Ocampo serving as Coljuegos’ president, but he left hand after in public criticizing the government.

Upon his resignation in May, Sammy Libos Zuniga stepped in. At the time, he was serving as the Deputy Director of Fiscal Policy of Colombia’s Ministry of Finance and Public Credit. While it was revealed at the clip that Zuniga was entering on an interim cornerstone only, thither was a chance that the economist would also be presumption a permanent position.

That changed inwards July when Marco Emilio Hincapie Ramirez, a attorney and the former GM of the Bogota Lottery, became the third chairman of the yr upon his naming by Republic of Colombia President Gustavo Petro. Hincapie is also the fourth president to serve well since the entity was founded inwards 2012.

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