Slovakia Planning to Loosen Gambling Regulations

This week the government of Slovakia announced plans to loosen regulations on the gambling industry, which if all goes according to plan, would go into effect in 2019.

The new draft law would replace the existing regulations, which have been in place since 2005 and would open the country to private companies. The country has blacklisted more than 200 gaming sites, and opening the country up would help bring a slew of companies back, which would help punters. For Slovakia's side, operators will have to abide by the country's laws to be legal. This includes paying a 23% tax rate to the state, which would be lucrative in funding various programs.

There will be a three-month lull in action while the European Commision investigates whether or not the regulations are in line with EU law. If all goes according to plan, the laws will be passed and the market will be opened on March 1st, 2019.

Commenting on the proposed changes the Slovak government said, "[The draft act] would take technological progress and the findings of regulatory authorities in other European countries into account more fully, while simultaneously improving the protection of players from possible harmful effects directly related to services provided in this sector.

The Ministry explained that operators would need to provide the newly created regulatory authority with access to a server so that it can have oversight of data."

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bgsharpe
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31 July 2018 - 2:51pm
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It sounds like a reasonable plan which should make happy the local players but also the operators, just one issue with that - I'm not sure how many of them would like the 23% tax stake which I think is quite high.

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