Alfabet and Teclino latest to secure Colombian iGaming licences

Alfabet and Teclino latest to secure Colombian iGaming licences

Tuesday, September 11, 2018 Posted by News Team
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New licensees to operate under the Betalfa.co and Rivalo.co domains

Colombia’s online gaming market continues to expand, with local operator Alfabet and Teclino, a subsidiary of the Curacao-licensed operator Matchserv Solutions, the latest to secure licences. 

The country’s gambling regulator Coljuegos has handed three-year licences to Alfabet and Teclino, which will offer real-money gaming under the Betalfa.co and Rivalo.co domains respectively. 

The contract awarded to Alfabet, a Cali-based operator, is valued at COP$2.1bn, while the Teclino contract has a total value of COP$1.9bn.

The two new licensees join twelve already-licensed brands in the regulated Colombian market, WPlay, Betplay, Colbet, Zamba, Codere, Mijugada, Masgol, Luckia, Sportium, RushBet, Aquijuego and Hazlo.

“More and more gaming sites with strong technical foundations are being licensed,” Coljuegos president Juan Perez Hidalgo said. “This shows national and foreign companies that there is a regime in place that they can trust, which provides clear regulation and opportunities for those that meet the technical, financial and legal requirements.

“This expands the portfolio of games, technologies and services available, and increases resources for the health of Colombians.”

Perez Hidalgo noted that the latest statistics, for the year to July 30th, showed there were 977,000 registered accounts, with revenue of COP$16.59bn generated for the period.

However, the regulator also warned that illegal gambling remained a clear and present danger. 

“All Colombians must remember that illegal gambling is a crime, which may lead to prison sentences of between six and eight years, and fines of COP$234.37m for each establishment, point of sale or seller,” he said.

By the end of the year, Perez Hidalgo said he expects at least 17 operators will have secured iGaming licences, while Coljuegos would continue to work closely with the National Police and Ministry of Information and Communications Technologies to block unlicensed websites.

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