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The government submits for public consultation the draft law for the opening of online betting, the licensing criteria are defined

2023-04-05 12:07:04Biznes SHKRUAR NGA REDAKSIA VOX

The government submits for public consultation the draft law for the opening of

As it was warned, the Government has prepared a draft law for the return of online sports betting, a draft law which has already been submitted for public consultation. According to the report that accompanies the draft law, the main purpose of this initiative is to restore the Sports Betting category, but now only in the online form, with the aim of formalizing the gambling market for this game category, by licensing entities that have experience in exercising sports betting activity.

The presence of physical betting points is excluded. While another purpose of the return according to the government is to guarantee the income collected from the activity of online sports betting in the direct support in the field of sport, culture, innovation and innovation technology but also the financing of player protection programs.

The draft law states that the companies that will be licensed will be obliged to leave as a guarantee about 1.5 million euros, a fund of 120 000 000 (one twenty million) lek for the protection and guarantee to the players (in the second year it becomes no more less than 5% of the turnover) and a fund of 50,000,000 ALL to guarantee the repayment of periodic obligations to the AMLF, the tax body, etc. and other state bodies. The organizers of the "Online sports betting" category pour 15% of the gross revenue from the game into the account of the Special Fund.

The new law prohibits the advertising of gambling in print and audiovisual media.

"The draft law regulates the publicity of games of chance, where among the innovations it brings is the publicity of the activity of licensed gambling entities in the audiovisual media for the categories "Online sports betting", "National Lottery" and "Television Bingo" in limited hours. as well as publicity for the category "Online sports betting" in the countries where sports activities take place, as well as the right that these entities have to be a sponsor in sports teams".


Terms and licenses: 

Article 10 of the draft law foresees the licensing criteria of entities that will apply for a license in the "Online sports betting" category. among the main criteria are that the entity to be licensed must have a capital of not less than 20,000,000 (twenty million) ALL. The company must have experience in the field of gambling in no less than 3 EU/OECD countries and for no less than 3 years, have the appropriate financial, administrative, organizational capacity and the reliability of the applicant to engage successfully in such projects. A special criterion is the fact that none of the shareholders must have been criminally convicted, must not be in judicial proceedings for criminal offenses, must not be in the process of compulsory execution for unpaid property obligations.

Why sports betting is making a comeback

The government argues for the return of betting by underlining that with their ban in 2018, this activity was channeled to be practiced in the dark.

"On the part of the Authority for the Supervision of Games of Fate, within the framework of the exercise of its functional duties, checks were carried out throughout the territory of the Republic of Albania for the years 2019, 2020, 2021 and 2022 in total 1421 checks from which confiscations were made, criminal proceedings and administrative measures with fines for 135 subjects and individuals who operated illegally in the gambling market. Also, AMLF has reported 4035 illegal betting addresses to AKEP with the aim of closing these addresses", the report states.

Considering this situation, the initiative was taken to return the Sports Betting category to the gambling market only in the form of Online Sports Betting.

Among other things, the draft law proposes the following:
Revision of the licensing method by providing stronger criteria for gambling organizers;
Providing secure online platforms;
Ensuring the way of registration of every player who plays sports betting keeping in control every information and amount played;
Making payments only through financial agents;
The creation of the licensing commission as a collegial decision-making structure for the licensing of entities that will exercise activity in the field of gambling;
Ensuring player protection, not only through social programs but also through the guarantee fund for players; For the creation of guarantees for the winners of gambling games, the organizer of the "Online sports betting" category is obliged to solidify a fund of 120,000,000 (one and twenty million) lek, but not less than 5% of the amounts played by players within a previous fiscal year, in a special bank account, in favor of the Ministry of Finance, which is unlocked only by order of the minister responsible for finance.


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