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Fecoljuegos holds annual assembly and elects board in Colombia

Regulation

Colombian gambling trade association Fecoljuegos held its 25th members’ assembly during GAT Expo Cartagena, presenting annual financial, presidential and audit reports and electing its board and statutory auditor. The federation also raised concerns about a recently decreed 16% consumption tax on online-only gambling, with its president warning that the tax’s treatment of deposits and gross gaming revenue creates legal and operational uncertainty.

The tax treatment under discussion could affect operating costs and investment conditions for Colombia’s online gambling sector.

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