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Venezuela – Online Casinos & Gambling Regulations
The Republic of Venezuela is the sixth-largest country in the South American continent. It is sharing borders with Guyana, Brazil, and Colombia. Venezuela is known as a sun-drenched destination. There are no less than 350 days of sunshine a year! The landscape varies from lowland to mountainous with the highest point being the Pico Bolivar in the Andes with a height of over 5,000 meters. The country also has the highest waterfall in the world, the Angel Falls with a height of 979 meters. On the coast, you will find beautiful sandy beaches with clear blue water where diving and snorkeling used to be popular tourist activities. However, due to the current political climate tourism has almost ceased to exist. This also affected the local gambling industry and its future is unclear at the moment.
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More information about Venezuela – Online Casinos & Gambling Regulations
Currently, casino gambling is only legal at designated tourist zones in Venezuela for locals and tourists. Right now, there seem to be five officially licensed land-based casinos, but it’s hard to verify if they are still open for business or not. The political landscape in the country is consistently changing rapidly, so we recommend researching the current situation before making any plans. In any case, the minimum age for gambling in Venezuela is 18.
Online gambling is not regulated right now, so it is neither legal nor illegal to play at foreign-based gambling sites – instead, there is a legal grey area in the country. It appears like Venezuelans are free to play at international online casinos but, once again, this might be subject to change and we recommend doing your own research before getting started. We also recommend looking for online casinos that are regulated under trustworthy jurisdictions.
- Check the jurisdiction of the online casino
- Does the casino accept players from Venezuela?
- Do you have access to the accepted payment methods?
- Is the casino properly licensed to ensure fair gaming?
- The minimum age for gambling in Venezuela is 18
- Land-based casinos are only legal in designated tourist zones.
We recommend checking out our GoodLuckMate top lists and casino reviews in order to find out more about the best international online casinos that accept players from Venezuela.
Gambling used to be entirely legal in Venezuela until around 2010 when the socialist regime led by Hugo Chávez introduced a couple of major changes. On 17 June in that same year, Chavez outlawed gambling parlors and any casinos that were not located within designated tourist zones. Officially, the new gambling regulations were introduced to crack down on money laundering. The government halted issuing new licenses and only five casinos remained. The law dictates that casinos can only be situated in 5-star hotels with more than 200 rooms. This way the government wants to kill two birds with one stone. They hope to boost tourism and keep the local population away from the gambling facilities as the majority of the locals can not afford to visit this kind of luxury establishment.
Horse racing and betting still seem to be legal outside the designated tourist zones, too, but the situation is not entirely clear. Many local businesses are struggling so this might have affected the horse tracks in the same way as the financial situation of the country is dire.
Before the new laws came into effect the government even licensed two online gambling operators in the country. Rumors suggest that both of them ended up going bankrupt. After that, no new licenses have been issued. Other than that, online gambling is mostly unregulated, and Venezuelan residents are free to access foreign online casinos.
As mentioned above, there used to be two online casino sites based in Venezuela that were completely tailored to the local market. Since both sites have vanished the only option is to play at foreign-based online casinos. Many international gambling sites offer support in Spanish, which is spoken by the vast majority of Venezuelans. Hence, it won’t be hard at all to find a suitable place at which to play. However, it’s worth being aware that not all of these sites accept players from Venezuela. At the ones that do, you can take advantage of all global promotions and bonus offers, but it’s worth checking out the terms and conditions before signing up.
At his point, we are not aware of any online casinos accepting Venezuelan bolívar as a currency. If you want to play online, then, you will have to resort to other currencies such as the US dollar or the euro. You can still make deposits using your local payment methods like credit cards, but you will have to pay a small currency conversion fee. Keep in mind that some cards issued in Venezuela can only be used within the country and might not work online or abroad.
On the flip side, the land-based casinos in the tourist zones accept Venezuelan bolívar and all major international currencies. Currency exchange is also not a problem as these kinds of facilities are commonly found at all hotels that are hosting the casinos.
The political situation in Venezuela is not very transparent right now and, for that reason, it is hard to provide accurate information about the remaining gambling facilities in the country. Some of the places might have shut down in the meantime, but it seems like at least five casinos are still operating as usual. This includes the Casino Alhambra Palace, the Bingo Caribe Plaza, the Casino Marina Bay, the Casino Escubafan, and the Casino Clandestino. All of them are located around the coastal area at popular tourist hotspots such as Playa La Caracola, Barcelona, and Caracas. If you are looking to gamble online from Venezuela you are forced to play at foreign-based casino sites – these are typically regulated in Curaçao, Anjouan, St. Kitts, and Costa Rica, for example.