Colombia Gaming and Gambling 2011

With all the changes around the world restricting gaming and gambling, Latin America presents growing opportunities for investors, operators, equipment and technology suppliers and many more within the gaming and gambling industry.

The Latin American region has 33 countries with a total population of circa 569 million which dedicates a large proportion of their income to gambling.

Land-based gaming and gambling activities have traditionally been closely linked to the tourism industry and Latin America is a region which continues to successfully attract tourists every year. Travel and tourism in Latin America in 2010 generated approximately US$200 billion of economic activity and is expected to grow by 5.1% per annum between 2010 and 2020.

It is believed that if both the legal and illegal gaming activities were combined in Latin America it is likely that the region would generate over US$150 billion a year.In Colombia circa US$2 billion in sales are generated by its gambling industry. The betting and games of chance sector reached sales of US$1.5 billion in 2008 and casinos, bingos and slot machines sales of US$ 518.5 million