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Austrian-Polish-Albanian JV gets 30-year concession to monitor gambling industry

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4 mins read
9 years ago
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TIRANA, March 8 – An Austrian-Polish-Albanian joint venture has won the right to set up, operate and maintain an online central monitoring system on Albania’s gambling industry for the next 30 years pending the conclusion of contract negotiations, says the finance ministry. The winning joint venture is made up of “Admiral Sportwetten” GmbH, a subsidiary of Austria-based Novomatic Group already present in Albania with a chain of electronic casinos and having acquired the Lotaria Kombetare (National Lottery) from another Austrian company in mid-2016. The joint venture also includes Poland-based “ATSI” spolka akcyjna games and software designer and Albanian-owned MC Networking,…

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Story Highlights

  • The pre-electoral concession comes after the ruling majority approved in late 2016 a two-year extension to the a law disciplining gambling in downtown areas citing concerns over gambling businesses not being ready to move to tourist attractions and the possible spread of illegal gambling and the state budget losing millions of euros in taxes, in a move which comes following apparent successful lobbying by the lucrative gambling industry

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