Colombian gambling and gambling regulator Coljuegos has announced Cesar Augusto Valencia Galiano as its new president. The choice also received the approval of the Ministry of Finance and Public Credit of the country.
The appointment will see Valencia Galiano replace Juan Pérez Hidalgo, who resigned last week after a significant mandate with the launch of the regulated igaming market in Colombia.
The appointment will see Valencia Galiano replace Juan Pérez Hidalgo, who resigned last week after a significant mandate with the launch of the regulated igaming market in Colombia.
During his time at the company, the professional held numerous executive positions and was recently serving as vice president for Central America and the Caribbean.
In addition, he also assumed the presidency of the same segment association for the Caribbean, Central and South America (ACCCSA) on two occasions.
The appointment comes after Coljuegos, earlier this month, revealed that the Colombian government has collected more than COP 2.8 trillion (about € 647 million) in taxes on gambling and betting since 2015.
About 668 billion Colombian pesos (around 155 million euros) were generated by the industry in 2019, an increase of 76% compared to the amount obtained in 2015 at the beginning of the exploration of the national market.
About Coljuegos
Coljuegos is the Director of the Income Monopoly of the Games of Luck and Chance in Colombia. It was created by Decree 4,142, of November 3, 2011, linked to the Ministry of Finance and Public Credit, and started its activity on April 16, 2012.
The body aims to administer and issue rules that favor the legality of the igaming market in Colombia.
Therefore, the entity operates directly in Localized Games (casinos, bingo halls, sports betting and virtual races); New games (Baloto-Revancha and Súper Astro Millonario), national lotteries and promotional sweepstakes.
