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It was estimated that 20 percent of all gambling activities in the country was illegal. ETESA, by , had stretched out operations to more than nine settings, recharged 22 existing contracts identified with gambling undertakings, and issued around 10 new gaming licenses in the country. It was in that Law was provided to perfect those flaws regarding slot parlours, casinos and bingo halls. According to article 5 of Decree of , the board — linked to the Ministry of Finance and Public Credit — is in charge of all gambling operations in the country. Search the site. Lastly, casinos and gambling facilities in Colombia are enormous. English-speakers are usually the ones with this confusion, and now Colombia a nation with almost 50 million citizens is letting you know the correct spelling. Gambling tax revenue went up as high as percent. First, they started disassembling unlicensed gambling facilities and activities. In , however, illegal gambling facilities were still as profusely widespread as illegal drug trafficking. At the time, Argentina and Colombia rivaled to become the leader of the South American gambling industry. Ultimately, slots are the most patronized games in Colombia. Colombia Casinos.{/INSERTKEYS}{/PARAGRAPH} With 24 gambling facilities, Bogota is the largest gambling city — while Casino Rio Pereira is the largest casino. Colombia is often described as the Cocaine Capital of South America , and—sometimes—the world. The idiosyncrasy of Pablo Escobar is an everlasting stain, yet Colombia is more than a hotspot for drug making, dealing and trafficking. Regarding this, the then-Colombian government tried to repurpose their taxes and laws, and things were taking a positive turn. Also, there were 20, unlicensed slot machines out of the total 65, It was a success. Gambling in Colombia is more than just casinos, as mentioned earlier. Slot parlours were the major hit of the disassembling process. All the casinos — 87 in total — are spread throughout 26 Colombian cities. It became legal around and when a series of presidential decrees were passed. Everything worked as planned. However, government switched up taxes and laws — which led to many racetracks being closed indefinitely. In all honesty, gambling had a rough start in Colombia. Although gambling fought instability for some decades even after legalization, gambling in Colombia today comes with much relaxing and enjoyable atmosphere. The expo is widely known and attended by industry figures across South America. In fact, horse racing tracks alone employed nothing less than 40, Colombians when it emerged. But that was not enough to organise and properly supervise gambling facilities in the country. There are gambling facilities offering sports betting, horse and dog racing tracks, bingo, poker, live poker, raffles, and lotteries. The success was refreshing for the government. Further, they took security to a whole new level by ensuring that all slot machines operating in Colombia must be connected to a secure server provided by the central government. {PARAGRAPH}{INSERTKEYS}Far too often, people confuse the spelling of Colombia. The same paramilitary organizations that supervised or, rather, plagued Colombian citizens for years also supervised most of the gambling activities in Colombia until In , the then-present Colombian government restructured the disturbed Constitution. Currently, Colombia has more casinos and gambling facilities than all South American countries except Argentina. Of course, gambling is perfectly legal in Colombia. The board successfully destroyed the greater percentage of illicit gambling facilities while promoting licensed counterparts. Similar to most South American casinos like those in Chile and Peru , Colombian casinos are mostly attached to big hotels. But, it was replaced by a fresh and better gambling board called the Coljuegos, in Upon establishment, the Coljuegos board instantly tackled the flaws in the system.