The Lebanese Betting & Gambling Act; New Sector of the Lebanese Economy Unlocked
Ministry of Business and Innovation Ministry of Culture, Tourism and Sport 11th of July 2038 BEIRUT The Ministers of Business and Innovation and Minister of Culture, Tourism and Sport have jointly announced and cooperated on the Lebanese Betting & Gambling Act. The Act's objectives as defined by the Ministries: (a) Allow local and foreign corporations to operate betting & gambling operations on Lebanese territory. (b) Regulate the establishment and operations of gambling & betting corporations through The Central Betting & Gambling Authority. (c) Enable local and foreign corporations to operate online store fronts in the Lebanese online gambling & betting market. (d) Allow the establishment of betting & gambling stores and casinos on Lebanese territory. The Act will come into effect on the 1st of August 2038. Several Lebanese corporations have allowed their intentions to begin operating gambling & betting brands, Beirut Enterprises has announced that they will be launching BeirutBET once the act comes into effect, Anghami Group will operate Arabahi and La Libanaise De Jeux plans to launch LibanBET as soon as possible. Beirut Industries International's subsidary Beirut Developments has announced that they are currently evaluating constructing "Mediterranean City" which they hope will become a gambling & betting hub of the Middle East and Arab World.
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