Venezuelan Casinos

Venezuela is one of the world’s gambling jurisdictions, and the brick and mortar industry is heavily regulated. However, the sector is far from thriving due to the numerous economic problems currently being faced by the state. These issues stem from high levels of corruption by government officials, state of political unrest, and a large percentage of the population languishing in poverty. Most research studies indicate that about 76% of the Venezuelan population lives under the poverty line with 15% of them living off the waste products of companies. This sad state is predicted to worsen with time considering no measures are being taken to curb the issue.

The casino industry in this nation is further frustrated by the fact that the leftist government monopolizes it. Brick and mortar gambling destinations are the main targets of this monopoly, and one needs a license to run such an establishment. However, operating licenses are hard to acquire, and the government has only handed them to a few providers such as five-star hotels with more than two hundred rooms located in prime tourist destinations. Even after the acquisition of a license, heavy VAT and tax duties have to be paid to the government, which makes running such a business problematic.

With such a poor state of running, the Venezuelan casino industry finds it hard to keep up with other South American economies that are raking in good figures in gambling revenue. In Argentina, for instance, the gambling industry accounts for about three and a half billion of the government’s revenue. Chile and Colombia also have flourishing casino industries with their annual revenue recorded at about seven hundred and sixty million dollars and six hundred million dollars respectively.

Even with the suppression being faced by the location-based industry, online gambling is alive and flourishing in Venezuela. No laws in the nation’s constitution speak specifically about online gambling, which makes it somewhat legal. Even though no online casino operators run their business locally, punters are free to create accounts in foreign sites that accept players from the region.

Bonuses for Venezuelan Players

The provision of bonuses and promotions has been a common practice since the onset of online gambling, and today it is considered part of the casino culture. Venezuelan casinos are ardent providers of incentives similar to those availed in the rest of the globe. Even though each casino tables unique offerings for its players, most of them fall in common categories such as:

• Match promotions

Match promotions meet the amount deposited by gamers by a specific percentage of money. A 100% match promotion, for example, rewards a player’s deposit of five hundred dollars with an additional five hundred dollars. This bonus is mostly given in deposit bonuses such as the welcome and reload bonus. Each entity states the lowest and highest amount that they can match. The offer is also mostly accompanied by other bonuses such as free spins or chips.

• Free Spins

Free spins are the most provided bonuses in online casinos, and they are aimed at slots enthusiasts. Free spins allow the reels of a slot to be spun without placing a bet, but the winnings collected are considered real money. The free spins packages can carry as little as five to as many as one thousand spins depending on the casino.

Popular Venezuelan Casinos

Venezuela online casinos are mostly international casinos that are run from different jurisdictions. The open nature of the web gambling market makes Venezuela a prime target for these entities, but the fact that a huge percentage of the population is languishing in poverty makes it hard for any company to invest in the country’s industry. Some of the best gaming sites that accept members from Venezuela include:

• Casino Adrenaline

This gambling destination came to rise in 2014 under Danguad Limited Casinos. The entity is licensed by Curacao eGaming and has its Return to Player rates publicly audited by independent bodies. The site can be translated into several jargons, but Spanish is not included, which is the official language in Venezuela. Therefore, one will have to opt for browser translators.

Casino Adrenaline has hundreds of games listed in its portfolio, and they are provided by top-tier gaming software developers like:

Sets by these companies range from slots and table games to video poker and specialty games. A live dealer section is also included for those who would like to enjoy the brick and mortar gambling experience online. Playing for real money in Casino Adrenaline earns new players a 100% match promotion of as much as 150 euros.

• Betfair Casino

Betfair is one of the most recognized brands in the European gambling market, and it accepts Venezuelan players as well. The gaming site started running in 2000, and it has risen steadily ever since to be labeled one of the best gaming destinations. This Venezuela casino is licensed by the UK Gambling Commission and Malta Gaming Authority, which goes a long way in certifying its legitimacy. These licensing bodies are among the strictest and apply tough laws for the protection of their citizens. Even though Venezuelan players cannot enjoy their client care services, their seal of approval is enough indication that the site is fair. However, Betfair RTP rates are not publicly audited.

Betfair Casino offers have an array of bonuses and promotions for its members, starting with a no deposit bonus of twenty-five free spins. Once a real money deposit is made, players can claim a one hundred percent matchup of up to one hundred euros or pounds, and the amount can be used in all casino games. Another package can be claimed of a two hundred percent match promotion of up to four hundred euros or pounds, but it can only be used to play in slot machine games. One hundred free spins accompany the two hundred percent matchup.

• William Hill Casino

William Hill is among the oldest gambling brands having been established back in 1934. An online version of the land-based establishment was set up in 1998 and has maintained its position as a top dog ever since. The fact that the William Hill brand has managed to survive decades in this industry is an indication that their service provision is headed in the right direction. Players can enjoy a massive collection of over four hundred games, with slots accounting for the highest number. Table games like roulette, blackjack, and poker are also well provided in several variations. Live dealer games can also be enjoyed in this gaming site, and the category houses the highest stake limits in William Hill which go as high as ten thousand pounds.

William Hill has been licensed by the UK Gambling Commission and Gibraltar Regulatory Body. These licenses are some of the hardest to acquire, and they uphold strict rules for the safety of players. William Hill further assures players of information security with the installation of an SSL digital encryption system that keeps data in an unreadable form.

Mobile Gambling

A big percentage of the Venezuelan gambling population uses their smartphones and tablets to access online casinos; this is facilitated by the fact that mobile devices are cheaper and more convenient option to desktop computers, and most gaming sites have made their software compatible with the gadgets.

Payment Options

Popular online money transfer modes such as Neteller, Skrill, Visa, PayPal, and MasterCard are accessible in Venezuela. These channels can be used for both deposits and withdrawals in most gaming sites.

Final Remarks

This jurisdiction has a long way to go before its gambling industry catches up with those of its neighbors such as Argentina and Colombia. Even so, citizens of the state can register in hundreds of international casinos and stand a chance to win lucrative amounts of money and claim an array of bonuses.