Latin America
Stake Colombia will compensate its users by covering the 19% VAT

Stake Colombia announces that starting today, it will compensate for the 19% tax on cash deposits made on its online betting site. Stake Colombia will cover this tax and credit it back to its players in their user accounts. This allows its clients to continue enjoying their favourite gaming activities without worrying about the additional tax.
Diana Otálora, General Country Manager in LatAm commented: “At Stake Colombia, our users are our top priority, and that’s why we have to adapt to the government’s measure regarding the 19% tax and comply with the required deadlines. Therefore, we are adopting internal measures so that our customers can continue playing without being affected by this situation.”
To reduce the impact of this new measure, Stake has created the Cashback IVA“ promotion, which will reward users with a bonus equal to the amount discounted for VAT on their deposit. The bonus will be credited as a cash bonus to the user’s account and will be available once the deposit is made.
“For instance,“ she continues, “if a user deposits 100,000 Colombian pesos, the 15,999 Colombian pesos of VAT will be deducted as established by the government, but Stake will grant a bonus for those same 15,999 Colombian pesos so that they can play with the total amount of their deposit.
Stake Colombia remains committed to ensuring its users enjoy an uninterrupted high-quality experience. Therefore, it guarantees that Decree 0175 will not affect the bets or winnings that users obtain on the site.
The Colombian government issued the temporary Decree 0175 of February 14, 2025, which came into effect February 22nd, and will extend until December 2025. The nationalgovernment’s action plan aspires to raise $3 billion to address the humanitarian crisis in the Catatumbo region.
Latest News
Betsson Group Inaugurates its Second Office in Latin America

Betsson Group has inaugurated its second office in Latin America, located in Buenos Aires, Argentina. This expansion strengthens Betsson’s commitment to the Argentine market, reinforcing its focus on local expertise and sustainable growth.
Argentina has emerged as one of Betsson’s fastest-growing gaming markets, supported by technological advancements, innovation, and key strategic partnerships. The company actively engages with the country’s vibrant sports culture, sponsoring top-tier football clubs, including Boca Juniors and Racing Club. These partnerships, along with the new office, underscore Betsson’s long-term investment in building a strong local presence.
“In opening this new office, we reaffirm our commitment to Argentina and the broader Latin American region. Argentina is a key market for us and this expansion reflects our dedication to sustainable growth, driven by the talent and expertise of our employees. We are confident that their skills and passion will help us continue providing responsible entertainment while strengthening our position in the region,” said Jesper Svensson, CEO of Betsson Group.
Betsson Group currently holds licenses in five Latin American markets: Argentina, Brazil, Colombia, Mexico, and Peru. The company’s strong growth in Argentina has contributed to Latin America accounting for 26% of Betsson’s total revenue in Q4 2024, highlighting the region’s importance in Betsson’s global strategy.
The Argentine market continues to grow rapidly, driven by increased digital adoption and innovation in online gaming. Betsson’s localised approach, combined with technological advancements and strategic partnerships, has positioned it as a leading player in the country.
Since 2008, Betsson has been expanding in Latin America. In June 2024, a subsidiary of Betsson AB secured its first local licenses in Peru, strengthening its position in the newly regulated market. More recently, in February 2025, Betsson obtained a Brazilian license, reinforcing its long-term commitment to Latin America’s largest gaming markets.
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CT Interactive Officially Enters the Brazilian Market

CT Interactive has officially entered the Brazilian market, with their premium gaming content now live at Meridianbet Brazil. This milestone marks a significant achievement in the company’s global growth strategy and further solidifies its presence in Latin America.
Following the successful certification of the portfolio for the Brazilian market, players can now access a selection of the top-performing slot games, recognized for their engaging gameplay, innovative mechanics, and high-quality design. The collaboration with Meridianbet Brazil ensures local players enjoy a seamless, immersive gaming experience tailored to their preferences.
Antonio Donov, Head of Business Development EMEA and Asia at CT Interactive, said: “We are thrilled to officially enter the dynamic and fast-growing Brazilian market, which is a great validation of our company’s adaptability and continuous expansion. This launch reflects our dedication to providing top-tier entertainment while meeting the highest industry and regulatory standards. We look forward to growing our footprint and delivering outstanding gaming experiences to Brazilian players.”
“We are thrilled to further expand our strong partnership with CT Interactive by entering the dynamic Brazilian market. Having already achieved great success together across multiple territories, we are excited for this new chapter and confident that our collaboration will bring even more value and entertainment to our players,” said Kristina Dimoski, Global Account Manager.
Latin America
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