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Albanian president signs new law that restricts gambling

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Albanian-president-signs-new-gambling-law Albanian president signs new law that restricts gamblingReading Time: 1 minute

 

Albanian President Ilir Meta has put his signature in the new gambling bill in the country to make it part of the law. The new law, titled Law No. 75/2018 On Several Amendments and Changes to Law No.155/2015 On Gambling in the Republic of Albania, aims to crack down on all forms of gambling.

The new law will come into force on 1 January 2019.

The proposals of the new legislation were proposed by Prime Minister Edi Rama and were unanimously approved in the Parliament during voting, with opposition members boycotting voting process.

The amended law bans all casinos and other physical gambling facilities from operating in residential areas. Casino gambling will only be allowed at five-star hotels and tourist areas around the country. Slot machine halls and other venues providing gambling services will have to relocate to city outskirts or close in order to comply with the recently approved changes.

Prime Minister Rama did not spare online gambling, as well, in his effort to curb the proliferation of gaming and betting activities in his country. Under the amended law, all betting and casino operations provided remotely will have to shut down.

Source: CasinoNewsDaily

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Albania’s new betting regulation could bring betting monopoly

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Albania’s-new-betting-regulation Albania’s new betting regulation could bring betting monopolyReading Time: 1 minute

Albania is planning to introduce new betting regulation, which includes some radical proposals. First, sports betting will be banned in residential areas. Electronic casinos will also be relocated. The most important proposal is that there could be a state-monopoly on sports betting so that the state can effectively control gambling in the country.

“We are considering the possibility of treating sports betting and betting on races as a state monopoly and allow their operation by specially set up state structures,” a government report says.

Until now, gambling is privately run and generates over €130 million in income yearly, employing around 7,000 people. However, it could soon be partially turned into a state-run activity as sports betting would be controlled by the government, as it happens in many other European Union countries.

According to Prime Minister Edi Rama, upcoming changes – to be enforced as of January 2019 – will limit gambling and generate an extra €700 million in household consumption. However, there’s some opposition from the Democratic Party, which voiced its concern over gambling, and the government, allegedly being linked with organised crime, accusations that have been quickly dismissed by the majority.

Source: FocusGN

Source: Latest News on European Gaming Media Network

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49 gamblers turn millionaires in 2017 in Bulgaria

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National Revenue Agency (NRA) of Bulgaria has reported that 49 gamblers in the country became millionaires in 2017 alone. The agency has also stated that the total winnings from gambling received Bulgarian gamblers in 2017 amounted to BGN 627 million.

The report also indicates that as many as 13,447 Bulgarian gamblers have won more than 5,000 BGN last year.

The biggest winning was 9,815,422 BGN, and the game is not specified. The second biggest winning amounted to BGN 7.9 million, the third place was 5.7 million BGN. The other TOP 10 winners of the ranking have won from 4 to 5 million levs, the NRA reports. A total of 49 Bulgarians have become millionaires due to gambling last year with their winnings over 1 mln BGN.

80 Bulgarians have won between BGN 500,000 and BGN 1 million. Most gamblers, 12,395 people were lucky to receive winnings between BGN 5,000 and BGN 100,000.

The NRA statistics is not segmented by type of gambling because such information was not collected. However, it is clear from the tax agency data that the biggest winning was paid by companies which are the lottery operators.

The National Lottery has paid more than 5,000 levs to 6,209 people, according to official data from the NRA. Eurobet has provided such prizes to 259 people, New Games reported about 672 winners.

Since the lottery operators are required by law to pay out at least 50 per cent of the value of the bets, it can be concluded that turnover of lotteries is about BGN 1 billion in Bulgaria.

 

Source: E-PLAY Online

Source: Latest News on European Gaming Media Network

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BetGames.TV expands further in Bulgaria with Winbet

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BetGames.TV, one of Europe’s leading providers of live games has signed the second deal with a Bulgarian operator in the space of a week. This time the company has signed a deal with Winbet, a betting service provider. It must be noted that BetGames.TV signed a deal last week with another licensed bookmaker in Bulgaria.

As per the deal, Winbet will be expanding their current gaming portfolio with BetGames.TV’s complete suite of live presented games, including Bet on Poker, Bet on Baccarat, Dice, Dice Duel, Lucky5, Lucky6, Lucky7, War of Bets and Wheel of Fortune, both online and retail.

Aistė Garnevičienė, BetGames.TV COO said: “Following our recent deal with the first licensed bookmaker in Bulgaria, Betgames strikes again! I am happy to announce that we have signed a long term partnership with another licensed bookmaker in Bulgaria – Winbet.”

“It is a comparatively new player in Bulgarian market but already gained trust among local players by offering a wide range of bet types on almost all sports events and attractive bonuses. Therefore, I am confident that our unique live games portfolio will definitely scale their online presence and drive revenue growth.”

“Partnering with BetGames.TV marks an important step in our ambition to expand further,” said Petar Penev, Manager of Business Development of Winbet.

“From the very beginning, we have been impressed with the quality of BetGames.TV live games, so we are excited that their games are now available to Winbet’s gaming clients. We look forward to a good and long partnership.”

Winbet has been on the market in a relatively short time, but for the years in which it operates, it has won a number of successes and great popularity among Bulgarian fans of legal gambling in the country.

As far as gaming rooms are concerned, they have a ten-year history and currently exceed 36. Until now, Winbet has been developing steadily, demonstrating excellent casino lounges and a perfect online betting system.

Players enjoy a huge variety of gambling, including electronic and virtual sports, casino, poker, and more. In addition, the company has successfully sponsored several football teams in Bulgaria and other individual athletes by helping them develop in perspective.

 

Source: iGaming Business

Source: Latest News on European Gaming Media Network

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