Codere Online Suspends New Investments in Colombia Over Fiscal Policy
Colombia.– November 21, 2025 – www.zonadeazar.com Codere Online announced that it will halt all new investments in the Colombian market due to the current tax framework applied to the online betting sector. The company will maintain its existing operations in the country but will freeze expansion, product development and budget allocation until a more competitive and predictable model is established.
Overview
The company explained that Colombia’s present tax structure places regulated operators at a significant disadvantage when compared to other Latin American jurisdictions. According to Codere Online, the fiscal pressure is high enough to inhibit reinvestment and discourage long-term growth. Although the company continues operating within the regulatory framework, its strategic focus will shift toward markets where the tax burden supports sustainable operations.
Colombia has long been considered a pioneering success story in Latin American regulation. However, recent fiscal adjustments have changed the underlying economics of the industry, impacting profitability and restricting investment opportunities that were once part of Codere Online’s expansion plans.
Details / Context
Codere Online highlighted that the fiscal load not only reduces margins but affects competitiveness against international operators that enter the region with lighter structures or hybrid models. Maintaining operations without investment is viable, but growth becomes unattainable under the current conditions.
The decision occurs amid political and regulatory discussions that could reshape taxation and operational conditions across the industry. Companies that invested in technology, compliance, marketing and local employment now face a scenario that diverges significantly from the business outlook they once forecast.
From a corporate standpoint, predictability is essential. The lack of a stable fiscal model complicates planning, prevents strategic expansion and undermines the possibility of reinvestment in innovative tools such as safer gambling systems, customer engagement platforms and responsible gaming technologies.
Subtopics
1. Impact on regional strategy
Codere Online’s stance sends a strong signal to other companies operating across multiple jurisdictions. As a result, the company will prioritize markets such as Mexico, Spain and Central European regions where fiscal structures are more stable and aligned with long-term investment.
2. Sustainability of regulated operators
The company warned that an excessively high tax burden can harm the formal sector, empowering unregulated operators that do not comply with consumer protection standards. Ensuring that regulated channels remain competitive is essential for maintaining integrity and responsible gaming practices.
3. Effects on the local ecosystem
A slowdown in investment affects the broader ecosystem: affiliates, suppliers, media, payment platforms and technology providers depend on sustained operator activity. Reduced investment may lead to fewer innovations, fewer campaigns, lower job creation and less variety for Colombian players.
4. Signal to regulators across Latin America
Codere Online’s decision operates as a benchmark for the region. Latin America is undergoing rapid regulatory expansion, and fiscal models that overburden licensed operators can cause capital flight, reduce technological investment and weaken the local digital infrastructure.
Future Outlook
Codere Online stated that it will monitor the evolution of Colombia’s regulatory and fiscal landscape. Should the government revise its tax framework toward a competitive and investment-friendly model, the company is open to reconsidering its growth strategy. Achieving this will require coordinated dialogue between authorities, operators and industry associations.
Colombia now faces a key question: how to secure tax revenue while promoting a sustainable iGaming industry that attracts investment, encourages competition and protects players effectively. International experience shows that balanced tax models generate stronger markets and ensure long-term viability.
For now, Codere Online will remain in the country without pursuing new projects, awaiting the stability that once positioned Colombia as a regulatory leader in the region.
🔗 Editó: @_fonta www.zonadeazar.com