Slovakia adopts new gambling law

The Slovak Republic’s Parliament has passed a new gambling act that will enable foreign operators to enter the market.

10-Year Licenses will come at a cost of Euro 3 million each for online betting and casino.  Combined licensing will cost Euro 5 million for a five-year term and an option to renew.

The newly established Office for Regulation of Gambling will take over the regulatory role from the Ministry of Finance and funded through a 0.7 percent gross gaming revenue tax on lottery operators.

Licensed operators will pay online gaming taxes of 22 percent of GGR.

Operators on the country’s Blacklist, or who have received a Site Blocking Order or an Account Blocking Order under the old Gambling Act will be frozen out of the market for 12 months prior to the date of their licence application.

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