Manne wrote:
It’s not a secret that there a host of opportunities waiting in Latin America for businesses, especially online gambling. For a few years now, many of the biggest players in the iGaming industry have had their sights on the growing Latin American market.
Santiago Asensi, an expert attorney in gaming and gambling law, said the industry is looking particularly at three countries—Mexico, Brazil, and Colombia.
“They’re focusing in Mexico, which is about to approve a reform in the gambling act. Brazil, who’s also about to pump up and regulate gambling finally, and particularly Colombia,” Asensi told CalvinAyre-com.
Many governments in Latin American continued to have outdated laws that address online gambling. Colombia, however, is different, according to Asensi.
“[The] Coljuegos, which is the regulator there, has powers in order to approve their own regulations so the regulation will definitely not be sent to Congress and discussed there, whatsoever. It will be the same regulator the one who will approve them,” he said.
Asensi also noted that Colombians have a healthy appetite for gambling, making the country a prime market for online gambling operators.
“[It’s] a jurisdiction with a lot of interest in terms of population. They have their own particular games like Baloto, like some kind of lotteries, a lot of lotteries like Keno, but at the end of the day, most of Colombian like [the] same casino games [and] sports betting that Europeans like,” Asensi said.
In comparison, Brazil—also an area of interest for online gambling operators—continues to have a slow bureaucratic system that has yet to pass a legislation for national reform regarding gambling.
“Things are going slower there than in other jurisdictions,” Asensi said. “I believe that we’ll need to wait and see, but right now it’s too early. It’s in very preliminary stage, everything.”
Online gambling opportunities in Latin America : CalvinAyre-com
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2014/04/23
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On Monday, the Malta Gaming Authority (MGA) announced that it had “no connection with betmod90 The MGA offered no details on its announcement, saying only that any references on the Turkish-facing Betmod90 site to being licensed by the MGA were “false and misleading.”
On Thursday, the MGA announced that it had suspended the remote gaming license of GLX Services Ltd. Here again, the MGA offered no further information on the rationale behind its decision, except to say that its silence was justified so as “not to compromise any investigations that may need to be performed” by the MGA “and/or any other competent authority.”
The MGA did say that sites operating under the MGA/CL2/432/2007 license were to “immediately suspend all gaming operations,” stop registering new customers, suspend all website transactions and to submit all data and documentation requested by the MGA.
The MGA/CL2/432/2007 license had previously been listed under the name Yosware Limited, a Malta-based company whose associated domains included Gobet33-com, Yosplay-com and Gamejoins-com. A search indicates that Gamelux-branded sites also cite this MGA license number.
Most of these sites appear to be focused on the Italian market, opening up the possibility that the suspension could have something to do with that country’s recent bust of illegal online gambling operations, although none of the above sites have so far been cited by Italian authorities in relation to last week’s police action.
A similar Italian bust last summer led the MGA to suspend the licenses of several Italian-facing operators, which prompted the affected licensees to threaten legal action if the investigation turned up no evidence of chicanery. One year later, the suspended licenses have yet to be reinstated.
Malta Regulator Suspends Online License of GLX Services Ltd | Online Gambling News : CalvinAyre-com