Colombian gaming regulator, Coljuegos has published the 2018 financial report, which indicates an increase of 9.8 per cent in online licensing and exploitation rights reaching over $37 billion (approx. US$ 12 million).  Total gaming licensing and exploitation rights were worth COP 574 billion (approx. US$185 million), an increase of 10 per cent. Sixteen online licensees are currently active in the market with a total of 1.5 million active, and 1.9 million registered players recorded at year end which predictably peaked in June 2018 during the Russian Football World Cup.

The rate of return was 89 per cent with $ 1.6 billion in prizes awarded and wagers totalling over $1.8 trillion, Coljuegos revealed.

“This outstanding performance of online games is due to the articulated work between Coljuegos and the online gaming industry,” Juan B. Pérez Hidalgo, president of Coljuegos, said.

“Although Colombia was the first country in the Americas to regulate these games, innovation in the different platforms does not slow down and is consolidated as an important entertainment alternative for Colombians, which is also making an important contribution to financing the health of Colombians.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.