Kazakhstan’s fintech and gambling sectors have raised their eyebrows at a new proposed law affecting both industries in the Central Asian nation. The concerns were brought forward to the media by the Kazakhstan Fair Gambling Campaign, which “advocates for fair and balanced gambling laws”. According to the initiative, the draft legislature wants the implementation of a Unified Accounting System (UAS) …
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Kazakh Tax Authority stands by accountability of consumer confidentiality on gambling reports
The government of Kazakhstan has authorised amendments to the Tax Code that will require all licensed gambling operators to report on the wagering activities and profiles of Kazakh citizens. A mandate that was approved by the Mazhilis (Parliament) in November has been imposed as of 12 February 2024, and will require Kazakh gambling operators to submit direct customer reports to …
Read More »Kazakhstan orders gambling operators to comply with direct reporting duties
The government of Kazakhstan will require all gambling businesses to submit direct reports on the gambling activities and profiles of Kazakh citizens. The command was approved by the deputies of the Mazhilis (Parliament), who instructed for new gambling reporting duties to be added to the Tax Code of Kazakhstan. As reported by SBCCIS: “As dictated by the deputies of Parliament, …
Read More »Kazakhstan mulls strict tightening of public access to gambling
The Ministry of Tourism and Sports of Kazakhstan has confirmed that it will recommend stringent rules to tighten “public access to gambling venues”. The announcement was made by Vice Minister, Yerzhan Erkinbayev who declared that his department is set to publish its recommendations on gambling protections as demanded by President Kassym-Jomart Tokayev. Amongst the proposals reported by local media, Erkinbayev …
Read More »Kazakh President wants ‘concrete plans’ to curb gambling addiction
Kassym-Jomart Tokayev, President of Kazakhstan, has ordered government departments to draft plans on imposing new gambling restrictions. Astana news sources report that President Tokayev has highlighted the dangers of gambling addiction to department leaders at a Security Council meeting. According to Tokayev, “gambling addiction has increased over recent years and has affected many families in the country”. He pointed specifically …
Read More »Oddin.gg and Olimpbet to ‘revolutionise esports betting’ in Kazakhstan
Olimpbet has announced its esports betting debut through a new partnership with Oddin.gg. Olimpbet, a Kazakhstan-based operator, said the move underlines its commitment to delivering engaging experiences that will now ‘capture the hearts of esports fans’ in central Asia. Marek Suchar, Co-Founder and Managing Director of Partnerships at Oddin.gg, stated: “We are thrilled to collaborate with Olimpbet as they lead …
Read More »4H Agency: Kazakhstan & Uzbekistan: So close yet so different
In a new series for SBC audiences, global gambling advisory 4H Agency provides an in-depth breakdown of current dynamics and regulatory factors impacting the make-up of gambling in individual CIS nations. The series begins with an analysis of Central Asian neighbours Kazakhstan & Uzbekistan’s contrasting approaches to regulating nascent gambling sectors… This article will provide an overview of the status …
Read More »Suren Khachatryan – Digitain – World Cup expansion and beyond
Multi-channel sports betting platform and technology provider Digitain has enjoyed a successful 2017, expanding into a number of new markets in addition to strengthening its sportsbook offering. With 2017 quickly drawing to a close however, Suren Khachatryan, CEO of the Armenian based firm, who are set to appear at both Betting on Football and Betting on Sports in 2018, has …
Read More »Pavel Korolev – InBet – Tailoring products to meet regulation
Pavel Korolev, business development director for InBet Games, says the company has tailored its products to meet government regulation in different regions. He also says that while InBet is aware of the complexity and diversity of local markets, the B2B lottery, betting and gaming provider is open to exploring the potential of new partnerships, particularly in the Americas, and applying …
Read More »Digitain launches new online sportsbook with Tipp1
Digitain has continued its expansion into new markets by launching a new online sportsbook with Austria-based operator Tipp1.com. The site will be powered by Digitain’s fully-managed sportsbook platform, which offers odds on 65 different sports, taking in 7,500 leagues, and more than 3,000 betting markets. It also covers 28,000 live events a month. As part of the deal, which was …
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