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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
Photo Source: flickr.com
Reading Time: 2 minutes

 

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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CEEGC 2019

CEEGC2019 Speaker Profile (Hungary Briefing): Gábor Helembai (Senior Associate at Bird & Bird Budapest)

Zoltan Tundik

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Leading Hungarian Lawyer to explain the current situation and what is to be expected in the Hungarian gambling industry at CEEGC 2019 Budapest.

As announced earlier, the Hungarian gambling industry briefing will be part of the “Emerging CEE jurisdictions” compliance panel discussion at CEEGC2019 and will be joined by leading experts of the industry.

The briefing about the jurisdiction will be presented by Gábor Helembai, Senior Associate at Bird & Bird Budapest, who will once again share the insights he has on the what is to be expected in the upcoming period in Hungary. The panel discussion is important for operators and service providers who can have a direct impact on the market or harvest from their investments.

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 provides a 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!

 

About Gábor Helembai

Gábor is a Senior Associate in the Corporate and Commercial teams in the Budapest office of Bird & Bird. He advises on both domestic and cross-border transactions and investments in various industries. He has a special sector focus on gaming/betting, advising major online and land-based operators, and slot machine manufacturers on regulatory matters.

Gábor has represented clients in negotiating a concession agreement with the Hungarian State, assisted different clients from non-gaming industries in their gaming related matters (e.g. promotional games), and supported clients in transaction matters in the gaming sector.

Browse the official event website for more details: www.ceegc.eu

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Central Europe

Swintt premieres market leading games suite for Central Europe

George Miller

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Swintt Premieres market leading games suite for Central Europe
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Swintt, the innovative B2B casino games provider today announced that it has signed a long-term agreement to distribute established Central-European land-based game titles across its client base.

Swintt CEO, David Flynn commented on the agreement “At Swintt our focus is to deliver solutions and content for our customers which help them grow in their chosen target markets. This partnership agreement will provide an initial portfolio of 20 recognized, leading games which hold a significant land-based market share in Central-Europe. “

Flynn continued: “The partnership agreement enables an online premiere for this leading content. Given its recognized position in the local land-based market, I’m confident it will be a successful partnership for all involved. “

The new games, including such titles as Master of BooksTM and Heart of EarthTM are available for demonstration online at www.swintt.com.
For further information or to set up a meeting, with the Swintt team email: letsdothis@swintt.com

 

About Swintt:
Swintt is the innovative new star in the I-gaming market with the goal to become a leading digital gaming provider. Headquartered in Malta, with a staff of more than 70 employees and partnerships globally, Swintt delivers quality games built on local knowledge and data. We strive to build lasting relationships and increase player engagement through innovations in game design and retention tools. Our philosophy is to create sustainable gaming products delivered for a new generation of player.
For more information about Swintt visit: www.swintt.com

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Central Europe

Casino Fortuna Installs Konami’s Opus Slot Machine

Niji Narayan

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Casino Fortuna Installs Konami’s Opus Slot Machine
Photo Source: finedesignassociates.com
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Slovenia’s Casino Fortuna has installed Konami Gaming’s Opus video slot cabinet. Opus cabinet made its European debut with two integrated progressive games, both based on popular Konami classics: Solstice Celebration and Riches with Daikoku.

The machine’s launch was celebrated at the same time Casino Fortuna is commemorating its 10th anniversary. The machines provide an immersive gaming experience with a 65ins, 4K Ultra HD display.

“Casino Fortuna is always seeking fresh opportunities to give its guests a new dimension of entertainment and excitement. We are thrilled that Konami’s Opus cabinet and debut Triple Sparkle series was able to be part of Casino Fortuna’s anniversary, marking an important milestone for the company and for the larger European gaming industry,” Eduardo Aching, vice president, international gaming operations at Konami said.

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