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  Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia. 




Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.
Publicado: 2023-09-26

There is a lot of concern among gambling and chance entrepreneurs, for example, casinos, about what they have called “the ineffectiveness of Coljuegos,” as they point out that there are nearly 50 paralyzed contracts, and this means that companies cannot operate or make renovations.

 

This has even led to micro-entrepreneurs having to close their businesses, which means harm to them and lay off employees. The serious thing about this is that the resources of this sector are for health, that is, perhaps the most affected by this situation is the health system.

 

 

Coljuegos responded that since Marco Emilio Hincapié (current president) arrived to direct the entity they have "implemented processes to decongest administrative procedures because we found actions that were filed since March and that had not been decided on in substance", specifically, they point out that they have resolved 627 procedures.

 

But Coljuegos acknowledges that it has made requests or requirements for documentary adjustments and support certificates, procedures that, business owners say, many of them are unnecessary reprocesses.

 

Furthermore, they claim that in this process they have had requirements from the ITRC and the Comptroller's Office and that they were also victims of the information hacking attack.

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The Copa America begins, and from the first whistle an increase in bets is expected in Colombia with a scandal of match fixing. 

Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.

According to estimates based on historical data and observed trends, online betting is expected to experience an increase between 30% and 40% during this important continental tournament, about $100millions.

The scandal

Colombian Professional Football, FPC, had a big shakeup on Saturday, June 22, because several referees were fired for allegedly participating in sports betting. This information has circulated through social networks and has already gained strength, taking into account that complaints about bad refereeing in Colombian football have been recurrent recently, so this would make the rumors even bigger.

 

The person in charge of disseminating this information was the arbitration analyst Jose Borda, who published through social networks that more than 10 judges were fired.

 

For the Colombian League 2024-II, the Referees Commission removed 15 judges from the panel, including centre-backs, assistants, VAR and AVAR'S. Machado ‘sold’ some of his protégés to save his position,”

 

The gambling and chance sector in Colombia has demonstrated its economic and social relevance. Until April 2024, online betting has generated a transfer of $30 million to the health sector, representing approximately 40% of the total resources allocated by the industry to health and scientific research. In 2023, this figure reached $200 million.

 






Online Casinos counterattack and suggest modernizing the regulatory body of the gaming industry in Chile. 

Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.

Carlos Baeza Guíñez, founder of Carlos Baeza & Cía. Lawyers and representatives of online betting companies stressed the need to modernize the regulatory body of the gaming industry in Chile.

 

 

Their proposal is to replace the current Superintendency of Gaming Casinos (SCJ), a single-person body with a political appointment, with a collegiate, independent and technical body, similar to the regulators of other countries such as the United Kingdom, the Netherlands, France and Nevada in the United States. Joined.

 

 

This structure, recommended by the OECD, already exists in Chile in other industries, such as the Financial Market Commission.

Baeza highlighted the importance of a modern and efficient regulatory entity. At a global level, superintendencies have evolved into autonomous and independent regulatory agencies, without the political burden that characterizes the current model in Chile.

 

In addition, he maintained, the Organization for Economic Cooperation and Development (OECD) has made recommendations to modernize this structure and its governance.

 

On the other hand, he criticized the underestimation of tax collection by the Ministry of Finance. According to him, the revenue potential of the online gaming industry in Chile exceeds the 50 million dollars calculated by the Government, considering that there are more than 2,000 platforms in the country. Baeza leads efforts to achieve a fairer and more efficient regulatory framework for the online gaming industry in Chile. In 2023, he filed complaints against the SCJ and the Undersecretary of Telecommunications (Subtel) for exceeding their powers.






Colombian gambling sector regulator has transferred a total of $6 million to the Ministry of Science and Technology. 

Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.

During the first quarter of 2024, Coljuegos has transferred a total of $6 million to the Ministry of Science and Technology, resources that will be used to promote and strengthen research, scientific development and technological innovation in the country.

 

 

The president of Coljuegos, Marco Emilio Hincapié, explained that the transfers made to the Ministry come from the total collection of the gambling sector, which is estimated at more than $100 million between the months of January and April of this year. “In addition to transferring to the health sector through different entities, from the entity we are also making a contribution to the transformation and scientific research in our country,” said the president.

 

 

And he added: “This means that, on average, at the end of the year, we expect to transfer more to the Ministry of Science and Technology, which represents about 12% of the total budget of said entity.”

 

Thus, taking into account all the recipient entities, Coljuegos has transferred a total of $100million in the first quarter, and it is expected that, at the end of the year, the entity will reach $300million in transfers for health and scientific research. from the country.

 






São Paulo opens bidding for lottery concessions. 

Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.

The São Paulo government took a significant step two days ago Tuesday (11) about lottery games. An international tender was announced for the concession of lottery services.

 

Thus, the Official State Gazette has already published the decree, detailing all the rules for the dispute between interested parties. Many already consider the procedure as a new chapter in the history of betting in the state.

 

There will be 5 types of bets for the state of São Paulo

Thus, the bidding encompasses five types of bets, each with its own characteristics and attractions. In Timemania, for example, it will allow bettors to choose their favorite teams. In this type of bet, sports predictions involving the prediction of game scores are taken into account, so the bettor’s sports knowledge will make all the difference.

 

But the numerical prediction type lottery, similar to those that already exist and are organized by Caixa Econômica Federal, are completely random, giving much more excitement to the games.

 

Another modality is instant lotteries, also known as scratch cards, where the prizes are immediate.

But this is not São Paulo’s first attempt to privatize these services. In 2022, during the administration of João Doria and Rodrigo Garcia (PSDB), they wrote a similar decree.

 

 

Palácio dos Bandeirantes estimated a concession for 20 years at R$906 million. However, the dispute was suspended by the State Audit Court (TCE). The main reason was the existence of restrictive clauses and the lack of clarity in the economic-financial feasibility study.






Bariloche-Argentina could see its gaming market limited. 

Ineffectiveness and politicization of Coljuegos is leading to bankruptcy of casino operators in Colombia.

One of the most touristic cities in Argentina, Bariloche, could see its gaming market limited, since the Municipal Council will soon be able to debate a recently presented project to prohibit casinos and in-person gaming rooms.

 

The draft ordinance was presented days ago by councilors Leandro Costa Brutten and Julieta Wallace, who hope that the proposal will open debates on problems with gambling, the participation of minors in entertainment offers, among other axes.

 

 

Casinos are prohibited throughout the fabric of the city of Bariloche,” reads the first article of the project, which “aims to reconfigure the facilities for the gaming halls category, which to date have no geographical restrictions,” as reported in Rionegro.

 

 

Given the current panorama, the councilors addressed the challenges that the new regulation would face, since the Argentine company Casino Club has a license from the provincial regulator, the Río Negro Lottery, to operate casinos until 2040.

 

Under this agreement, the government demands from the company a fee set by the province of a payment of 4.2 million dollars and destined for the construction of the new terminal in this city. The proposal is in line with several regulatory projects presented in the Argentine provinces and at the national level, to stop the exponential growth that the gaming industry is seeing in the country.

 





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