Albania to clamp down on gambling
News on 11 Oct 2018
News on 11 Oct 2018
Albanian Prime Minister Edi Rama has taken to Twitter to confirm the closure of the online casino industry on December 31, 2018 and warned media outlets to refrain from advertising their services.
In addition, Albanian authorities will require all land-based and retail gambling outlets and casinos to apply for licensing or face forcible closure from January 1, 2019, the Prime Minister said.
The proposal, which will be voted upon by Parliament in the near future, will require casinos relocate outside of residential areas and most likely outlaw retail betting which will lead to the closure of around 4,500 betting shops, local press report.
The Euro 40 million in estimated gambling taxes collected by the Government will be negatively impacted by the decision along with the probability of 9,000 people being put out of work, a negligible effect when one looks at the negative social effects the gambling industry has had on Albanians, Government officials say.
News on 11 Oct 2018
Albanian Prime Minister Edi Rama has taken to Twitter to confirm the closure of the online casino industry on December 31, 2018 and warned media outlets to refrain from advertising their services.
In addition, Albanian authorities will require all land-based and retail gambling outlets and casinos to apply for licensing or face forcible closure from January 1, 2019, the Prime Minister said.
The proposal, which will be voted upon by Parliament in the near future, will require casinos relocate outside of residential areas and most likely outlaw retail betting which will lead to the closure of around 4,500 betting shops, local press report.
The Euro 40 million in estimated gambling taxes collected by the Government will be negatively impacted by the decision along with the probability of 9,000 people being put out of work, a negligible effect when one looks at the negative social effects the gambling industry has had on Albanians, Government officials say.
