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Concessions to have horse race betting are often good for approximately ten years. Gambling companies is also lawfully operate in Colombia on condition that they get regional permits, in cases like this concession agreements. Unlike various other jurisdictions, in which each kind out of playing pastime demands a different enable, Colombia has adopted a single-licenses framework. The program spares providers the hassle out of making an application for personal it allows for each and every betting classification. Anywhere between 1810 and you can 1991, Colombian regulators tolerated betting properties even though such as issues just weren’t but really lawfully approved. Inside 2001, government entities commercially legalized playing to operate a vehicle criminal issues out and control the brand new corruption which had a lot of time beset the brand new market.
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