of January 12, 2007 No. 219-III-ZRK
About gaming
The preamble is excluded according to the Law of the Republic of Kazakhstan of 08.07.2024 No. 116-VIII ZRK
In this Law the following basic concepts are used:
1) the hardware and software - set of the program and technical means providing information processes;
2) bet - the agreement based on risk signed by participants among themselves or with the organizer of gaming for the event outcome assuming prize in which they do not take part;
2-1) equipment for the organization and carrying out bet - the devices used for the organization and carrying out bet, allowing participants of bet to observe development and outcome of event on which result were relied by them;
2-2) beneficial owner - physical person:
which directly or indirectly possesses more than twenty five percent of shares in the authorized capital or placed (less exclusive and redeemed by society) shares of the legal entity or foreign structure without formation of legal entity;
exercising control over the legal entity or foreign structure without formation of legal entity otherwise;
for the benefit of which the legal entity or foreign structure without formation of legal entity make transactions with money and (or) other property;
3) bookmaker office - the organizer of gaming concluding bet with participants;
3-1) single system of accounting - set of the software and the technical means connected by means of networks of telecommunications to the hardware and software of bookmaker office and (or) totalizator and providing acceptance (implementation) of cash and cashless payments, including with use of electronic money, payment of prizes, and also performing the personified collection, processing and storage of information on each participant of bet the accepted rates on bet (including electronic) on each participant of bet, coefficients on bet outcome options, prizes and payments for them and other functions provided by this Law;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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