Online Casino in Belarus: The Law and Ways of Legislation

Belarus continues to actively work towards the legalization of the gambling sector. In August last year, President Alexander Lukashenko signed a decree, according to which the law, allowing the activities of online casinos in the country, comes into force.

According to the decree, the legalization of online casinos in Belarus began on April 1, 2019. Now the development of the gambling business in the country is not prohibited, although the new rules still impose some restrictions. Gaminator specialists have understood the nuances of the new legislation and made a brief overview.

What Will Change in Belarus?

The most important change is that henceforth online gambling business is considered legal and will not be prosecuted by law enforcement agencies if it is legalized according to certain rules established by the Council of Ministers of the Republic of Belarus.

The law also applies to sweepstakes and betting shops on the Internet. This category of gambling sites is also given the green light.

It is interesting that information about the organization and conduct of gambling entertainment is prohibited to spread on the Network. Access to portals with such content will be limited, but not soon: regulations will come into force in 2021.

Chronology of Current Changes in the Gambling Legislation of Belarus

Considering that the government gives time to operators to properly prepare for work, it can be said that now it is a good time to enter the market of Belarus.

Requirements for Online Casino Operators in Belarus

So, to open online gambling business on the territory of Belarus, you need:

1. Establish and register a gambling operator company in Belarus.
2. Get the official gambling license of the Republic.

Among other requirements, there is a mandatory presence of an insurance deposit, which will be used to pay the winnings in the event that the financial balance of the company will be in the red.

It is planned to establish a special monitoring centre, which will track the activities of online casinos. Operators will have to provide the tax administration and monitoring centre with remote access to the gambling site database.

Later, all legal operators will connect to the computerized cash register system. This method of monitoring the turnover of funds in the gambling market will be used since August 2019.

New Requirements for Land-Based Casinos

Ground clubs are expected to be under reduced control. So, since April 1, the law no longer requires the registration of slot machines and tables, cash desks of betting shops and sweepstakes.

The amount of tax will be determined depending on the volume of equipment connected to the cash system. That is, now the company will be able to accurately calculate how much taxes you need to pay.

For customers of gambling clubs, the rules are getting stringent: now in Belarus, you can visit such establishments from 21 years, and not from 18, as it was before.

Measures to combat fraudulent business practices will also be strengthened. Neither gambling clubs, nor visitors no longer allowed to transfer money or other assets to other players to join the gambling entertainments.

After the entry into force of the new law, all land-based gambling establishments are obliged to film on video all visitors and winners who have received cash prizes.

Conclusion

Legalization of online casinos in Belarus takes place in several stages and discovers wide prospects for owners of the online gambling business. Now is the right time to enter the Belarusian market. You can take advantage of this to earn money!

Gaminator specialists are always aware of changes in the gambling market. Please contact us to find out about the nuances of the different countries legislation, the peculiarities of licensing and launching projects of any format. We will find the most profitable solutions for you. We guarantee that a gambling start-up will pay off in a few months!