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Aktualitet

The date is revealed / Online sports betting opens in Albania, will there be points on the ground and here is how the scheme will work

The date is revealed / Online sports betting opens in Albania, will there be

After 5 years closed in Albania, starting from April 1, sports betting will be legal.

After the socialist majority passed the draft law in Parliament amid tensions, President Bajram Begaj decreed the new law, which came into force on April 1 of this year.

In total, there will be 10 companies that will exercise the activity of online sports betting in our country. Each of these companies must have experience in 3 EU/OECD countries for at least 3 years, and that they must solidify a fund of 170 million lek as a guarantee, where 120 will go to accounts of the Ministry of Finance and will be unlocked only by her order, while the other 50 million will be in the account of the Gambling Supervision Authority or otherwise the AMF.

Likewise, the license to exercise the activity will be for 10 years and will cost 400 million ALL. It is emphasized that this money must have a justifiable source. In addition, these companies must be registered with the KKB and must also display signs that show the negative sides of gambling.

While the permitted age has also been lowered, where players must now be over 18 and not 21 as it was in the previous law.

The whole system will be online and commercial banks or financial institutions and financial agents, which will mediate payments and withdrawals to the accounts of customers and the organizer.

So there will be no cash and betting points on the ground, while players will register with an ID card and play according to the value they are allowed.