PokerStars Pulls Out Of Colombian Online Gaming Market
We recently reported on Colombia being the first Latin American country to issue a regulated online gambling licence. This followed the publishing of a blacklist of operators which was aimed at giving local operators a chance to compete with illegal offshore operators.
PokerStars have just issued an email to their Colombian players stating that they will no longer be able to play real money poker as of Monday 17th of July “due to local licensing requirements.” This follows the local gaming regulators enforcing their blacklist of operators. Players will still be able to enjoy free-to-play games in Colombia.
In a statement PokerStars did leave the door open to return to real money poker in Colombia when the climate allows. They said they have been, and will continue to be in positive and proactive discussions with Colombian officials and hope to resume activities in Colombia soon.
Colombia’s gaming regulator Coljuegos published a list of 325 unlicensed online gaming operators. PokerStars were reportedly not happy with the regulator requiring them to have servers in Colombia as well as the inability to share liquidity with other jurisdictions.
While Coljuegos have claimed that a regulated Colombian licensing system would bring in a lot of tax revenues to the government, many are questioning if large operators will also not be happy to comply with restrictive conditions like PokerStars.