News May 2025
New tax impacts Colombia revenues Legislation
Evert Montero, President of the Colombian Federation of Entrepreneurs in Chance and Gambling (Fecoljuegos), told local media outlet Portafolio that following the implementation of the VAT on online gambling the sector has experienced a 30 per cent decrease in gross gambling revenue, indicating a fall in deposits and a shift in user behaviour. In an effort to counter this decline, platforms
have turned to offering promotional bonuses, temporarily offsetting some of the fiscal burden. However, Montero cautions that this approach is not a viable long-term solution. “Tis strategy has prevented an immediate loss
of customers, but it represents an economic effort that cannot be maintained over time. If the tax policy continues, the financial capacity of operators will be severely affected, compromising
Cosmopol to close doors by 2026 Operator News
It's the end of the road for Casino Cosmopol and land-based casinos in Sweden with the Swedish parliament Riksdag deciding on a change in law that means that land-based casinos will be closed down as they no 'longer serve their purpose.' Casino Cosmopol in Stockholm will remain open until the change in law comes into force on January 1, 2026.
Supplier News ToonieBet pens NHL deal
Soft2Bet's brand, ToonieBet, an online casino for players across Ontario, has partnered with the Ottawa Senators, becoming the NHL team's Official Online Casino Partner. Te partnership will include in-arena and broadcast branding with digitally enhanced dashboards for home and away games, in- rink board signage for home games and virtual slot signage for various games, and a digital inventory throughout the Ottawa Senators site.
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formal operations and the resources allocated for health,” Montero said. According to figures from Fecoljuegos, prior to
the tax implementation, a regular bettor would allocate between COP 150,000 and COP 250,000 monthly for betting. However, with the tax coming into effect, deposits and the average amount per player dropped significantly, recording reductions of up to 50 per cent on some platforms during the
Casino Cosmopol's operations are conducted as a monopoly operation and are governed by the ownership instructions that Svenska Spel has from the owner, the Swedish state. Following the parliamentary decision, the next step is a changed ownership instruction to close and liquidate the casino in Stockholm before the law comes into force at the turn of the year. Svenska Spel closed its casino in Sundsvall in
2020, and in February 2024 the casinos in Gothenburg and Malmö were also closed.
Operator News Aspers reportedly closing
Media sources in the UK are reporting that Aspers UK Holdings Limited, Aspers Group Limited, Aspers Finance Limited and Aspers Milton Keynes Limited have all been placed into administration with staff at FTI Consulting appointed as joint administrators. Administrators were appointed on April 8 and are now pursuing a potential transaction. Te move has led to the closure of Casino MK, located at Xscape in Central Milton Keynes.
Supplier News Bragg invests in RapidPlay
Bragg Gaming Group has signed an exclusive content partnership with RapidPlay, a specialist Brazilian game development studio. Under the terms of the agreement, Bragg receives an equity stake in RapidPlay and has entered into an exclusive commercial distribution agreement with RapidPlay at standard market terms. Te agreement allows Bragg to integrate and offer RapidPlay’s full content portfolio through its base of licensed Brazilian operators.
Vikings relocates casino to La Vannerie Operator News
Te Vikings Casinos Group, bought at the start of the year by the Novomatic Group, will operate the new casino licence for Les Sables-d'Olonne with the gaming floor set to move to La Vannerie. Since 2016, the Normandy group has operated the
Atlantes casino, located on the seafront. However, the premises, adjacent to the city's convention center, are unsuitable for expanding the business. Furthermore, the pedestrianisation of the seafront promenade and the introduction of paid parking in the Atlantes car park have been a serious deterrent for visitors. As confirmed by Journal des Casinos, the future
casino will be built at the northern entrance to the city, on municipal land, on the Vannerie site, where an arena will also be built. Additionally, the establishment will benefit from a gaming room tripled in size.
initial days. Montero explained that this decline is due to the
direct impact of the tax on deposits: “For example, a player who previously deposited COP 100,000 now receives approximately COP 84,000 to bet with, due to the VAT applied on the top-up,” he detailed, emphasising that this reduction has immediately affected users’ betting capacity, generating a significant fall in deposits.
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