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Belarusian Lawmakers Not Bullish On Online Casino Boom

Belarusian Lawmakers Not Bullish On Online Casino Boom Belarusian lawmakers do not expect any significant boom in the number of licensed online casinos, following the recent approval of a decree that legalized that type of activity in the country, local news outlet BelTA reported. Belarusian President Alexander Lukashenko signed earlier this month Decree No. 305, a legislative piece aiming to improve the state of the country’s gambling industry and to introduce better tools for the protection of customers. Following the presidential approval, the legislation is now set to take effect on April 1, 2019. Among other things, the decree will allow existing land-based casinos around the country to apply for online licenses. Commenting on the new regime, Deputy Tax and Duties Minister Vladimir Mukvich said that they do not believe there will be a massive growth in the number of online casinos in the country in the next few years. The minister further pointed out that there are no visible preconditions for any such trend. Online casinos will officially become legal in Belarus on April 1, 2019 with the enforcement of Decree No. 305. Lawmakers have said that measures will be implemented to prevent online gambling from assuming monopoly over the country’s gambling industry. As a result, applicants for online gambling licenses will be required to fulfill a number of requirements.

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