Slovakia Submits New Gambling Rules To E.C.

Published Thursday, September 06, 2018 - Online-Casinos.com
Slovakia Submits New Gambling Rules To E.C.

Slovakia has recently announced it will introduce a new draft legislation to the European Commission with a focus to introduce major changes in the way the country regulates the gambling industry. Liberalising the Slovakian gambling market is the aim of the new legislation making it possible for offshore gambling firms to enter the market in the jurisdiction. The Slovak Ministry of Finance submitted the draft to the European Commission in July of 2018 has a delay period of three months while the draft is reviewed.

The legislation will let the monopoly provider Tipos to maintain its hold in sectors of the industry such as online lottery and bingo. Offshore operators will be able to offer online casino games with a regulated authorised license. The regulators have been using models that other jurisdictions have found to be successful with the authorities saying they have reviewed, “the technological progress and the findings of regulatory authorities in other European countries into account more fully.”

A new authority The Regulatory Office of Gambling is expected to be created to control the industry and issue the appropriate licenses to international operators of gambling services. Commenting on the recent changes The chief of the Association of Betting Companies of the Slovak Republic Peter Papanek said, “The state began blocking illegal companies. But that was only the first step. Now comes the second, clear rules for everyone – anyone who wants to offer online casino games will be able to do so if they meet the prescribed conditions.” Papanek continued, “Experience from abroad shows that, if the state wants to intervene against tax evasion and illegal gambling, it must go through the liberalisation of the market and the setting of fair conditions, inter alia, to motivate operators to operate legally.”

The Remote Gaming Association is critical of the draft with Pierre Tournier, RGA’s director of government relations saying, “We argue that this provision is discriminatory against European companies, is not based on sound public-policy objectives, and is effectively aimed to protect local sports betting licensees from competition,”

 

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