Gambling soars in impoverished Albania - Tuesday 31st of March 2009

Albanians spent more than 100 million dollars on gambling last year, an increase of almost 70 percent on the year in one of Europes poorest countries, the tax office said Thursday.

"During 2008, Albanians spent more than 100 million dollars on gambling, including sports betting," compared with 60 million in 2007, the tax office said in a report.

Lottery, sports betting and casinos are privately run in Albania.

"For several years, the income from gambling and other betting activities has recorded a rather considerable increase," said Redian Kristo of the office that controls gambling.

The government body, a part of the Finance Ministry, was founded recently to monitor the gaming sector, which is suspected of abuse by money launderers.

Albanian authorities estimate that in January alone, money spent on gambling had risen by 30 percent compared with the same month in 2008.

The Balkan country has one casino, more than 20 bookmakers, 22 companies that organise gambling games and nine offering lottery tickets. Thousands of betting shops are scattered across the country.

A gambling law, in force since January, bans people under 18 from entering betting shops, but teenagers are often seen there, according to non-governmental organisations.

Media often report on poor people who commit suicide after failing to pay off gambling debts.

Other news from around the same time

Hidden slowdown at Macaus casinos - Tuesday 31st of March 2009

Construction may have been halted at several of the new casinos and hotels under development in Maca....


$200 million casino opening near Shelbyville - Tuesday 31st of March 2009

The new $200 million casino at the Indiana Downs horse track near Shelbyville is set to open.The tra....


Up to 2 casinos in Taiwan? - Tuesday 24th of March 2009

TAIWAN has taken another step forward in a move to lift a decades-old ban on casinos after it was de....


Compton hotel and casino listed for $16M - Tuesday 24th of March 2009

The Crystal Casino Hotel, a 238-room property in Compton, Calif., has been placed on the market with....


$200 Million Casino Opening Near Shelbyville - Tuesday 24th of March 2009

The new $200 million casino at the Indiana Downs horse track near Shelbyville is set to open.The tra....


London Hotel Poker Circuit Announced - Tuesday 24th of March 2009

Some really exciting news now of a fantastic looking series of tournaments in our Nations capital. F....


Group submits proposal for 4 casinos in Ohio - Tuesday 24th of March 2009

A petition seeking voter approval of casinos in four Ohio cities was submitted to the state attorney....


Gambling board renews Sunís casino licence - Monday 23rd of March 2009

THE Eastern Cape Gambling & Betting Board has rejected objections by the amaMpondo monarchy against ....


Bookmakers may have to start paying their way - Monday 23rd of March 2009

Bookmakers head to Cheltenham this week rubbing their hands at the prospect of £500m of turnover. Pr....


LeCroupier online casino coming for mobile! - Monday 23rd of March 2009

Mobile money riskers rejoice! LeCroupier, the new online casino, is launching a mobile version - dec....