On June 13, the Minister of the Presidency, Antonio Riberaygua, presented a draft bill for the regulation of gambling and games in Andorra.
While Andorra with its new gambling law wants to lay the foundation for a casino industry for the 10 million tourists that visit the Principality ever year, one of the five license categories created by the draft bill is for online betting, including sports betting and horse racing.
A newly established "Andorra Gambling Regulator" will be responsible for issuing licenses, sign agreements with gambling regulators in neighboring countries, define policies, oversee all gambling activities with a special attention to security and public order.
The Principality of Andorra is located in the Pyrenees on the borders of France and Spain, but it's not a member of the European Union.
Considered a tax haven, Andorra recently announced its intention to bring its taxation in line with international standards, making unlikely that any major online betting operator will consider moving to Andorra or setting up a new operation in the Pyrenees without a competitive tax rate.