Slovakian parliament approves iGaming legislation

Slovakian parliament approves iGaming legislation

Friday, December 7, 2018 Posted by News Team
Slovakia
Operators will be able to submit casino licence applications from March 2019

Slovakia is set to open its iGaming market to private operators after the country’s parliament approved the amended Gambling Act drafted by the Ministry of Finance. 

The legislation, which will allow operators with a physical presence in the country to offer online casino and sports betting, now passes to President Andrej Kiska to be signed into law.

Designed to bring Slovakia in line with other European states such as Denmark, Romania, Sweden and the Czech Republic, it will allow companies to apply for online casino licences from March 1, 2019. The market will then open from July 1 that year. 

However sports betting operators will have longer to wait. While they will be able to submit licence applications from July 1, 2019, they will not be able to go live until July 2020. 

iGaming companies will pay a 23% tax on gross revenue, with responsibility for collecting taxes to be handled by a dedicated regulatory body. This entity will also handle enforcement actions, and maintain the country’s blacklist of unlicensed operators. 

State-owned gaming operator TIPOS will continue to hold a monopoly on lottery, bingo and instant win games, but will compete against private operators in other online verticals.

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