The government has approved a new draft law on gambling which predicts how companies will be licensed, tariffs and fees, and other aspects about the operation of these companies in country. According to this draft law, the activity of gambling companies and casinos will be considered as an extra entertainment activity in touristic areas, with the aim to promote and develop this sector.
The draft law predicts strong criteria and high tariffs for companies that will require the license for this type of economic activity and for shareholders or administrators as well. These strong criteria will make able the reduction of betting points and casinos and the increase of responsibility and quality by licensed companies.
The total number of betting points rooms will be reduced into 500 and will not be allowed to construct in at least 200 meters distance, with a license of no more than 10 years for which a company has to pay 200 million ALL ($200ml). For national lotteries, the license tariff will vary from 40 million to 1 billion ALL and they will be licensed for a period of 10 years, which will be renovated each 10 years.
An important article of the draft law is the limiting of casinos in territorial terms, where companies in touristic areas will have more possibility to be licensed. The new taxation scheme of gambling companies is another important article of this law, according to which companies will be taxed based on their turnover, by 25% of their gross profits. The draft law shall be considered by the Assembly and after being approved will be published in the Official Bulletin.
News source/photo credits: ATA , Jamie Adams (Wikimedia)
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