The licensing authority responsible for licensing gambling operators in Montenegro is known as E-Gambling Montenegro. Established in 2011, this license authority was founded with the aim of providing all-in-one full services to gambling companies who are either starting or already operating gambling enterprises. In October of 2011, the Montenegro government announced the legalization of online gaming and the country soon began approving and issuing gambling licenses. In addition, licenses for online gambling hosting as well as for financial services would be introduced in January of 2012.
The authority touts its location in Montenegro as an advantage since it’s a politically stable region in addition to being a candidate of entry into the European Union and also adopting EU gambling legislation. Montenegro’s gambling regulations are certainly liberal as well considering that establishing a company takes only two days, gambling licenses take just a single week to acquire, and the corporate tax is quite low.
Type of Licenses
The E-Gambling Montenegro authority provides iGaming solutions that are geared to be client-specific for prospective gambling licensees. The authority has chosen to focus on having businesses up and running as fast as possible thereby reducing the risk while it handles all the pertinent legal formalities. Gaming licenses are processed and expedited in order to reduce the lengthy procedures of bureaucracy.
The E-Gambling Montenegro authority basically permits or allows all forms of e-gambling, except for lottery, and operators are free to apply for any of them. The online gaming licenses that are permitted by law include:
- Online casino
- Sportsbook betting
- Poker and card games
- Live casino
- Other internet games
The Games of Chance Administration which regulates the gambling industry issues licenses to operators who have signed a cooperation agreement with E-Gambling Montenegro. The Games of Chance Administration on its part has a drawn up set of clear regulations that operators who are targeting Montenegrin players must comply with. These requirements are few but quite strict. Once an operator has provided everything that the local authorities have asked for, then they are allowed to apply for licenses for a number of services.
To ensure that the gaming authority’s legislation would appeal more to investors, the Games of Chance Administration decided to offer gambling operators the full package which consists of; hosting, financial services and licensing. Taxes too are set at low levels with no minimum capital required, and the registration process will only take you two days. Licenses in turn can be issued within one week.
Additionally, prospective operators will need to produce documents of personal identity, signed power of attorney, a completed application form and an address.
The government of Montenegro adopted EU legislation which is structured to protect players while they enjoy the pursuits of online gambling. The government has also changed laws and regulations in order for the licensing and regulatory controls to be more responsive to the gambling environment in Montenegro. Working with the private sector, the government seeks to ensure that the country adopts a developed infrastructure that will support all the products and services which are essential to the gambling scene.
List of Licensees
To search for details of the gambling operators who hold licenses issued by the E-Gambling Montenegro authority, you only need to go to the licensing authority’s official website. Details of all active licensees, all applicants whose applications are pending as well as suspended or terminated operators can be found in the “Licensed Websites” section. This licensees tab is kept separate on the website which makes the search easier.
With the strict enforcement and harsh penalties for not adhering to the requirements set out by EU rules and regulations, Montenegro is able to effectively offer players a protected environment in which they can conduct responsible gaming. The Games of Chance Administration that regulates gambling works in conjunction with E-Gambling Montenegro as the mediator between gambling operators and online players.