Colombia has welcomed local operator Inverstark SAS as its seventh licensed online gambling site.

On Monday, Colombian gambling regulator Coljuegos announced that the Medellin-based Inverstark, an operator of gaming venues and supplier of land-based gaming technology, has launched online operations under the Masgol.co domain. The site is currently limited to sports betting and bingo products.

Coljuegos said Inverstark’s online license was valid for a five-year term, with an accompanying price tag of COP3.2b (US$1.12m). In the month of December, Coljuegos generated revenue of COP41.8b, of which COP1.6b came via its online licensees.

Coljuegos president Juan B. Pérez Hidalgo said Monday that the regulator was currently vetting two additional online applications, although he stopped short of indicating when these new licensees might be identified.