This particular vertical was approved through legalization in April and, after the impact assessment, Coljuegos has finalized that there is very minimal overlap with online and land-based casino players, meaning that the introduction of this vertical won’t affect land-based casinos negatively.
New Frontiers in Colombia
Just days before the decree was signed into law, the regulator has confirmed that licensees will be soon able to provide live dealer casino games in Colombia.
Coljuegos has announced that despite some opposition of this new regulations by the land-based sector, this move will improve visits to brick and mortar casinos.
In addition, land-based casinos will be allowed to stream games like blackjack and roulette live from their gaming halls in collaboration with online operators though in-house players will not be allowed to play alongside online punters.
Venues that do not have table games, such as gaming halls, will additionally be able to provide live dealer content through terminals.
Live dealer division is expected to help increase the revenue to a market that was impacted badly by the recent COVID-19 pandemic.
Major sporting events around the world have been suspended and the gambling industry has been affected by the health crisis. The introduction of live dealer segment would ensure the market is able to get funds for the country’s health system.
Firms may broadcast games from foreign jurisdictions, provided their products meets technical specifications set by Coljuegos. Each product must be certified by a testing house, and ensure a return to payer rate of 83% over every year.
NetEnt has used their partnership with Rush Street Interactive to go live in Colombian regulated market. Rush Street’s Omar Calvo has commented on the occasion by saying that its roulette and blackjack games are already one of the popular table games on their sites in the US, and there are several players in Colombia who appreciate top quality game content and who will enjoy playing these games online.