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Legislation

Azerbaijan Approves Casino Legalization on Artificial Islands in the Caspian Sea

Thursday 10 de July 2025 / 12:00

2 minutos de lectura

(Baku).- Azerbaijan has taken a major step toward developing its regulated gambling industry, with the country’s parliament officially legalizing casinos on artificial islands during a session held on July 8.

Azerbaijan Approves Casino Legalization on Artificial Islands in the Caspian Sea

The new legislation permits casino operations exclusively on artificial land plots created in the Caspian Sea. Lawmakers backing the bill say the initiative is aimed at boosting tourism, creating jobs, and increasing tax revenues. It also seeks to curb illegal gambling and reduce the outflow of Azerbaijani players to foreign or online gambling platforms.

Under the newly adopted law, only licensed legal entities will be allowed to operate casinos. Operators must comply with strict financial transparency standards and adhere to anti-money laundering and counter-terrorism financing (AML/CFT) regulations. The law includes provisions for state fees, payout guarantees, and other regulatory requirements, with full government oversight from application to operation.

Participation in gambling will be restricted to individuals over the age of 21. The law also bans virtual or online casinos, reinforcing the country’s intent to maintain a tightly controlled and location-based gaming environment.

The legislation aligns with broader plans to position Azerbaijan as a premium destination for casino tourism in the region.

Notably, this move follows growing interest from prominent Azerbaijani figures. In October 2023, businessman and entertainer Emin Agalarov—also the former son-in-law of President Ilham Aliyev—publicly expressed a desire to open a casino at the luxury SeaBreeze resort in Nardaran, near Baku. Agalarov, who owns Azerbaijan’s first artificial island, revealed in an interview with Russian journalist Ksenia Sobchak that the government was evaluating proposals to legalize casinos.

Prior to the adoption of this law, legislation had already been passed to legitimize Agalarov’s artificial island projects, even though construction had already commenced.

With this new regulatory framework in place, Azerbaijan is poised to enter a new era of state-regulated, land-based gambling with ambitions of becoming a regional gaming and tourism hub.

Categoría:Legislation

Tags: Sin tags

País: Azerbaijan

Región: Asia

Event

GAT Expo CDMX 2025

28 de August 2025

GAT Expo Mexico 2025 closes with an international agreement and the creation of FIJA Federation

(Mexico City, SoloAzar Exclusive).- The 2025 edition of GAT Expo Mexico culminated with a historic announcement: the creation of the International Federation of Games of Chance (FIJA), the result of an agreement between GAT Events and the main regulators in Latin America. This milestone marks a new chapter of regional cooperation in the gaming industry.

Friday 29 Aug 2025 / 12:00

A Latin American Gaming Network is born: GAT Expo CDMX seals historic alliance between associations

(Mexico City, SoloAzar Exclusive).- As part of GAT Expo CDMX 2025, a groundbreaking agreement was reached among LATAM gaming associations, announcing the creation of a new platform where they can share information and build common visions for the industry.

Thursday 28 Aug 2025 / 12:00

GAT Expo CDMX 2025 marks a milestone: strategic alliances, innovation, and regional vision for the future of gaming in Latam

(Mexico City, SoloAzar Exclusive).- With more than 390 attendees, an impeccable production and a top level agenda, GAT Expo CDMX 2025 got off to a strong start at Expo Santa Fe. The first day not only brought memorable conferences and key debates on the future of gaming in Mexico, but also an announcement that could transform the regional regulatory panorama: a collaboration agreement between GAT and the Iberoamerican Board of Regulators. And it is just the beginning.

Thursday 28 Aug 2025 / 12:00

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