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Colbet to Launch Online Casino Operations in Colombia Soon

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Colbet to Launch Online Casino Operations in Colombia Soon
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Colombian sports betting and online gaming brand Colbet is preparing to launch online casino operations in the Latin American country. ColBet will undergo a shedding to assume the name of its majority stakeholder Betsson.

Colbet's sports betting vertical contributes to 80% of the company's revenue. Soccer, tennis, and basketball are the most popular betting markets. The expansion of Colbet’s online casino offering to around 400 game titles from a previous 25 would further boost its iGaming presence. ColBet received approval from the country's gaming regulator Coljuegos in 2017 to become the fourth legally licensed i gaming firm in the nation.

Colbet will launch online casino operations in Colombia soon.

Coljuegos' numbers show that casinos' growth levels are above 100%.

Colbet is rebranding itself to Betsson and plans to launch an online casino in Colombia soon. Betssons acquired a 70% stake in Colbet in July 2020. The Nasdaq Stockholm-listed group had already strengthened its footprint with the acquisition of Incabet in Peru and a joint venture with Big Bola Casinos in Mexico.

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