Essential information and facts about Moldova:
Capital
Total Area Population Median age Religion
Chisinau
33.851sq.km 3.32 million 37.7 years
Orthodox (48%), Catholic (7%), other.
Ethnic Groups Moldovan (75%), Romania, Ukraine, Gagauz, Russian.
Languages Moldovan/Romanian (80%), Russian (9.7%), Gagauz (4.2%) Leu
Currency
Government type Parliamentary Republic Chief of State President Maia Sandu (since December 2020)
Head of Government Acting Prime Minister Aureliu Ciocoi (since January 2021)
Elections President elected for a four-year term. Next due 2024. Prime Minister designated by the President after consultation with Parliament.
Unemployment 4.3% (March 2021) Tourism 174,000 foreign tourists (2019)
A huge clamp down began with the blocking of websites of many foreign sports betting sites and as of February 2021 there is a blacklist of 230 websites not authorised to offer gambling online. Many sites such as 1xBet, Bet365 and Bwin have been blocked and since the beginning of March many online payment services have suspended all services abroad leaving many players with funds stuck in the bookmaker accounts.
law concerning fiscal and criminal measures.
Te NLM called for the elimination in the Fiscal Code which taxes sports betting the entire amount at stake, not actual winnings. Other proposals included the introduction of fines and jail sentences for the illegal operations to help stop the number of illegal online sites. But when nothing happened the 7777 site suspended activities with a huge negative effect on government budgets and problems for players.
According to the State Tax Service, in January 2021 the total amount of winnings for lotteries and sports bets amounted to almost LEU19m with income tax withheld at around LEU2.2m.
Last year the National Lottery of Moldova agreed to expand its services in Moldova if the authorities clamped down on black market sports betting sites. Te company submitted a set of proposals to the government to bring the sports betting sector under the control of the
So, the authorities stepped up their game. On January 1 2021 the Law No: 257 of December 16 2020 came into force which saw amendments to Law No: 291/16 on the organisation and conduct of gambling.
Tis included giving the ASP additional powers and the responsibility of highlighting unauthorised gambling websites via a blacklist which was then sent to the National Agency for Regulation in Electronic Communications and Information Technology (ANRCETI) to be blocked.
A huge clamp down began with the blocking of websites of many foreign sports betting sites and as of February 2021 there is a blacklist of around 230 websites not authorised to offer gambling online. Many sites such as 1xBet, Bet365 and Bwin have been blocked and since the beginning of March many online payment services have suspended all services abroad leaving many players with funds stuck in the bookmaker accounts. Tere are big fines for individuals of between LEU100,000 and LEU200,000 for violating the legislation and up to LEU300,000 and LEU400,000 for companies.
And so as the ASP began to target illegal operations the 7777 sports betting platform was re-launched earlier this year.
Between January 1 and March 10 2021 NLM saw LEU1.8m revenues from sports betting with LEU600,000 going to the state budget in the form of taxes. By the end of March, it was estimated that the total profit for the NLM from sports betting would be LIE3m.
WIRE / PULSE / INSIGHT / REPORTS P153
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