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From 1 January 2025, gambling, lotteries and betting activities will be legal in Uzbekistan. The National Agency for Advanced Projects will control the legal entities that will manage gambling activities in the country. Those management companies will pay a tax on revenue at the rate of four percent for five years. Under the regulations, the age limit will be set for gambling participants at 18 years of age, and companies must have a license to provide betting services and gambling platforms. Despite the current bans, the population actively participates in games of chance -- using foreign and illegal services. That means that participants risk falling prey to scammers, losing huge sums of money in the process. Crimes and suicides among gamblers are not uncommon. According to preliminary estimates, the state budget will receive about $6 million per year. Earlier, the Uzbekistan Football Association's press secretary, Davron Faiziev, spoke about the advantages of legalizing betting activities: "By banning betting activities, we lose a lot. First of all, a large flow of funds goes to other countries. This is why the decision was made -- to legalize all this, to control and ensure clean activity in the future." In Faiziev's opinion, gaming and betting companies can improve the situation in the sports sector of the country's economy, as according to foreign experience, many betting offices are active sponsors of sports teams.
Kazakhstan is preparing big changes for the gambling business in the form of a new bill that's under consideration in the country's lower house of parliament, the Majilis. Should the bill become law, bloggers will be banned from advertising betting platforms and online casinos. These changes are aimed at stricter regulation of the gambling industry and protection of citizens' financial interests. Members of the Maijilis emphasize that bloggers will still be able to cover sporting events on their social media accounts, but advertising gambling establishments will be banned. That's a step towards more responsible and ethical advertising practices that focus on sports and healthy lifestyles that the government would like to promote. The bill includes other important changes, such as raising the minimum age for gambling to 25, banning gambling by those who are in debt, and tightening the requirements for advertising gambling establishments. These steps are aimed at creating a safer and more responsible gambling environment for citizens of Kazakhstan. In March the Majilis started working on the new draft law, which, according to representative Askhat Aimagambetov, provides for the introduction of liability for gambling businesses in the form of fines ranging from 1.1 million tenge ($2,500) to 3.6 million tenge ($8,000). In addition, members of the Maijilis spoke out on the possible introduction of a ban on gambling for civil servants. This is a step that could be part of a broader program to combat the negative consequences of gambling addiction among public-sector employees.
BISHKEK (TCA) — The Ministry of Economy of Kyrgyzstan has proposed to allow casinos and slot machines in the country. The initiative was opposed by the public and some MPs. Continue reading
