Kyrgyzstan Issues Its First Online Casino Licenses to Palmium and Internet Technologies Venice

Historic Milestone: Kyrgyzstan Issues Its First Online Casino Licenses

In a groundbreaking development for the Kyrgyzstan gambling industry, the country has taken a significant step by issuing its first-ever online casino licenses. Palmium and Internet Technologies Venice are the pioneers who have been granted these coveted licenses, marking a new era in Kyrgyzstan’s approach to online gaming.

A Momentous Decision by Kyrgyzstan

The issuance of online casino licenses comes as a result of progressive decisions made by Kyrgyzstan’s authorities. Deputy Minister of Digital Development, Zamirbek Kozhomuratov, announced this historic move, signifying the government’s willingness to adapt to the evolving landscape of the gambling sector.

Crucial Regulatory Measures

Kozhomuratov emphasized the importance of these licenses, hinting at potential repercussions for unlicensed online casinos. If Kyrgyzstan’s parliament decides to amend national gambling laws, it could lead to the closure of such operations. This proactive stance aims to create a transparent and regulated online gambling environment, deterring underground activities.

Addressing Concerns and Securing the Industry’s Future

Deputy Marlen Mamataliev expressed legitimate concerns regarding underground gambling operations. By introducing a licensing framework, Kyrgyzstan takes a substantial stride towards addressing these concerns and ensuring the legitimacy and integrity of its gambling industry.

A Promising Start for 2022

This move follows a series of significant decisions in the Kyrgyzstan gambling sector. In 2022, the Center for Public-Private Partnership (PPP) approved Elbet d.o.o and Axel Capital for the establishment of a state lottery. While the launch date remains undisclosed, these developments signify a promising start for the year ahead.

Shaping the Future of Gambling in Kyrgyzstan

Kyrgyzstan’s decision to issue its first online casino licenses to Palmium and Internet Technologies Venice is a pivotal moment in the country’s gambling landscape. With a focus on regulation and transparency, Kyrgyzstan is taking essential steps to secure the future of its gambling industry and protect consumers from unscrupulous underground operations. As the industry continues to evolve, these licenses herald a promising start for the years to come.