Venezuela Casinos Online
Being an amazingly beautiful country, situated on the Atlantic Ocean, Venezuela could have become a real paradise for the gambling tourists from all over the world. However, suffering a lot of restriction and a rough state control, the legal gambling in the country is limited to horse racings, sports bettings, and lotteries. With the hope to win at least some money for a living, the local people are very much engaged in the different kinds of lotteries, which successfully flourish all over the country. Such situation is provoked mainly by the extreme poverty and recession Venezuela currently faces.
The development of Venezuelan online casino has stopped at its initial stage when two Venezuela casino sites were proclaimed bankrupt. As of today, the country doesn’t have a proper legislation regulating online gambling Venezuela residents love so much. It doesn’t issue licenses, but, it doesn’t prevent the locals from accessing the overseas online casino Venezuela.
To save your time SlotsUp prepared a list of the best online casinos for Venezuela players, each of which features valid license, decent game collection, and a user-friendly interface. This article is dedicated to the specification of criteria for you to take into account while choosing the best online casino Venezuela. Also, you will learn about the history of the gambling and read about its legislation. After that, we promise you will be armed to the teeth to choose the most reputable and safe online casino Venezuela real money to experience a wonderful game!
Best Online Casino accepting players from Venezuela
Online Casino Sites in Venezuela
If to compare Venezuelan casino online market to other countries of Latin America, it is ridiculously small. Online casino in Venezuela was represented only by two legit companies, CasinoOnAir and Casino Bar, located outside the country, on Margarita Islands. They have targeted mainly the tourists, as both of them featured solely English language. However, currently both internet casinos in Venezuela are out of operation, so the Venezuelan gamblers have to look for another option to play.
The overseas gambling websites aren’t banned, so the devoted players can easily access any of Venezuela friendly online casinos and enjoy the play. Fortunately, there are a lot of reputable Venezuela accepted online casinos, which feature world-known license, nice game collection, generous bonuses and fair payment methods.
SlotsUp is happy to present you the top 10 online casinos Venezuela players can enter: Roxy Palace, 10Bet, 32Red, Betway, Casino Euro, Cherry Casino, Dragonara, Go Wild, Party Casino, and Rizk Casino. The given array can easily be named the top rated online casinos Venezuela residents can enjoy, as the software providers the games of which these gambling platforms feature are simply gorgeous. Among them, there are such titans as Microgaming, NetEnt, Evolution Gaming, Betsoft Gaming, IGT and more. If you are a passionate player, you definitely know what it means.
Accessing these top 10 Venezuela online casinos, the gambler will find himself in a magic gambling world of amazing graphics, breathtaking scenarios as well as super visual and sound effects. Poker and baccarat, various types of roulette and outstanding table games, decent sportsbook and, of course, online slots Venezuela gamblers love so much – all these are carefully provided by the top Venezuelan online casinos we have chosen specially for you! For Venezuela gamblers, who are not yet ready for serious real money game, SlotsUp ensures an option of Venezuelan free slots, which can be played directly at our website, with no need to be redirected somewhere else.
If you want to choose the best Venezuelan casino online by yourself, here is a list of criteria you should pay attention to before making a decision:
Venezuela casino games online are actually the main reason why the gamblers are looking for the best online casino for Venezuelans. The decent gambling website should feature a correspondent variety of slots, poker, roulette, baccarat, table games and more. But it is not only about the number. It is about quality. The best Venezuela casinos online games own nice graphics, top-notch quality, and an excellent plot.
The game collection is important, of course, but while choosing the best casino online Venezuela residents are welcomed to, it is its license what really matters. It guarantees the casino is legit and can be fully trusted. All Venezuela online casinos from our list are checked for the adequate license and you can be sure you will experience a reliable and a safe game.
Before accessing the gambling website you have chosen by yourself, it is highly advisable to double check the license the VEF online casino you have picked on, owns. This information is usually indicated on its website.
Deposit Options Array
Venezuela best online casino always cares for the convenience of its fans. It usually has a decent array of language options to choose from. While playing online casino games Venezuela residents are recommended to pay attention to the variety of payment methods it provides. Credit and debit cards, e-wallets, bank transactions – the best paying online casino Venezuela should have as many variants as possible for you to feel on a safe side while making deposits and withdrawals. Especially withdrawals.
Each Venezuela casino online, which claims to have the status of the best one should provide its visitors with excellent support level. Don’t forget to check the ways you can apply to the website support service. Usually, it can be contacted by phone, e-mail or live chat. Mind, that the reputable gambling website operates in 24/7 mode.
Venezuela Mobile Casinos
Almost all the new Venezuela online casinos ensure an option of mobile gaming. If you can’t imagine your life without gambling on your smartphone, don’t forget to check how the website will look on the smaller screens.
Now, having learned a lot about what you should pay attention to while selecting the best website to play online casino Venezuela residents have access to, you can definitely make a right choice. But don’t wager too much at once – try your luck for free on our website first and then be sure you can do it for real!
Online Gambling Laws and Regulations in Venezuela
Since the VEF casino market is relatively small in comparison with the global gambling community, it can be suggested as well controlled. But when it comes to the online gambling laws Venezuela authorities don’t pay enough attention to this concept and don’t issue licenses for the local websites. It affects safe online gambling Venezuela a lot since the state can’t protect its residents, who gamble carelessly. Taking into consideration the increasing level of poverty, the absence of online gambling Venezuela legislation may cause an uncontrolled wagering at dingy websites.
SlotsUp recommends you to carefully read the information about the legal online casinos Venezuela players are invited to. Also, you will learn about the online gambling authority Venezuela owns as well as about the legal principles of safe online casino Venezuela. Want to know more? Keep reading.
