Gambling business in Montenegro
Gambling is legal from the day of the declaration of independence of the state, ie. Since 2006. At the same time, the Law on Gambling was adopted, which allows casinos and other gambling establishments to operate. Anyone over the age of 18 can play in both land and online casinos. The gambling business is regulated by the Random Games Administration. All forms of gambling entertainment are available in the country - starting with the lottery and ending with the online casino.
A prudent casino-oriented policy ensures a large influx of tourists to the country, as well as impressive contributions to the country's budget. It is noteworthy that the income from the gaming industry is found in many social programs. Thanks to a quiet political and economic environment, Montenegro attracts the attention of many foreign investors. Capital for the development of the gambling industry is coming from all over the world, allowing local gambling establishments to compete with the best casinos in Europe.
Today the Montenegrin gambling business is one of the most successful and actively developing. The state is a leader in all countries of the Balkan Peninsula in terms of the level of casino development. There are several legal casinos and more than 500 gambling houses in the country and their number is constantly growing. The largest casino - Maestral is located in Pillar Stephen. It has 18 gaming tables, 133 slot machines and video poker. By the way, according to statistics, almost 40% of the country's adult population regularly participates in gambling.
As for online games, it has been legal here since 2011. The gambling administration has created favorable conditions (both legally and economically) for the successful development of this industry. A large proportion of foreign investors make their own contribution to the development of the online gambling business. As a result, operators have been able to open online casino sites in Montenegro.
Peculiarities of regulating the gambling business in Montenegro
The organization and control of gambling in the territory of Montenegro is regulated by the Law on Gambling adopted in 2006. This regulation divides gambling into two broad categories: lottery and special games. Lottery games include:
The current legislation of the Republic of Montenegro performs the following functions:
Establishes the rules for organizing and conducting gambling, as well as a list of relevant restrictions and mandatory requirements for organizers, gambling establishments and their visitors;
Establishes the procedure for issuing a permit for work related to the organization and conduct of gambling;
Fixes, prohibits and suppresses the activities of operators who violate the law.
By law, gambling entertainment is organized in the public interest. The funds received from the gambling business are used to meet the needs of social and humanitarian activities, program activities for young people and other purposes established by law. The state strictly controls the gambling industry and enforces the age limit (18 years).
In terms of legislation, entities that control the gambling market should pay special attention to the mental health of players. They also need to devote enough time to money laundering. This, in turn, helps reduce the risk of gambling business being criminalized, protecting players from cheating, and eliminating the negative manifestations that accompany gambling.
Companies registered as legal entities have the right to engage in gambling business. They must obtain proper registration by way of concession. Concession means the transfer of the right to use gambling equipment and gambling by the state to a limited liability joint stock company located in Montenegro. In return, the state gives the joint stock company remuneration in the form of lump sum or periodic taxes.
Due to preferential mechanisms, the state arranges and operates gaming through a number of controlled operators.
Gambling Regulators and Laws Governing the Gambling Industry in Montenegro
The main regulatory body of the gambling business is "Gambling Administration". According to the Law on Games, all control functions are performed by an authorized employee. His duties also include specific functions related to gambling control. The authorized employee is obliged to attend the opening, arranging and closing of tables and slot machines in casinos (gambling clubs with slot machines), as well as the daily payment of cash registers and other activities related to the activities of gambling establishments. .
Licensing in the gaming industry
Almost any entrepreneur who decides to start a gambling business on both land and online casinos) can get a gambling entertainment license. Each type of gambling requires a separate certificate of registration. For example, a slot machine certificate is issued for a period of 3 years, with the possibility of renewal for another 2 years. After the expiration of the certificate, the documentation is re-submitted and verified.
To get a gambling business license, you need to go through several pre-stages:
Casinos are not taxed.
Online Games in Montenegro - The Montenegro Gambling Commission makes the decision to issue an online gaming license. It is true that bad rumors are spread around this organization. He is accused of issuing licenses to operators convicted of working with unlicensed software on NetEnt and Greentube. Nevertheless, it continues to operate with the permission of the Montenegrin government.
Gaming licensed species
Among the licensed types of games in Montenegro:
Under the current legislation of the Republic of Montenegro, there are no restrictions on online gambling. Montenegrin players have access to numerous online casino sites set up by local or foreign operators. As a rule, online casinos in Montenegro are characterized by consistently high quality, fairness and the latest slot models. Casino software servers are located within the country.
There are currently 191 online casinos with interfaces in English and Montenegrin. In addition, they all receive taxes in euros.
Popular slot machines in Montenegro