Operators in Kazakhstan to Provide Player Activity to Government
LISTEN TO THIS ARTICLE:Following a review of gambling in the jurisdiction of Kazakhstan, the country’s parliament, Mazhilis, has said that gaming operators in the region will be required to provide comprehensive reporting on the gambling activities of their players.
The review into the gambling industry in the country came after the President instructed an investigation into the gambling habits of the population and was headed by Yerzhan Erkinbayev, the Deputy Minister of the Government.
As dictated by the deputies of Parliament, owners of betting companies and totalizators must transmit information about the size of bets, losses and winnings to the tax authorities online.
Firms to Provide Detailed Transaction Report to Government Tax Body
Under the terms of the new changes to rules for gambling companies to report the activity of their customers to the government of Kazakhstan, the gaming operators will be required to make their software compatible with the National Tax Authority. The operators must then provide details of transactions on each player to this government department.
Banks have also been instructed to provide transaction and balance transfer information within ten days on customers who have been identified as gambling with licensed operators in Kazakhstan.
President Asks for Overhaul of Gambling Legislation
The President of Kazakhstan, Kassym Tokayev, asked for an investigation and change in the gambling legislation in the country as he stated he was concerned about the rise in gambling addiction among young people in Kazakh. Also, he said believed this was leading to an increase in debt among the citizens of the country.
Since the request from Tokayev, the investigation has raised more than 60 proposed amendments to current gambling legislation in the region, with changes to the lottery and gambling framework within the Kazakhstan jurisdiction. These include stricter regulations on gambling companies and an increase in punishments for operators who breach the guidelines.
One of the main changes following the audit of the gambling industry in the region was the proposed change to raise the age limit of players who can gamble up to 25 from the current age of 21.
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