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Written by 12:00 am General

Kyrgyz president signs law legalizing casinos

President of Kyrgyzstan Sadyr Zhaparov signed laws legalizing casinos, his press service said.The laws were adopted by the country’s Parliament on June 22, 2022.The purpose of the laws is to attract additional resources to the state budget by creating …

President of Kyrgyzstan Sadyr Zhaparov signed laws legalizing casinos, his press service said.

The laws were adopted by the country’s Parliament on June 22, 2022.

The purpose of the laws is to attract additional resources to the state budget by creating favorable conditions for attracting investments.

Only legal entities in the form of a limited liability company or a closed joint stock company are entitled to engage in gambling activities on the basis of a license issued by an authorized state body for a period of 10 years. The issuance of licenses will be carried out on a paid basis in the manner determined by the Cabinet of Ministers.

At the same time, a gambling establishment cannot be located in the premises of kindergartens, schools, universities, other educational institutions, medical and religious institutions, cultural institutions, as well as in residential premises.

The citizens of the Kyrgyz Republic, foreign citizens under the age of 21, incompetent foreign citizens cannot be clients of gambling establishments.

Gambling was banned in Kyrgyzstan in 2012.

Source: Kyrgyz National News Agency

Last modified: June 30, 2022