Betting Sites in Myanmar

Myanmar is Southeast Asian Nations, is located on the border of the Burma Sea, India, Bangladesh, China, Thailand, and Laos. In January 1948 it opted out of the Commonwealth and formed the Union of Burma. Gambling has therefore become one of the biggest businesses in the Myanmar. To understand the gambling landscape in Myanmar, you need to understand sports betting and online betting platforms. As well as essential information from the history of gambling legislation to today’s top betting sites in Myanmar.

Betting Sites in Myanmar

1986: Total ban of gambling with GL 1986.

2013: The Myanmar Investment Commission only allows limited casinos.

2019: The Gambling Law of 2019 is an up-to-date regulation of the gambling sphere.

2013 & 2017: The achievements during the Southeast Asian Games.

2019: Myanmar national football team is through to the AFC Asian Cup.

Due to the current political situation in Myanmar, the gambling business has evolved over the years. At first, there was no form of gambling allowed in Cambodia because of the Gambling Law passed in the year 1986. But this was not to last as the Gambling Law 2019 (Pyidaungsu Hluttaw Law No. 13/2019) came into force and legalised different types of gambling and led to the establishment of casinos.

Main Events in the Development of Gambling Laws

  • 1986: The Gambling Law 1986 (GL 1986) was introduced which prohibited all forms of gambling in the country.
  • 2013: The Myanmar Investment Commission permitted casinos in limited zones for foreigners but this was not for long.
  • 2018: The Public Affairs Management Committee presented a Gambling bill.
  • 2019: The new Gambling Law 2019 or Pyidaungsu Hluttaw Law No. 13/2019 was enacted replacing Gambling Law 1986 and altering the gambling legal structure.

Regulatory Authority of Betting Sites in Myanmar

Many agencies in Myanmar have been put in place to oversee the operation of gambling to make sure that it is done in the right manner and with the populace protected. The functions of controlling the gambling business are given to the Ministry of Home Affairs and Internal Revenue Department.

Key Regulatory Bodies

  • Ministry of Home Affairs: Manages the daily running of the casino and enforces compliance with the set standards.
  • Internal Revenue Department: He is in charge of the Aung Bar Lay Lottery and the collection of taxes from the gambling businesses.
  • Myanmar Investment Commission: It is responsible in the approval and recommendation of the conduct of casino operations in certain regions.

Prohibited and Permitted Bets

Although the new law has eased some of the prohibitions some forms of gambling are still prohibited. That is why it is essential to know the difference between the allowed and forbidden bets.

Legal Forms of Gambling

  • Casinos: Foreigners only are allowed in and they have to do so with a license from the government.
  • Lotteries: Operational management is the sole responsibility of the Internal Revenue Department.
  • Skill-based Games: Legal to some extent.

Illegal Gambling Activities

  • Unlicensed Casinos: If there is any operation going on in the society without the authorization of the government then it is unlawful.
  • Unauthorized Lotteries: The regulation of running a lottery without a government permit is considered unlawful.
  • Unapproved Betting Houses: Betting in any other place other than the approved ones is prohibited by the law.

Gambling Licenses and the Applicable Fees

The legal systems require that the gambling entities acquire the necessary permits and pay the necessary charges. The process is very much controlled and requires the approval of certain authorities.

License Types and Costs

  • Casino License: Popular for running a casino business, the costs differ depending on the location and size.
  • Lottery License: Managed by the Internal Revenue Department the cost varies with the size of the firm and is determined beforehand.
  • Skill-based Game License: For skill games the fees are tendered depending on the type of the game that one is undertaking.

Taxation on Gambling

Taxation is an important element of the gambling operators that should be followed according to the legal framework.

  • Casino Revenue Tax: Out of the total revenue earned, a certain percentage of it would be given.
  • Lottery Tax: Rates which are set at a certain level by the government.
  • Skill-based Game Tax: They are charged depending on the revenue and the type of the game they are playing.

Best Betting Sites in Myanmar

Betting sites in Myanmar are pretty famous, and one can find many of them providing different choices for betting like sports betting and casino games. Here are the top three betting sites you should consider:Here are the top three betting sites you should consider:

Betwinner

Betwinner

Features: Provides a very extensive selection of sports to bet on, specifically football, basketball, and tennis.
Welcome Bonus: The first deposit bonus is 50% of the amount deposited and has a maximum of MMK 150,000 which is approximately $200.
Requirements: The initial deposit of MMK10,000 (which is approximately $7 USD) and it has certain terms and conditions regarding the betting.

Up To £100 Visit Site

MELbet

Melbet

Features: Combines the option of sports betting with casino games such as slot and table games.
Welcome Bonus: For the first five deposits, it allows up to MMK600,000 (approx. $400 USD).
Requirements: Welcome bonus of 100% of the first deposit up to MMK 120,000 (about $80).

