EEG Reports

Online Gambling in Serbia – Free Market Report

Published

8 years ago

August 5, 2016

As an ex-part of Yugoslavia, Serbia has seen the “light if gambling” for the first time in 1960. Serbians have been very fund to gambling, knowing the fact that by “zdrebe”, (i.e. gambling) people used to decide who will get a better piece of land. Like the country itself, the gambling industry has been subjected to a lot of dramatic transformation, and the peak of it was probably represented by the “Games of Chance Act” signed in 2004 with the mission of securing government funds for the gaming sector. Online gambling was controlled exclusively by Državna Lutrija Srbije, the country’s state lottery.

Ever since then, there has been a clear difference between ‘special games of chance’ and ‘classic al games of chance’. A very specific thing for the Serbian people, regulated the fact that ~Only the state lottery of Serbia can operate the “classical games of chance”~ thus owning a monopoly through the public company.

Classical games of chance consist in:

Lottery games

Sport betting

Keno

Tombola

..and telephone based lottery games (vocal or sms)

On the other hand, special games of chance consisted in:

Blackjack

American roulette

French roulette

Baccarat

Craps

Draw poker

Texas hold’em poker

Ultimate Texas hold’em

Caribbean stud poker

Casino poker

Caribbean 7-card stud poker

Omaha poker

Three-card poker

“Let it ride” poker

Sic bo

Money wheel,

Punto banco

..and Serbian-Russian roulette

Mirjana Aćimović stated that:

“Before the new law there were only 5,000 legally operated slot machines and 300 betting shops in Serbia. After 2004 there were 78 registered operators with 15,000 slot machines and 1,728 legally registered betting shops. This was huge achievement, but it is now necessary to continue with the hard work in this field and take it to the next level.”

Fortunately, after the New Act on Games of Chance was approved in 2011, the online gambling monopoly of the state lottery was dropped and allowed other operators to apply for online gambling licenses in Serbia, but only under specific conditions. One of the conditions was that the company must have a physical branch in the country (i.e. servers). Otherwise, risk being black-listed and blocked. But the most important part of the bill and the best news for all operators is probably the 5% gaming tax over a 10-year license, that offered many opportunities to those investors seeking very small taxes and good opportunities.

Nowadays, statistics mention that “sport betting” has the highest popularity in Serbia, especially in football and basketball sports both enjoying notable achievements. Another thing that helped shape the gambling industry in Serbia, was leading operator MaxBet that signed a deal with SBTech in 2013 in order to upgrade the platform, thus allowing the company to offer bigger variety sports for the people.

“This launch is an important step for the Seven Web Channel, since it is the first major customer running on the entire Seven Web,” said NSoft as Balkan Bet becomes the first operator to give out its products utilizing NSoft’s full SEVEN platform.

If you are a foreign player, you should probably know that even though the state’s national currency is the Dinar, most of the online casinos and betting web sites accept Euro. With over 2000 gaming sites that affiliated with Visa Credit, and 1700 listed with Mastercard and English language support, the gambling industry can be easily accessed by anyone.

If you are an investor, you might want to know how to get a license in Serbia. Here’s how! First of all your company needs to be *physical* present in the country. Once that is checked, you only need :

A minimum capital of € 250,000.
A Bank Guarantee Deposit of € 150,000 kept in a bank in Serbia.
A risk deposit of € 10,000 maintained by the company.
Also you need to go to Serbian Online gaming license which covers all E-games of chance, a fee of EUR 2,500 per month has to be paid

With the very small tax of 5% over a 10 year license, Serbia might become the first country in the region with a viable internet gambling policy. Thus, huge amount of money collected by fees taxes and other related expenses to the government could secure this promise to the country. The Serbian Ministry of Finance and Economy has a department known as the Games of Chance Administration (GCA).

Related Topics:dinars Gambling games of chance games of chance administration industry MasterCard max bet NSoft SBTech Serbia special Visa zdrebe

George Miller

George Miller (Gyorgy Molnar) 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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Bulgaria

Casino Technology announces Valentina Dobre as new Regional Director for Romania

Published

7 years ago

August 4, 2017

Zoltan "Hawkie" Tundik

Gaming equipment manufacturer Casino Technology has announced a new appointment for Romania to further strengthen the company’s management.

Following its steady plan for continuous market growth, the company named Valentina Dobre as Regional Director for Romania as of 1st of August 2017.

