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Belarus Gambling Update

3/11/10 - Strictly regulated and controlled gambling could represent a valuable source of tax revenues to Belarus, the country's president, Alexander Lukashenko, told lawmakers this week.
 
Addressing a meeting of the Cabinet, Lukashenko said that gambling corruption problems that had caused neighbouring states like Russia and Ukraine to impose draconian bans on the pastime could be obviated through proper planning and strict oversight.
 
The UPI news agency reports that the president told Cabinet colleagues: "If approached wisely, the gambling industry can become an additional source of revenue for the national budget through taxes. The industry can create new jobs and attract tourists and investments to our country."
 
The cabinet was reviewing a proposal Lukashenko ordered six months ago from government agencies and commercial interests on how best to manage casinos, the report said.
 
"Everything will be alright here if those who are assigned to control this business do their jobs and do not destroy the business, do not criminalise it," Lukashenko said.
 
It is not known if his recommendations extend to online gambling. The gambling scene in Belarus is dominated by around 25 land casinos. National and local lotteries are also allowed, but online gambling companies have so far been prohibited from offering their services to citizens.
 
Formerly a member of the USSR, Belarus has a population of almost 10 million people and has been an independent state since August 1991. The country is bordered by Russia, Ukraine, Poland, Lithuania and Latvia, the latter two nations actively moving toward regulated online gambling.
 
Since 1996, Belarus and Russia have been in negotiations to form a single state called the Union of Russia and Belarus.
 
In January 2005, the President issued a decree tightening gambling regulations and taxation and requiring that gamblers produce identification in order to claim winnings in an effort to exclude money laundering.
 
Gambling activity in Belarus is licensed by the Ministry of Sport and Tourism, and punters must be 18 years or older to play in the country’s casinos.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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