The Andean Gaming trade Show, which will take place in Bogota, Colombia on April 11 and 12, is especially attractive for manufacturers and distributors given the favorable conditions that the country presents mainly due to political stability, judicial security and economic indicators.
A recent report by the Inter-American Development Bank praises the situation of Colombia within the context of the international financial crisis. The entity believes that correct measures were taken in Colombia at the appropriate time. Tax and monetary management and the increase of tax collection show that the strength of the Colombian economy is real. And according to information from Banco de la Republica, the direct foreign investment figures in the country reached a record amount of US$ 10,800 million in 2011.
The scene of the gaming industry is very encouraging in Colombia since the creation of COLJUEGOS, the new regulating agency that replaces former gaming supervisor ETESA which is being phased out. The intention of the Colombian executive is to substantially increase gaming levies that go to the Health services, from $400,000 million (Colombian pesos), about US $220 million, to something like US$ 1.1 billion per year.
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This new stage in the development of the Colombian gaming industry will lead to the adaptation and modernization of the national industry to the new technologies that prevail in the world, seeking to eradicate any form of illegal gambling in the country, allowing the creation of new companies, expansion of existing operations, and more important, enabling new investment in the industry during the years ahead.
COLJUEGOS has the task of implementing online control systems in Colombia’s gaming operations that will see the need to replace in excess of 60 thousand gaming devices thereby improving the quality operation standards in Colombia. These and other changes in the development of the gaming industry in Colombia and other Andean countries consolidate FADJA 2012 as the leading regional trade show. (E-01.20.12)
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