TODAY.AZ / Sports

Official bookmaker points start to function in Azerbaijan

18 January 2011 [14:30] - TODAY.AZ
Official bookmakers have began to operate in Azerbaijan today.
The first game, in which bets are accepted, was a friendly match Kasimpasha (Turkey) - "Khazar-Lankaran" (Azerbaijan). It will start at 5.00 Baku time. By giving 10 manat for victory of the Azerbaijani club, a person will receive 26 manat if the club wins.

Azinteltek company, operating to open the points for receiving stake, prepared POS-terminals and conducted trainings to use this equipment. The Ministry of Taxes and the Ministry of Finance made a decision for the tax on this activity to hit up to 6%. All offices and points, working on an illegal basis, will suspend their operations.

The matches of the Azerbaijani Premier League are not planned to be included.

Aug.23, the Azerbaijani Cabinet of Ministers identified the share of funds from the activities of sports totalizators directed towards the development of physical culture and sports in the country.

According to the decision of the Cabinet of Ministers, roughly 4.25 of the funds made by the players of sports betting, will be directed to develop physical culture and sport in Azerbaijan.

Thus, the Azerbaijani government legalized the activities of bookmakers in the country. The Youth and Sport Ministry established the Azeridmanservis department, which will undertake management of the sport totalizators together with the Turkish company "Inteltex".


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