Te licences given for Casinos and Resort Casinos will be for locations considered national important zones and only one licensee of a casino has the right to open one casino. Te law also restricts the location of casino and slot machine halls and basically moves them outside of the cities and places them in dedicated tourism zones. Players will have to be registered.
five star hotels. Operators must be joint stock companies in Albania with a capital of not less than ALL1.2bn.
l Casinos must have a minimum of 20 slots. l
Sports Betting - to operate companies must be joint stock companies based in Albania and have a capital of not less than ALL20m.
l
A Central Online Monitoring System (COMS) will be implemented and utilised by the gambling authority.
l
Tere is a transitory period for the implementation of the COMS and tax liabilities. Te Casinos and National Lottery licensed prior to the new law can continue
their activity with their previous licensing terms. Electronic casinos and traditional bingos can continue until December 2018.
l Licensing fees are:
o Sports betting/race betting ALL200m (included in this fee is the permission to open up to 1,000 secondary addresses.)
- TV bingo ALL40m. - Casinos ALL1bn. - Casinos in five star hotels ALL70m. - Resort Casino is ALL50bn.
- National Lottery ALL1bn. - Remote gambling is ALL200m.
Te amount of income from the gambling sectors in 2016 in Albania amounted to ALL15.2bn ($140m). Around ALL10bn ($92m) alone came from electronic casinos the largest operators are Apex followed by Adriatik Game, Astra Albania and Top Start.
Sports betting saw around ALL3.2bn ($30m) of this amount and Regency Casino with ALL1.4bn ($13.2m). Lotteries and bingo saw around ALL600m ($5.6m)
Meanwhile companies reported huge profits said to be 30 to 50 per cent of their income. Apex
NEWSWIRE / INTERACTIVE / MARKET DATA P67
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