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Albania publishes draft online gambling law

Albania publishes draft online gambling law

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On April 5th, Albania published its draft law on legalising online betting, having banned almost all forms of gambling in the country back in 2019.

Licensed operators will have to meet strict requirements such as pre-registering every player who takes part in online sports betting and storing their identity data for a minimum of three years. In addition, player deposits will not be made directly with the operator but through an authorised financial agent.

Operators must also provide a guarantee for winners, with the equivalent of €1.5m being kept in a designated bank account. This amount should never be less than 5% of all deposits made by players in the previous financial year, with access to the account controlled by the Finance Ministry.

A deposit of €450,000 must be designated in another fund for obligations relating to the authorities. Finally, all licensed operators will be joint-stock companies, headquartered in Albania and registered with the National Business Centre.

The proposed legislation also includes a 15% corporate income tax to be paid by operators, to be used to support projects in the field of sports, culture, innovation and innovation technology.

The draft now passes to the National Agency of Information Society for evaluation, with its final draft passing to government for final decision.