increased revenue<\/a> the industry is witnessing are providing benefits to the government. Coljuegos has been able to deliver 22.15% more to health programs than it did a year ago.<\/p>\nGambling Outperforms the Economy<\/h2>\n The gambling ecosystem is producing better results despite a slowdown in Colombia’s overall economic growth. That slowdown, according to analysts with BBVA Research, is the result of the deteriorating state of the construction industry, especially in regard to public infrastructure projects.<\/p>\n
Analysts anticipate a modest 1.2% growth rate for this year, with a slight improvement to 1.5% by 2024. Although these projections are positive, they give rise to concerns regarding the velocity of the economic rebound.<\/strong><\/p>\nThere could be a gradual decline in inflation rates by the year’s end, according to BBVA Research, with the Consumer Price Index projected to reach 9.7% in December. This downward trend in prices is expected to prompt Colombia’s central bank to lower interest rates progressively. Consequently, by the conclusion of 2023, interest rates are anticipated to settle at 12.5%, gradually decreasing to 7% throughout 2024.<\/p>\n
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Meanwhile, the housing sector is still grappling with ongoing obstacles, particularly concerning its workforce, which is dwindling and may require downsizing as a consequence. Analysts believe that if the national employment growth experiences a potential decline in 2024, it might result in a marginal rise in the rate of unemployment alongside decreased wages.<\/p>\n<\/div>\n
Given these challenges, strengthening investments in agriculture, health, and education is imperative, according to the BBVA report. It seems the gambling industry will be able to provide some support<\/a> as well.<\/p>\n","protected":false},"excerpt":{"rendered":"Gambling in Latin America continues to increase, and Colombia is reaping the rewards. Despite what some financial analysts are calling a recession in the country, Colombia’s gambling ecosystem added over 15% to last year’s revenue. Across the first eight months of the year, Colombia saw a significant increase in gaming revenue. Coljuegos, the country’s gaming […]<\/p>\n","protected":false},"author":64,"featured_media":292553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,81884],"tags":[82161,84148,81904],"acf":[],"yoast_head":"\n
Colombia's Gambling Ecosystem is Becoming More Profitable - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n