In Serbia, most gambling forms are legal and the main regulatory body is the Serbian Directorate for Games of Chance. Read on to explore the legality of different gambling activities in Serbia, the licensing process, and more about the regulatory body.
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Most gambling forms have been legal in the Republic of Serbia since 2006. When it comes to online gambling, these types of gambling activities are also legal and have been since 2011. The Serbian Directorate for Games of Chance is the main regulatory body, and it operates as a part of the Serbian Ministry of Finance.
Some of the primary responsibilities of the Serbian Directorate for Games of Chance include issuing gambling licenses and permits to facilities that want to offer games of chance in accordance with the main gambling legislation. The Serbia Regulatory Body is also tasked with determining the taxation system, licensing fees, and other costs related to running a gambling business.
In addition, the Serbian Directorate for Games of Chance is also the main regulatory body tasked with supervising the entire licensing application process to make sure all potential licensees conduct their business in accordance with the local law. The Serbian Directorate for Games of Chance also identifies its representative in the commission for drawing winnings in traditional games of chance when the drawing is carried out via live TV broadcasts.
The main gambling regulatory body for the Serbian gambling market also participates in the creation of new gambling rules and regulations within its power, maintains records and registers of gambling-related activities, plans and implements employee training, and provides workplace publicity, among other tasks.
Businesses that want to start any kind of gambling enterprise in Serbia have to get in touch with the Serbian Directorate for Games of Chane. The official website is available in English. It should be noted that only companies with an EEA (European Economic Area) or Serbian registration are eligible to submit a license application. While there can be a maximum of 10 licenses for land-based casinos, licenses for online casinos are not restricted. A company must have at least €1 million in capital and a minimum deposit of €300,000 or bank guarantee to apply for licensing.
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