Kyrgyzstan, a Central Asian nation, has taken significant steps toward legalizing casinos and online gaming. The latest development includes the issuance of official online casino licenses to Palmium and Internet Technologies Venice, marking a pivotal moment in the country’s gaming industry. While the licensed online casinos are not operational yet, the move reflects Kyrgyzstan’s ongoing efforts to regulate and legitimize the gambling sector.
License Recipients:
Palmium and Internet Technologies Venice are the recipients of the first official online casino licenses in Kyrgyzstan.
The Deputy Minister of Digital Development, Zamirbek Kozhomuratov, announced the decision in Parliament, emphasizing that the licensed online casinos are not yet operational.
Legalization Progress:
Kyrgyzstan has been actively working on legalizing and regulating casinos and online gaming.
The issuance of online casino licenses demonstrates a significant stride in the country’s efforts to establish a framework for responsible and legalized gambling.
Potential Closure of Unlicensed Operators:
Statements have been made regarding the operation of online casinos without proper licenses in Kyrgyzstan.
The Parliament has the authority to close unlicensed online casinos if adjustments to national gambling laws are made.
Concerns About Underground Gambling Establishments:
Deputy Marlen Mamataliev raised concerns about underground gambling establishments operating in violation of regulations.
Calls were made for citizens to report any sightings of illegal gambling activities.
State Lottery Establishment:
In 2022, a bid was successful to establish a state lottery in Kyrgyzstan.
Elbet d.o.o and Axel Capital were awarded the opportunity to develop the state lottery, leveraging their extensive experience in gaming industry software development and equity hedge fund management.
Kyrgyzstan State Lottery Launch Status:
The launch date for the Kyrgyzstan State Lottery remains undisclosed, and further details are awaited.
Profile of License Recipients:
Palmium specializes in recreation and entertainment.
Internet Technologies Venice is focused on online casinos, with directors named as Imankulova Veronika Konstantinovna and Aiperi Tszeyevna Kalybekova.
Kyrgyzstan’s issuance of online casino licenses to Palmium and Internet Technologies Venice signals a significant advancement in the country’s journey to legalize and regulate its gambling industry. As efforts continue, the move is expected to bring transparency, accountability, and legitimacy to the gaming sector. The potential closure of unlicensed operators underscores the commitment to establishing a regulated and responsible gambling environment in Kyrgyzstan. The ongoing progress, including the establishment of a state lottery, reflects the country’s evolving stance on gaming and its efforts to align with international standards.