The Albanian parliament was about to vote to reverse a five-year-old ban on online sports betting as the government admitted that it had failed to control the illegal activity.
“At the request of the Socialist Party, it was requested to withdraw from the discussion of the draft law on gambling,” the Speaker of the Parliament, Lindita Nikolla, said. “It was approved with 74 votes in favor.”
Nevertheless, the law on allowing online betting activities in Albania shall be returned for a vote in the parliament. The proposed draft law, which would permit licensing for ten betting companies with prior experience, Nevertheless, the law on allowing online betting activities in Albania shall be returned for a vote in the parliament. After withdrawing from the vote in the session, the parliamentary group of the Socialist Party has decided to modify at least two of the 33 articles.
Among the proposed amendments, the revised draft includes a minimum requirement for foreign shareholders to hold a minimum of 30% stake in competing companies and/or organisations alongside a mandate for substantial experience in the gambling sector across at least three European countries over a period of no less than three years.
