Colombia Launches Online Gaming Market with First License to WPlay.co

The nation of Colombia has granted its inaugural internet gaming permit, marking a significant turning point for the country. The fortunate recipient is WPlay.co, a branch of Aquila Global Group, who are poised to launch immediately. They intend to inject a substantial 15 billion pesos over the next three years, targeting one million enrolled users and generating approximately 3,000 employment opportunities.

This is merely the beginning, according to Juan B. Perez Hidalgo, the director of Coljuegos (the Colombian gaming regulatory agency). He anticipates numerous other operators to follow suit, establishing a flourishing sector that embraces cutting-edge technology.

And the possibilities are vast. Coljuegos projects that the recently regulated market could yield a staggering $8 billion in income in its initial year alone, with that figure anticipated to rise as the market develops.

However, this does not imply a lack of regulations. Coljuegos is taking strong action against unlawful operators, with intentions to restrict access to hundreds of websites in the coming days. They are committed to guaranteeing a just and secure market for all.

This initiative extends beyond just wagering, however. It’s about propelling Colombia’s gaming sector into the modern era, generating income, establishing employment, and aligning with global patterns. It’s a daring move, and only time will reveal its outcome.

We are collaborating closely with law enforcement and military officials to combat unlawful internet wagering.

Our goal is for all entities providing online betting in Colombia to operate within the bounds of the law, possessing proper authorization from Coljuegos. Should a platform satisfy our fiscal, technological, and regulatory standards, we are eager to collaborate with them to secure their licensure.