Albania rental rates expected to slump following gambling ban

TIRANA, Dec. 18 – With few days to go before a ban on gambling comes into force, most gambling businesses in Albania have already removed their advertising and even closed down in a nationwide operation that is expected to sharply reduce rental prices in Tirana and elsewhere due to a sharp increase in rental vacancies. The nationwide ban of gambling that the Albanian ruling Socialist Party majority approved in late October 2018 becomes effective starting Jan. 1, 2019, banning electronic casinos from residential areas and temporarily freezing the booming sports betting industry until new legislation that could turn it into…