Gambling in Luxembourg
The gambling business is legal in Luxembourg. The latest legislation makes exceptions for certain institutions and areas of the gambling business. As of 2017, Luxembourg has one casino and a national state lottery. The newly formed government plans to legalize new casinos.
In the country during the year, the revenue from surface gaming machines is about 38 million euros. The total revenue of the Luxembourg casino is 21 million euros. More than 400,000 people visit the facility each year. ambling is allowed in Luxembourg from the age of 18.
The online marketplace is largely unregulated. Luxembourg gambling business ranks third in the EU in terms of profit.
Gambling legislation
The main law of gambling in Luxembourg is the Gambling Law, which has been in force since April 20, 1977. There is also a list of laws and regulations that regulate certain areas of the gambling business:
Only two major operators operate in Luxembourg. Oeuvre Nationale de Secours Grande-duchesse Charlotte and Casino 2000, located in the resort town of Mondorf-les-Bains. Luxembourg Casino launched an active program in 2002 to protect against gambling addiction. All employees receive regular training. They update annually on training on how to identify problem players. Casino 2000 is considered to be the best in terms of software in the EU.
Gaming regulators
The Ministry of Justice issues licenses to private operators that offer customers sports betting, casino and lottery services. If the total number of lottery tickets is less than or equal to 12,500 euros, the permit is issued by the Council of Elders (Collège des Bourgmestre et Echevins) or the municipality where the lottery is held.
The National Lottery is regulated by the Grand Duchess Charlotte National Trust. It is a non-profit organization that reports to the Prime Minister and the Minister of State. Proceeds from the state lottery are used for charity.
Casino 2000 is the sole holder of a casino license. If another candidate for gambling production appears in Luxembourg, the State Council will investigate by law and issue a permit, depending on the extent to which the operator meets all the requirements.
Conditions for obtaining a license in Luxembourg
Licenses are issued for a limited period. Selects the time period - the Ministry of Justice or the local government. Permission includes:
The license will be revoked if the operator does not meet the requirements of any of these paragraphs. The license application includes:
In addition, it should be explained that the proposed games will be beneficial to the public. This implies that they do not upset the balance of supply and demand in the gaming market.
Licensed types of gambling
The following types of games are allowed in Luxembourg:
All types of poker can be offered only in casinos. The Luxembourg government has signed a deal with poker organizers. They have the right to hold any event on any platform (e.g. bar) if the rates do not exceed 50 euros. Casino games include:
Other games are allowed after proper investigation by the State Council.
Online gambling in the country
As for the online gambling business, the existing laws do not differentiate between land and online games. Thus, they are subject to the same rules that apply to ground operators. In practice, the only legal online brand in Luxembourg is the National Lottery. The Lottery Act explicitly states that the National Fund has the right to offer any form of lottery and sports betting, including online. That is, in fact, online business is a state monopoly. This goes against the provisions of the EU, but the Luxembourg government is doing nothing to rectify the situation. It is unknown at this time what he will do after leaving the post.
The best online casino in Luxembourg
The most popular online casinos in Luxembourg are:
Luxembourg has no policy regarding online casinos and does not block their sites. Therefore, operators can safely provide their services to residents.
Popular slot machines in the country
The most popular slot machines in Luxembourg are:
Gaming software makers
The Spanish company Zitro in Luxembourg is engaged in land and online slot machine software, its portfolio includes up to ten slot machines that work on two platforms. Also operating in Luxembourg is the London-based company iSoftBet. The company is a maker of slot machines and has more than 70 slots and casino games in its portfolio. The company has also developed an online gaming aggregator platform.
Conclusion
Luxembourg has a long history of gambling, as early as 1880 a bourgeois casino was opened in the capital of the Duchy. Its successor, Casino 2000 in Mondorf, has been licensed since 1980. The modern gaming industry all over the world requires special attention to the online field. The Luxembourg authorities have chosen a fairly prudent approach as they do not have the means to ban and block illegal resources. In general, the gambling business in Luxembourg is developing steadily and successfully.