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The Current Casino Legislation in Slovakia and What Will Change in 2019

George Miller

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The Current Casino Legislation in Slovakia and What Will Change in 2019
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Here at European Gaming, we like to keep on top of all the latest news when it comes to gambling laws in European countries. After all, there are plenty of changes happening on an almost weekly basis, with a surprising number of revisions coming from none other than Slovakia.

A Brief History of Gambling In Slovakia

Alongside a number of countries once part of the Soviet Union, Slovakia had upheld laws regulating and banning gambling for a number of decades. However, in 1992, this law was revised and allowed Slovakian online casino fans to play at iGaming platforms as long as they operated within the country.

Over the next twenty years, these sites became increasingly popular, particularly those that provided online poker. There were even a number of Slovakian poker players who managed to become millionaires, including top Slovakian player Jan Bendik, who is thought to have raked in over $3.4 million.

Unfortunately, Slovakia’s government went off gambling again in 2017 and blacklisted a number of big iGaming brands, as well as introducing fines of up to €500,000 for anyone breaking the rules. Since these were recently implemented, the result of these fines is unclear, but it seems as though even the Slovakian parliament wasn’t happy with the decision.

The Turn-Around

Back in December, Slovakia’s parliament surprisingly drafted a brand-new gambling act, which would again transform gambling’s role in the country. The act, drafted by the Ministry of Finance, stated that off-shore online casinos can now operate within Slovakia as long as they buy betting and casino licenses. Each of these licenses will cost €3 million and last up to ten years, though the amount will be brought down to €5 million if a brand applies for both.

This new act will hopefully be put in place by March 1, 2019, though there will be some regulations upheld until June 1, 2019. Already it’s clear that operators and fans alike are ready for the new regulations to pass, with casino comparison sites offering all sorts of info from everything you need to know about free spins to which sites are the best overall for Slovakian players. Meanwhile, off-shore sites looking to operate within Slovakia will have to wait to apply on or after March 1, with licenses coming into effect from July.

Looking to the Future

Gambling has been a tricky subject throughout Europe for a long time, but countries that have already relaxed their previously strict online casino laws are experiencing great success. Denmark, for instance, is perhaps the world’s leading example when it comes to changing strict gambling laws. Romania, too, has an incredibly impressive gambling industry that now garners a significant income for the country since their new act in 2014.

Hopefully, after the new gambling act passes in a few months, Slovakia can also enjoy the online gambling world to the fullest.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Central Europe

Poland Gives 4% of the Gambling Tax Amount to NGOs

Niji Narayan

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Poland Gives 4% of the Gambling Tax Amount to NGOs
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Piotr Gliński, the Deputy Prime Minister and Culture Minister of Poland, has revealed that 4% of the gambling tax, nearly PLN 40 mln (EUR 9.4 mln), has been given to non-governmental organisations in Poland for the past year and a half.

Gliński, who attended the Third Forum of Associations from the Low Beskids in Iwonicz Zdrój, in southeastern Poland, said that the solution has been introduced by the government in Poland for the first time and in many countries, such concept has not been applied.

Gliński also added that thanks to these decisions, funds were created to promote civil society, culture and sport.

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CEEGC 2019

Gambling industry advertising regulation updates presented by Dan Iliovici (ROMBET) at CEEGC 2019 Budapest

Zoltan Tundik

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Vice President of ROMBET and former regulator, will present some of the latest developments and regulatory updates regarding advertising in the gambling industry.

Gambling operators are facing harsh fines all around Europe at this moment when it comes to stepping over the boundaries that are set by local laws regarding advertising.

While some of these laws that are in force are fully accepted by the industry and considered “moral”, there are some cases in which the regulator and legislator have not understood that in order to drive business and bring income taxes to the state budget, operators have to be pro-active in advertising.

At the 4th edition of the yearly Central and Eastern European Gaming Conference, which takes place on the 24th of September at the Ritz-Carlton Budapest, Dan Iliovici, the Vice President of Rombet will join the “Regulated Central and Eastern European jurisdictions” compliance panel discussion and share the latest insights on the subject.

Dan Iliovici is the former Romanian regulators and has been a guest speaker of CEEGC Budapest for the past 2 years.

About Dan Iliovici

Dan Iliovici is the Vice President of ROMBET – Romanian Gambling Organizers’ Association, one of the most important associations of the industry.

With rich experience in the gambling industry, former President of the Romanian gambling regulator – The National Gambling Office, Dan Iliovici is one of the personalities who contributed the most to industry’s professionalization. Along the years, he was involved in the Romanian market transformation into a consolidated and transparent industry, with a strong focus on responsible gambling.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the CEE and Balkans region via the CEEGC platform which is committed to bringing together industry shareholders and government officials from the region on a yearly base.

Register here or View the Agenda!

Browse the official event website here: www.ceegc.eu

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CEEGC 2019

Altenar announced as Sponsor at CEEGC2019 Budapest

Zoltan Tundik

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Award-winning provider of sportsbook services will join the sponsors’ list once again at CEEGC Budapest.

The 4th edition of the yearly Central and Eastern European Gaming Conference will take place on the 24th of September at the Ritz-Carlton Budapest and will focus on bringing together key industry leaders and showcase new business intelligence and provide a different angle of view on the already established and emerging market.

Register here or View the Agenda!

Browse the official event website here: www.ceegc.eu

Ever since the CEEGC platform has been launched it has been supported by many gaming industry leaders and there is no doubt that the team at Altenar finds it as a must-attend conference, they are once again part of the sponsors’ list.

As in 2018, Altenar are the “PEN, PAPER AND PAMPER SPONSOR” at the conference and are ready to start doing business with you!

You can view the Altenar Corporate Introductory Video here:

 

About Altenar

Altenar is a provider of sportsbook services to licensed gaming operators. Ranging from “software-only”​ product offers to the provision of a fully managed sports betting platform stack, Altenar offers proven stability coupled with flexible and personalized service. Our software is developed and operated in-house, whilst being powered by premium quality data feeds.

About the Central and Eastern European Gaming Conference

The Central and Eastern European Gaming Conference and Awards (CEEGC & CEEG Awards) has been launched in 2016 with the aim of bringing together gambling industry professionals, executives, and government representatives.

Every year, +125 like-minded delegates have the opportunity to discuss collaboration opportunities, learn about compliance updates and harvest the tech & marketing related information which is presented by industry leaders from the ever-evolving international gambling industry community.

Make sure you take advantage of this unique opportunity of learning and networking with the gambling industry in the CEE and Balkans region via the CEEGC platform which is committed to bringing together industry shareholders and government officials from the region on a yearly base.

Register here!

Browse the official event website here:  www.ceegc.eu

 

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