Applicants seeking bookmaker licences in Uzbekistan, including Russian companies, are reportedly being required to work with designated local partners during the licensing process. This development was highlighted by Nikolai Oganezov, an adviser to the general director of bookmaker FONBET, in comments to Gazeta.ru.
Concerns Over Licensing Practices
Oganezov, citing industry representatives, stated that the local partners imposed on applicants are not contributing their own capital to the projects. He also noted that after initial discussions, officials from Uzbekistan's regulator, the National Agency for Project Management (NAPP), have allegedly ceased communication and are not responding to formal inquiries from applicants.
Implications for Market Entry
The reported requirement to engage specific local partners could impact the ability of foreign and domestic operators to enter Uzbekistan's regulated betting market. According to Oganezov, the structure of shareholdings in the first licensed operators—Olimpbet and Oltinbet (Aurum Vale)—may provide insight into the licensing process and what is needed for a successful application.
Why This Matters for Industry Stakeholders
For operators and affiliates considering entry into the Uzbek market, understanding the regulatory environment and potential informal practices is crucial. The involvement of local partners and the reported lack of transparency in official communications may present additional hurdles for companies seeking to establish a presence in Uzbekistan. Suppliers and affiliates will need to monitor these developments closely, as they could influence partnership models and compliance strategies.
Key takeaways
- Uzbekistan reportedly requires bookmaker licence applicants to work with assigned local partners.
- Industry sources claim these partners do not invest their own funds.
- Regulatory communication issues have been reported by applicants.
- Operators are advised to review the shareholding structures of first licensees for guidance.