OLE!bet Launches Successfully In Latin America

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OLE!bet, a new mobile sportsbook, and casino, successfully launched in Latin America. The new platform is a new online destination for sports fans in the region. The launch proves expert projections of the growth of the global online gambling market.

Online gambling is projected to grow to $90.36 billion during the period spanning 2020-2024. Experts saw the industry’s potential to grow as digitalization increases along with the growth in the number of smartphone users.

Analysts projected that online sports betting would contribute the biggest share in the global online gambling market, followed by casinos, poker, and bingo. Mobile gambling will dominate the global market, followed by desktop and tab apps. The strong start of OLE!bet will contribute to the success of the online gambling industry.

OLE!bet launches strong in the region

Latin America is one of the biggest and most promising online gambling markets in the world.

The region is known for its love for gambling, and the success of online gambling is evident. Ole!bet started by offering hundreds of weekly in-play live events.

Gamblers can play more than 2,000 online slots from their 16 suppliers or enjoy their live blackjack and roulette. The platform offered various payment methods, and gamblers can ask support from its mobile-friendly customer support chat available 24/7.

The platform is available in Spanish and Brazilian Portuguese to ensure a more local experience.

The platform allows financial transactions using Visa, Mastercard, Skrill, and Neteller. Gamblers can withdraw funds quickly using instant payment options like E-wallets.

OLE!bet is owned by BOSS. Gaming Solutions, a Malta and Curacao-based licensed company. Boss retained its status as one of the leading global online gaming operators. Jeff Letlat, CEO at Boss.

Gaming Solutions said the launch of the new sports betting and online casino platform continues its strategy of reaching an international player base. The company aims to bring a mobile-first experience in many parts of the world.

Novel coronavirus boosts online gambling in Latin America

The rapid growth of the online market in Colombia, reaching nearly $100 million, paved the way for the fast approval of licenses for live-dealer casino games and the government’s change of heart towards other internet-related gambling options.

The lockdowns imposed by the government boosted the growth of the online gambling market.

The stay-at-home mandate of the government trapped people in their homes, and online related entertainment were their only option. Sports betting and online casinos gained popularity in Latin America, and subscribers in many platforms surged during the prolonged lockdowns.

Land-based casinos in Colombia shut down doors to clients in March because of the threat of the novel coronavirus. The casinos were allowed to resume business following strict health and security protocols to prevent the spread of the deadly disease.

Recently, the Colombian government allowed the biosecurity guidelines to be followed by the gambling facilities. The country’s Ministry of Health released a resolution that outlines the policies to be followed by casinos and bingo halls. The casinos were mandated to adopt a coronavirus prevention plan.

The resolution allowed the local authorities to initiate the pilot programs to resume operations of their gambling facilities.

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