Belarus borders Russia in the east, Latvia and Lithuania in the north and north-west respectively, Poland in the west, and Ukraine in the south. Belarus is one of the countries situated in the east of Europe where most of the present variants of gambling are legal. In this article, there is information about the legal conditions of Belarus Bookmakers, Belarus sports betting, the history of the legislation on gambling, the state bodies, the allowed and prohibited types of bets, licensing, taxes, and significant achievements in sport.
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Table of Contents
Summary of Key Events
History of Gambling in Belarus
Belarus has not remained an exception when it comes to the transformation of legal systems which govern the gambling sector in a given country especially regarding bookmakers and possibilities to bet on sporting events. Here’s a detailed timeline of legislative milestones:
- January 10, 2005: This decision approving the Regulation on the measures for the implementation of the activities in the sphere of gambling business on the territory of the Republic of Belarus was made under the Decree No. 9.
- September 1, 2010: According to the legal document, the Decree No. 450 signed On licensing certain types of activities, there were outlined requirements for different gambling licenses.
- November 19, 2010: The Gambling related activity must act upon Decree No. 599 On some measures to improve the procedure for carrying out activities in the gambling business dated July 28, 2011.
- January 12, 2011: The decision No. 31 “On the approval of the Concept for the development of the section of gambling business in the Republic of Belarus” was taken.
- December 29, 2011: Resolution No. 1762 “On approval of the Regulations on the functioning of a special computer cash system providing control over turnover in the gambling business, and a monitoring center in the gambling business for servicing it”.
- February 18, 2011: Thus, the Resolution No. 211 “Concerning some measures to fulfill the Decree No. 599 of November 19, 2010” was adopted.
- December 31, 2014: In accordance with the above determination, the decision “Resolution No 44 On approval of the Model rules of internal control exercised by organizers of gambling” was made.
Current Gambling Legislation
In Belarus, three main types of gambling are permitted: There is a great offer of games, card and luck, there are card games, casinos, roulette, craps and etcetera, slot machines and so on and last but not the least sweepstakes. The following regulations govern the gambling business:
- Casino Games: Licensed and regulated and requires licensing approval and or regulation and authorized upon compliance.
- Slot Machines: Affordable and can be accessible by prescription.
- Sweepstakes: Though is legal and specific licensing requirement are being met.
- Regulatory body for Belarus bookmakers
- nt of Belarus currently has several official bodies: Ministry of Trade and Industry District Savings Bank Investment and Sustainable Developmen
The authority that deals with issuing of licenses concerning gambling activities in the Republic of Belarus is the Ministry of Taxes and Duties, which is also known as the Ministry of Finance and Finance of the Republic of Belarus. It consists of the necessity to fulfill the requirements of the national laws and the rules of the international legislation sphere.
Licensing Conditions for Belarus Bookmakers
To obtain a gambling license in Belarus, including for bookmakers and sports betting, the following steps must be taken:
- Application Submission: The necessary documentation includes the coordinates of the legal entity, and a list of proposed services and tax registration data; lastly, copies of the constituent and registration documents, and, a receipt of the state duty paid.
- Operational Criteria: The company should have been established for at least two years; managers including the project manager, managers of training and marketing should have at least three years experience in the gaming industry.
- Financial Guarantee: It is recommended to keep an account with minimum one million euros primarily for the payouts of prizes and taxes.
- Broadcasting Requirements (for Live Betting): Requirements to premises for broadcasting are size (arcades should be at least 100 sq. m while casinos and other facilities – at least 250 sq. m ) and local administration approval.
Betting Regulations of Belarus Bookmakers
The legal systems of Belarus permit different types of bets connected to sports, including bets being done on sports events and tournaments that are big. However, there are certain limitations on the forms of betting to safeguard on ethical conduct and curb on gambling. The most common types of prohibited bets among the participants were bets that are easily influenced and are not fair in nature.
Taxation on Gambling Business
Tax rates for land-based gambling establishments, including bookmakers, were revised in 2017, with new rates effective from 2019:
- Gaming Table: 7140. 95 BYR
- Slot Machine: 241. 53 BYR
- Cashier of the Sweepstakes: We arrive at the sum of 2250 BYR.
- Cashier of the Bookmaker’s Office: The current prices are 1500 BYR
Such rates make the revenues from gambling higher while at the same guaranteeing fair gambling practices within the nation’s economy.
Belarus Sports Betting
Currently, Belarus sports betting stretch from football betting to betting on ice hockey games. The country has a long history of has always endeavored in both single-talented athletes and team players beginning from board games to the most complicated and intensive games like the ice hockey and the football.
Sporting Event Glory Milestones
- 1952: The first time for the USSR as a united team in Olympics.
- 1992: Competed in the capacity of the Unified Team during the winter Olympics that were held in France.
- 1994: This was first as an Independent nation in the Winter Olympics held in Norway.
- 2006: Newly, National football team knocks out the FIFA World Cup quarterfinals.
- 2014: National ice hockey team brought home the title from the IIHF World Championship.
Conclusion
Belarus Bookmakers and Belarus sports betting are the main characteristic of the country’s gambling industry that employs the latest legal instruments and regulation. It is in this regard that the following information will be useful to those who are willing to venture into this sector of the economy.
FAQ about Belarus Bookmakers
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