Bet £30 Get £30 Visit Site

Megapari

Megapari

Features: It is most famous for its sports events and a rather impressive list of casino games to choose from.
Welcome Bonus: To MMK 500,000 (about 330 USD) in a three-step promotion.
Requirements: Offers a welcome bonus of a matched bet of up to MMK 150,000 approximately USD 100 and two more bets of up to MMK 175,000 each.

Up To £100 + 15% Free Bets Visit Site

The Evolution of Sports in Myanmar

The country has a proud sports tradition and many accomplishments to its credit. Here are five notable events:Here are five notable events:

Key Sporting Achievements

  • Football Glory: The national team emerged champions in the Southeast Asian Games in the years 2013 and 2017.
  • Olympic Success: Thein Aung bagged the gold medal in men’s 200m butterfly event in the 1964 Olympics that was held in Tokyo.
  • Boxing Excellence: Tun Aung was awarded with a silver medal in boxing at Olympics.
  • Martial Arts Champion: Aung La N Sang is the TWO TIME ONE Championship world champion in two weight divisions.
  • Golf Triumph: Zaw Moe became a champion in the Southeast Asian Games in the year 2017.

Neighboring Countries Gambling Laws

Learning about the gambling regulation in the neighboring countries will be helpful to comprehend the situations in Myanmar.

Thailand

  • Laws: Bans almost all types of gambling, lotteries and other betting activities are permitted but only those run by the government and only horse racing.
  • Regulatory Agency: Ministry of interior.

China

  • Laws: Gambling is also prohibited but there are some exceptions for instance, in Macau and state-run lottery.
  • Regulatory Agency: The Ministry of Public Security as one of the top government agencies.

India

  • Laws: All the states of the United States have different laws regarding gambling, some activities are legal and some are not.
  • Regulatory Agency: The central and the state governments.

Conclusion

Myanmar has a developing gambling market with new possibilities and still keepingregulations. As a local or a foreign investor, it is advisable to comprehend the laws and use credible websites when placing bets.

FAQ about Betting Sites in Myanmar

Related content

Betting Sites in Asian: Best Bookmakers

Betting Sites in Syria

Betting Sites in Syria

Syria is located in the Western Asia, specifically on the eastern Mediterranean Coast. It is neighbored by Turkey to the North, Iraq to the East, Jordan to the South, Lebanon and Israel to the West across the Mediterranean Sea. Syria ... Read More about Betting Sites in Syria
Betting Sites in Tajikistan

Betting Sites in Tajikistan

Tajikistan with its neighbors Afghanistan, Uzbekistan, Kyrgyzstan and China is located and became an independent state on September 9, 1991 with a presidential system of government. Tajikistan has come a long way from having gambling as an illicit activity to ... Read More about Betting Sites in Tajikistan
Betting sites in Iraq

Betting Sites in Iraq

Iraq is a country in southwest Asia and Northeastern region of Arabian Peninsula. The country known as the Republic of Iraq was established in the year 1958. This post will focus on the history of gambling laws in Iraq, the ... Read More about Betting Sites in Iraq
Betting Sites in Kuwait

Betting Sites in Kuwait

Kuwait is among the countries located in western Asia on the northwest coast of the Persian Gulf. It neighbours Saudi Arabia, Iraq and the Persian Gulf. It got its independence in the year 1961. Iraq invaded Kuwait on the 2nd ... Read More about Betting Sites in Kuwait
Betting Sites in China: Best Bookmakers

Betting Sites in China

The People’s Republic of China, founded on the 1st of October, 1949 is situated in East Asia and shares its borders with 14 other countries. It is one of the existing four ancient civilizations of the world which has about ... Read More about Betting Sites in China
Betting Sites in Philippines

Betting Sites in Philippines

The Philippines is an archipelagic country situated in the southeastern Asia, adjacent to Taiwan in the north through the Bashi Channel. The Philippines became an independent state on July 4 in the year 1946. In the current world, there are ... Read More about Betting Sites in Philippines
Betting Sites in Korea

Betting Sites in Korea

South Korea is situated in the southern part of Korean Peninsula in East Asia which is practically encased on three sides by water. On its western side, it is in contact with the Yellow Sea, to the southeast is the ... Read More about Betting Sites in Korea
Betting Sites in Qatar

Betting Sites in Qatar

Qatar is situated in the eastern part of the Arabian Peninsula, on the small Qatar Peninsula which goes into the Persian Gulf. It has tropical desert climate, low altitude plateau, and great proven reserves of oil and natural gas. Qatar ... Read More about Betting Sites in Qatar
Betting Sites in Jordan

Betting Sites in Jordan

The country of Jordan is situated in the western part of Asia and is neighbored by Palestine, Israel, Syria, Iraq, and Saudi Arabia; the only outlet to the sea is the Gulf of Aqaba. It attained independence and formed a ... Read More about Betting Sites in Jordan
Betting Sites in Taiwan

Betting Sites in Taiwan

Taiwan Province is one of the provinces of People’s Republic of China that is located on the continental shelf on the southeastern coast of the mainland China and is in contact with the Pacific Ocean to the east side and ... Read More about Betting Sites in Taiwan
Scroll to Top