Coljuegos said Rush Street’s new license was valid for a five-year term, for which the company has agreed to pay US$5 million, the highest sum Coljuegos has imposed to date on an online licensee .
Colombian regulator’s president, Juan B. Pérez Hidalgo, said Rush Street’s license “confirms the great interest of the private sector” in the Colombian market, which became the first South American jurisdiction to formally regulate online gambling in 2016.
Hidalgo had previously stated that he hoped to have approved 20 online licensees by the time the 2018 FIFA World Cup kicks off. But by now only 10 licenses were announced
As of April, Colombia’s online gambling licensees had registered over 614,000 local customers, who have collectively wagered over US$26.2 million with Colombian sites.
Rush Street, which operates four US land-based casinos and a New Jersey-licensed online casino (PlaySugarHouse.com) recently announced a US-facing sports betting partnership with European technology provider Kambi.
Source: GMB / Calvin Ayre
