The Albanian government has approved two decrees which allow increasing the number of casinos in the country.
The development comes a few years after the closure of activities for sports betting and electronic casinos, allowing only the activity of the casino in the center of Tirana.
Meanwhile, have been determined the areas where the activity of casinos within the capital Tirana is allowed.
Specifically, this area includes the part from the 15-storey Tirana hotel up to Rinia Park, and George Bush Street near the Tirana Ring Road, up to where the Democratic Party headquarters is located.
According to the law the license of a casino costs 1 billion ALL for one hall and this amount must be paid every year throughout the license duration.
Entities must have a capital of ALL 1.2 billion, while is awaited the government decision on how the tender will be carries out.
Entities to be licensed in the casino category must complete a long list of documents which among other things require they must indicate the source of income, be transparent in the number of shareholders and in case of transfer of the license must notify the contracting authority.
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