Representatives of the Kyrgyz Parliament, responsible for the implementation of economic and fiscal policy, received a proposal to build a completely new gambling zone on coast of Issyk-Kul. The initiative was initiated by deputy Baktybek Turusbekov.

The functionary said that the implementation of the proposed bill could open up completely new opportunities for Kyrgyzstan both in the economy and in the tourism industry. In addition, casinos that will work only for foreigners will attract multimillion-dollar investments to the country that can ensure the sustainable development of the state.

“We already know that the authorities have banned sweepstakes and other representatives of the gambling business from working in the country. However, this ban has only a negative impact. We lost a lot of money, at least 540 million rubles, which could have been spent on social needs. In addition, the operation of the casino would provide employment for at least 11,000 jobs. My project is that the gambling zone will be available only to foreign citizens. It will be closed and inaccessible to local residents.”

He further added: “We must ensure that investors are transparent. I would like to note that this territory will have not only entertainment facilities, but also a large tourist area, a spacious hotel, currency exchange offices and restaurants. I also propose to introduce visa-free access here so that players can freely arrive, receive the necessary services and leave back. In the pursuit of profit, we must not forget about our citizens, who need protection. If for some reason a resident of Kyrgyzstan gets here and loses a large amount of money, the casino will be forced to return the entire amount to him. In this way, we will be able to impose mandatory liability on the operators.”

It is important to note that in the territory of Kyrgyzstan since 2012 gambling activities have been completely prohibited by a separate law on gambling business.

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