User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active

Gambling Regulators in Colombia Accused of Сorruption

Gambling Regulators in Colombia Accused of Сorruption

The top executives of Colombian gambling casino regulator Coljuegos were arrested on corruption charges.

31 individuals had been arrested in three cities following raids on a dozen establishments suspected of offering illegal gambling activity. Police seized nearly 200 slot machines based in small venues operating under the Coffee Hub brand.

Among those detained were Diego Rafael Pérez, a current vice-president of Coljuegos, along with the regulatory body’s former president Rodrigo Vélez, and six other current Coljuegos execs. Also detained were Germán Mongollón and César Torres, each of whom formerly served as president of Etesa.

Luis Gustavo Moreno, anti-corruption director at the Public Prosecutor’s Office, said the execs had been under investigation since March 2016 following the results of an audit that began the previous year. Moreno accused the execs of improperly awarding gaming licenses to “paper companies” in exchange for financial benefits totaling $756,000.

198 machines seized during this week’s raids were originally seized years ago when Etesa was still in existence but Etesa failed to destroy the machines as required by law and the slots operator was somehow able to convince Coljuegos to return the machines.

There are an estimated 40k illegal video slot machines operating in Colombia. Earlier this month, Coljuegos reported that authorities had seized 676 illegal slots since the start of the year. Illegal gambling casino operators can face prison sentences of up to eight years.

Colombia is one of Latin America’s more progressive gaming jurisdictions, having approved legislation last October to oversee all forms of online gambling. Two weeks ago, Coljuegos announced plans to block the domains of 325 international gambling operators the regulator deemed to be serving Colombian punters without authorization.

Related articles

System to Win at Roulette
In reality, winning gamblers at real money casino win because they know the few sacred principles of gambling and they...
One of the largest gambling casino developer Playtech proudly announced the launch of a spectacular new slot game Tiki...
Rules of the Game Baccarat
Baccarat is an intriguing game of chance. Live casino and online casino offer this game to their clients. Player...
Most Expensive Poker Chip Worth $ 7.5 Million
The Guinness World Record for most valuable poker chip was installed Toronto jeweller Gerald Lewy. The poker chip...
Baccarat Glossary
Baccarat is one of the most popular table games of prestige and elegance that often takes place in the online and live...
Fibonacci Betting System for Roulette
The Fibonacci roulette betting system is based on the prominent mathematical sequence, which dates back to the 12th...