PokerStars exits Online Gaming market in Colombia

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PokerStars exits Online Gaming market in Colombia

Recently Coljuegos, a Colombian online gambling regulator, had started blocking sites that were offering real-money gambling in the country unlicensed. This is the first step taken by the gambling regulator to ensure that Colombians play at licensed casino sites. The decision to block gambling sites came just before online gambling was legalised in the country.

On that list of sites to be blocked is the leading poker room giant, PokerStars. Since these developments, the brand has decided to leave the gambling market in Colombia. Communication has been sent to players, making them aware that as of July 17, the site will no longer accept Colombian players.

PokerStars also explained that they do not have a license to operate legally in the country. However, they will work on acquiring the license which means that there is a possibility to enter the Colombian online gambling market.

pokerstars exits online gambling in colombia

Playing it Safe

Since 2011, when this leading poker room provider was initially charged with illegally offering its services to US players, they have been playing it safe. Now they only operate in regions that are considered regulated or grey markets. Colombia was once a grey market because it did not have laws in place to regulate online gambling.

There are over 300 casino websites on the list that the Colombian government will prevent from offering real money gambling services.

Online Gambling Legalisation in Colombia

The South American country has issued their first legal online gambling license to a local company. This came after the government decided to legalise gambling online. Aquila Global Group will be the only brand that offers legal internet gambling to Colombians until Coljuegos decides to issue licenses to other brands.

Players will be able to play casino games and make sport betting wagers from this service provider. Sports betting can be done on the website.

Colombia is also the first Latin American country make online gambling legal.

By | 2018-03-12T11:54:31+00:00 July 19th, 2017|Uncategorized|Comments Off on PokerStars exits Online Gaming market in Colombia

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