12/11/2023 0 Comments Casino on line venezuela![]() ![]() ![]() However, the sector is not without new developments. You would think the country’s economic woes have slowed down the development of the betting and wagering sector. Especially, considering that as hard it is to believe, Venezuela used to be the richest country in South America at one point./ Comment: 4 casinos, UPDATE 2021: 5 casinos, in a country of 28.8 million are indeed very few. There are only 4 casinos left open in the country. UPDATE COVID-19: Most gambling establishment are either closed due to the coronavirus pandemic, or the have gone out of business due to the ongoing severe economic collapse, and runaway inflation (13,864.6% inflation in 2018). ![]() These were granted a special permission by the local authorities (and there was a lot of corruption, and organized crime involvement as well…), and that’s how they were allowed to operate./ Comment: Even though gambling was officially made legal in 1997, there were gambling establishments operating in the country prior to 1997. Gambling is legal in Venezuela since 1997 (officially the Bolivarian Republic of Venezuela, with a population of 28.8 million), according to Law No. ![]()
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