The company claims with Mrs Dobre’s profound expertise, professional background and in-depth knowledge of the gaming industry in the country, she became part of Casino Technology team, ready to implement the overall corporate strategy.

Valentina Dobre commented: “I am honored to accept this position and be part of the high level management team of Casino Technology. I will pursue actively further company positioning and growth on the Romanian market. Casino Technology has been on the country’s market for over 10 years and proved to be leader, having maintained trusted partnerships with local operators and customers.”

Casino Technology stated that Mrs Dobre’s background as Member of the Board of Directors at Romslot Association, Bucharest will additionally increase the Casino Technology market share.

“Valentina Dobre is an important appointment as she brings extensive knowledge of the market, that will help us boost even more our presence in Romania. She will have a crucial role in our further expansion, launching successfully our new line products on the market”, concluded Milo Borissov, Founder, President and CEO of Casino Technology.

Bulgaria

Two major announcements from BEGE Expo and EEGS: Mark your calendars

Published

7 years ago

August 2, 2017

Zoltan "Hawkie" Tundik

The Balkan Entertainment & Gaming Expo (BEGE Expo) and the Eastern European Gaming Summit (EEGS) celebrate their 10^th anniversary this year. Due to the big interest for both events the organizers made two major announcements – BEGE will outspread in one more hall and EEGS will start one day earlier than the announced date.

Over 50 leading companies from the industry have already confirmed their presence for BEGE Expo 2017. Well-known leading manufacturers, amongst them being Novomatic, Casino Technology, EGT, Suzohapp, BetConstruct, Interblock, Merkur Gaming, APEX, Alfastreet Trade, Nsoft, JPL and CPI, as well as new participants, such as the leading sports betting company Bet3000 (IBA-Entertainment Ltd.), EXEFEED, Quixant, Zitro, Change Italia s.r.l., Gamebridge Casino Equipment, JCM Europe GmbH, nano Vo sp. Z o.o., Berkotech Kft. and others will exhibit their latest solutions at this year’s BEGE. The great interest for the event forced the opening of new hall, thus making the 10^th edition of BEGE Expo the biggest so far.

The registration is already open so you wouldn’t want to miss the chance to register.

Another newness that BEGE Expo 2017 will present is the special Affiliate zone. Following the expansion of the online business in the region, this year the exhibiton will create space for online operators and affiliates from the region to interact and create business partnerships. Affiliate program providers will be able to book their own space in the zone and all affiliates will be admitted for free.

EEGS also promises to reach new heights this year. Reschedule your calendars, because EEGS 2017 will start on 20^th of November – one day earlier than intended. This year’s EEGS will continue to follow its main aim – to present the most recent updates from the region, including the countries Serbia, Romania, Greece, Bulgaria, Albania, Slovenia, Montenegro, F.Y.R of Macedonia, the Czech Republic, Slovakia, Poland, Turkey and Croatia.

Separate sessions will be dedicated to Sport Challenges, Impact on gaming operators by Anti-Money Laundering Act, GDPR and online gaming. Day 3 will be focused on Tourism & Gaming, Responsible Gaming Academy and marketing topics.

BEGE Expo and EEGS have gradually established as a center for the gaming and entertainment industry in Eastern Europe and for 10^th year in a row will be the place where professionals from the field come in order to expand their business, exchange knowledge and promote new products. For any updates you may follow the official websites of the events: eegamingsummit.com and balkangamingexpo.com

EEG Reports

Habanero signs an outstanding deal with BBIN

Published

7 years ago

August 2, 2017

Zoltan "Hawkie" Tundik

A new partnership agreement will see content from quality slots and table games developer Habanero go live with the BBIN Group.

Under the agreement, the supplier will give the software company access to its complete product portfolio of HTML5 games for all of its white label sites.

Recent releases from Habanero, including Fire Rooster, Bird of Thunder, and Panda Panda, have also been made available to the aggregator.

Daniel Long, Head of Sales at Habanero, said the deal was a game-changer for the supplier and one of the company’s most important to date.

He added: “By partnering with BBIN, we have significantly expanded our presence around the world, which means even more players will be able to enjoy our games.

“Many of them will be a natural fit with BBIN’s customers, but it is the diversity and variety of content that will appeal the most.”

Habanero operates a stable of 75 video slots titles, 9 table games, and 50 video poker titles, which are integrated into over 45 operators and aggregators and available in 21 European and Asian languages.