Tag: electronic slot machines

  • Bingo Halls and Casinos in Colombia Increased Their Contributions to Healthcare System by 9.3% in 2025

    Bingo Halls and Casinos in Colombia Increased Their Contributions to Healthcare System by 9.3% in 2025

     

    During 2025, land-based gaming once again became the segment that contributed the most resources to the subsidized healthcare system in Colombia. With an estimated $378,268 billion transferred from monopoly revenues, bingo halls and casinos accounted for 39% of total revenue in the gambling industry.

    The president of Coljuegos, Marco Emilio Hincapié, explained that the increase in revenue is mainly due to the entity’s efforts to combat illegality and to regulate the market.

    “In 2024, localized gaming contributed $345.875 billion, almost $33 billion less than last year. This 9.3% increase in transfers to healthcare demonstrates that the industry continues to experience an excellent period under the current administration,” said Hincapié.

    Similarly, the president of the entity explained that, through Virtual Sports Racing Betting (VSRB), it is expected that localized games will improve their offering and become more attractive to bettors.

    It is worth noting that, to date, there are approximately 109,000 legal electronic slot machines operating in the country in more than 3700 authorized establishments.

    “This increase in revenue would not have been possible without our relentless strategy against illegal gambling. In 2025 alone, we seized 3047 illegal gambling devices in 95 enforcement actions carried out in 15 departments: something never before seen in the state,” Hincapié stated.

    He concluded: “We hope that this year, with strategies like the Machines for Peace, localized games will continue to increase their transfers for the health of the most needy Colombians.”

  • Colombian Regulator Plans to Overhaul Slot Machine Laws in 2024

    Colombian Regulator Plans to Overhaul Slot Machine Laws in 2024

     

    Coljuegos, the Gambling Authority of Colombia, has published plans for a “regulatory project” to overhaul the rules on owning and operating electronic slot machines (ESMs).

    The regulator plans to initiate the project in 2024, a move deemed critical as Coljuegos seeks to terminate the “illegal economy” of unauthorized ESMs operating across Colombia’s 32 federal territories.

    The project is accompanied by a “public comment period” open until 14 December, to allow industry stakeholders and interested parties to submit feedback on initial proposals.

    According to Coljuegos, the project aims to promote “territorial development with the replacement of illegal economies with legal ones, considering the productive capacities of intervened areas.”

    The market size of illegal ESMs is estimated to be worth up to COP 945bn (€220m), accounting for approximately 34% of the total ESM marketplace.

    Coljuegos estimates that 50,000 illegal machines are operating across Colombian territories, causing a significant loss of income to the state.

    The project’s initial requirements call for all venues operating ESMs to certify their business status with Coljuegos. This requirement is essential as Coljuegos will implement new criteria for land-based venues to operate ESMs based on legality, the principle of opportunity, and the promotion of peace.

    “It is imperative that companies wishing to collaborate with Coljuegos comply with this condition to guarantee equity and trust in the selection procedures,” the authority emphasized.

    Once the process is advanced, Coljuegos will publish the schedule, procedures, and other financial requirements for those businesses wishing to operate licensed ESMs.

    The regulator initially proposed to limit the number of machines to 80 per operator, with the exact number dependent on the size of the venue and the population of the local area. The project also outlines the tender’s duration, certification for gaming machines, prize limits, and the identification of technology suppliers.

    From 1 January 2024, Coljuegos will become the central monitor of gambling advertising, and Colombian operators will undertake significant regulatory changes.

    Licensed operators will abide by a new “tiered system” of advertising, whereby the more revenue an operator contributes to the state in taxes, the greater allowance they will be granted to spend on marketing campaigns.