How is Venezuela gambling regulated?
Venezuela hosts several land-based gambling entities, operating under the state license. They are fully legal and offer such game types as poker tournaments, national lotteries and bingos. Venezuelan gambling is regulated by the National Committee for casinos, slots and bingo halls. The horse racings are regulated by La Superintendencia Nacional de Actividades Hípicas. Lotteries are controlled by the Comisión Nacional de Lotería.
Is Venezuela online gambling legit?
The question is online gambling allowed in Venezuela is pretty widespread among the tourists, who are dedicated gamblers and packing their bags to visit this country. If to talk about online gambling industry Venezuela had only two representatives of this sphere. However, the given Venezuelan online casinos are closed now. And, if to talk about online gambling license Venezuela authorized body, the National Committee for casinos, slots and bingo halls, doesn’t issue one anymore. There is no special online gambling law in Venezuela regulating internet gambling and online gambling Venezuela legal bodies don’t seem to issue one in the nearest future.
Despite this fact, Venezuelan online gambling laws don’t prevent the local gamblers from accessing the overseas websites to experience a great play. However, the Venezuelans must be very careful while choosing the legitimate online casinos Venezuela players may enter since they won’t be protected at a state level. A special attention should be paid to the payment methods the online casino real money Venezuela provides in order not to be trapped and to lose your money. Of course, you can use our list of the best online gambling sites Venezuela residents may easily enter. But, if you want to try your luck at the other websites, make sure these are reputable online casinos Venezuela gamblers can safely gamble at.
What is gambling age in Venezuela?
For the brick-and-mortar entities the legal gambling age in 18. Since there are no Venezuelan online casinos, the concept of age for local websites isn’t specified. If to talk about the online gambling age Venezuela identifies it as 18 for the overseas websites.
When it comes to online casino Venezuela legal authorities don’t control it to ensure a fair play to its residents. To play safely, the locals should carefully choose legit websites for gambling online in Venezuela.
History of Gambling in Venezuela
Venezuela gained its independence in 1830. In spite of its long-anticipated freedom, the country faced terrible civil and political chaos due to the rule of the caudillos. After Venezuela got rid of the given local military strongmen, who controlled the country, the state managed to carry out its first democratic election in 1958. In 1980-1990 the country is being undergone severe economic crisis, so the VEF casinos definitely weren’t on the list of the state concerns. Until 1997, there was no rule or law which would regulate Venezuelan gambling market. In 1997 by Law on the control of casinos, slots and bingo rooms, the state allowed operation of brick-and-mortar casinos in case they are located in the tourist area of the country and hosted by the 5-star hotel, owning more than 200 rooms. Taxation system was also introduced. The gambling sites should have paid 20% of the total profit. It was extremely overwhelming, so many gambling entities had to stop their activities.
Venezuelan president, Hugo Chavez, who took its office two years later, totally ruined the local gambling industry. Many gambling entities had to close their doors because of numerous restrictions and bans he passed. The residents lost their jobs, tourists forgot this once gambling paradise, the economy suffered a lot. Under his rule, the corresponding bodies stopped to issue gambling licenses.
Hugo Chavez’s follower, Nicolas Maduro, didn’t cancel the brutal restriction of his predecessor, so they still have power. Due to the strict governmental gambling policy, a great part of gambling business exists illegally. According to the researchers, conducted in 2009, almost 80% of the total population of the country takes part in the local lotteries, provided both by legal and illegal operators. To solve this problem and to lead the gambling in Venezuela to a new level, the British company Managed Gaming Solutions (MGS) in cooperation with the local lottery provider Grupo MVTV CA launched the relatively new mobile lottery. They were granted a license by the local government, offering completely transparent ticket sale procedure, which can be audited by the state bodies to make sure they operate in accordance with all the terms and standards. This was only the first step in this long-term cooperation. The companies are planning to launch more casino games to prove the gaming in Venezuela can be qualitative and safe.
If you are looking for the authentic Venezuela internet casino, your attempts are useless. However, there are a lot of Venezuela approved online casinos, which support Spanish language and happily welcome Venezuela residents. The best online casinos for Venezuelans are listed above for you not to waste your time seeking. But we are sure there are a lot more reputable online casinos accepting Venezuela players. Just mind the license, check the reviews and make your own collection of the top online casinos for Venezuelan players.
Predictions About the Future of Online Gambling in Venezuela
Venezuela cannot be named an extremely gambling-friendly country when it comes to the online casino VEF. With only several brick-and-mortar sites, which are happy to welcome mainly tourists, the country definitely needs changes to be introduced to its legislation in order to give a possibility to the new online casinos for Venezuela players to be established. The first steps in this direction have already been done.
According to the latest reports, the revenues from gambling business in Latin America is expected to amount to 3,330 million USD in 2021, compared to 1,410 million USD in 2015. The flexibilization of government regulations is one of the main drivers for the global online gaming market in the countries, the gambling industry of which generates great benefits, but at the same time holds great risks for its players. Online casinos are one of the preferred options for Venezuelans because of the economic and political crisis that the country is currently experiencing. However, they carry significant risks for online players, as this sector is still not regulated.
We don’t know whether the situation is going to change positively soon. But you always have our top 10 Venezuelan online casinos, combined by SlotsUp in one unique list. It features both well-known gambling websites and a newly-created Venezuela online casinos 2018. You may use it to choose the best online casinos for Venezuelan players to try your luck. Each casino offers an outstanding game collection, including desktop and mobile slots Venezuela players just adore. So read the Venezuela online casino reviews, kindly provided for you to be completely on a safe side and to find exactly what you wanted. Plunge into a world of the best Venezuela online casino sites to find that one and only to have a time of your life and make a fortune!