An increasing number of countries is considering legalizing the gambling industry. In late 2019, the government of Uzbekistan decided to legalize sports betting business to boost the country’s sports industry. After a long wait, the legislation is soon to come into effect — but players are already out of patience.
Of course the legal status of betting doesn’t impact players’ appetite for it. Without local options, Uzbek players have become very active on offshore casinos and sportsbooks. With the market due to open soon, offshore operators and domestic entrepreneurs are faced with an incredible opportunity to get a head start on iGaming’s latest emerging market — jump to the bottom of the article to get started.
The first reason for considering the betting business as a potential source of revenue by the government is the effort to fight the outflow of revenues towards the black market. The second one is the Football Federation of Uzbekistan’s need for financial support in order to achieve success in the international arena.
In 2019 officials of Uzbekistan announced a resolution to develop the country’s economy by expanding its tourism industry. In light of the announcement, authorities planned to establish a legal gambling zone in Muynak, a well-known tourist destination.
The project included the creation of an independent administrative unit, which would consist of several hotel complexes, a shopping mall, gambling halls, poker rooms, and other forms of gambling entertainment.