Established relatively recently in 2011, the Montenegro Gambling Commission is the main gambling regulatory body in the country. Read on to find out more about the Montenegro Regulatory Body and licensed gambling sites.
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Montenegro legalized land-based casinos back in 2006, and according to the primary gambling legislation, also called the Games of Chance Act, licensed casinos can offer their services and products. In addition, according to the main gambling law, games of luck are divided into two sections, one section with specialty games and the other one with lottery games.
When it comes to online gambling activities in this European country, Montenegro legalized most forms of online gambling back in 2011. This also marked the beginning of the main remote gambling regulatory body in the country, the Montenegro Gambling Commission. Unlike many European countries, Montenegro has relatively liberal gambling laws and regulations. Residents of Montenegro can legally join and play at online casinos licensed by international gambling regulatory bodies.
At the time of writing this, Montenegro is home to several land-based casinos. There are also online casinos, and these types of gambling establishments are monitored by the Montenegro Gambling Commission. The Montenegro Regulatory Body operates under the Government of Montenegro. The cost of obtaining a remote gambling license from the Montenegro Gambling Commission is around €75,000, and the total cost depends on different factors, including the type of license operators are looking for.
Gaming licenses are issued to operators that meet the licensing requirements, provided they have filled out official licensing applications. When it comes to gambling taxes, online casino operators invest 10% of their gross gaming revenues collected in a year in taxes. The same tax rate applies to other gambling establishments, including online sports betting, lotteries, bingo, and other instant-win games. When compared to other European countries, this tax rate is average. When it comes to gambling winnings, they fall into a tax rate of 15%.
International online casino operators can apply for licensing, but not many casinos, in reality, are licensed by the Montenegro Gambling Commission. With this being said, most residents register and play at online casinos licensed by other gambling authorities.
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