New Slotegrator Guide Provides Key Insights and Forecasts for Balkan iGaming Markets
slotscrapera global developer and aggregator of iGaming software, has published a comprehensive analysis of online gambling regulations and trends in each of these Balkan countries: Serbia, Bosnia and Herzegovina, Montenegro, Croatia, Slovenia and North Macedonia.
The company has been expanding its presence in the markets of the former Yugoslavia for almost 10 years. “Favorable licensing terms, a growing economy and an enthusiastic user base are just some of the reasons to open an online casino in one of these countries.” Slotegrator Notes.
In addition, in recent years, the countries analyzed have been digitized, driven by entrepreneurs’ desire to stabilize business performance, which has suffered fluctuations due to the COVID-19 pandemic and other factors, according to aggregator iGaming, which adds: “In the future, any business, including gambling, will likely go online or decide to create an additional online direction.”
Gambling has been legal in Serbia since 2006, and full regulations appeared in 2013. The company is controlled by the Gambling Administration (GCA) and a department of the Serbian Ministry of Finance and Economy, which issues the licenses.
The licensing process is simple – applicants need a share capital of €250,000, a bank deposit of €300,000 and a daily deposit of €10,000. The cost of a license for an online casino is €2,500 per month.
From the perspective of investment attractiveness, potential investors in Serbia should consider launching a betting platform. Casino games are popular, but the Serbs prefer sports betting. The love of sport is rooted in their culture – Serbs are very active, with a high rate of sports participation. They also follow sports closely and, as usual, bet on them. Football and basketball are the most popular sports to bet on in Serbia.
Bosnia and Herzegovina
Bosnia and Herzegovina has The highest number of betting shops per person in Europe, which is not surprising, given the high rate of participation in the game. The country is divided into three regions, each with their own regulations and requirements.
The Republika Srpska issues licenses for five years and has standard license requirements: the company must be registered in the country, have a deposit that will cover players’ winnings and prove the integrity of the founders. The price for an online casino license is 100,000 KM ($55,709). Holders of land permits in the Federation of Bosnia and Herzegovina are licensed to operate online casino games. Online gambling is prohibited in the Brčko district.
Residents of Bosnia and Herzegovina are fans of sports betting and prefer to make small bets. Football is the most popular sport here. Basketball, tennis, golf, rugby and Grand Prix are also common.
The widespread participation in gambling makes the country an attractive investment opportunity. Around 70.5% of Bosnians have gambled in a casino at least once in their life, 27% of respondents have gambled more frequently over a longer period, and 10% gamble weekly.
Gambling in Montenegro was legalized in 2006 and online gambling in 2011. Regulation is the responsibility of the Gambling Administration, which is subordinate to the Ministry of Finance.
An online casino license can only be obtained by operators of land-based gaming establishments registered as joint stock companies or limited liability companies. The requirements and period of validity depend on the type — lotteries, casino games, betting, slot machines, etc. Due to constant demand, most land-based gambling establishments are launching online projects.
Virtual gambling sites offer a wider variety of games than land-based gambling establishments. This is achieved through innovative products from online casino developers. For example, the APIgrator Slotegrator’s solution allows you to integrate over 7,000 games from over 100 licensed industry developers into a gaming site with one click, including slots, live dealer games, poker, virtual sports , card games and casual games.
Gambling audience in Montenegro is promising — almost 40% of Montenegrins periodically gamble in the casino and bet on sports. Montenegrins especially like the European and American versions of roulette and baccarat, blackjack, poker and punto banco. The list of favorite sports for betting includes football, water polo, volleyball, basketball and handball.
Almost all forms of gambling were regulated in Croatia in 2014. To open an online casino in the country, you must obtain a local license issued by the Ministry of Finance, as well as the operation of a land-based casinoas in Montenegro or Bosnia.
Gaming licenses here are valid for 15 years. To buy one, operators must pay an annual fee of HRK 3,000,000 ($431,648) and have at least HRK 4,000,000 ($575,514) in registered capital throughout the period.
Foreign platforms that do not have a local license cannot accept players or payments from Croatia. However, 82% of the Croatian population – nearly 24 million people – use the Internet, and there are 106.6 mobile subscriptions per 100 people, providing sufficient infrastructure for the development of online gambling.
Croatians love to play blackjack, roulette, baccarat and online slot machines. Like their neighbors, they bet on football, basketball and tennis. Mobile gambling is more common here than in neighboring countries, responsive web design is therefore an absolute must.
Slovenia has a moderate regulatory regime. Sports betting and lotteries are under a state monopoly, and only those who already operate a land-based gambling establishment can run an online casino. The country plans to liberalize gambling laws; the first attempts were made in 2013 and 2016. The obvious conclusion is that Slovenia is seriously considering opening its market to foreign companies.
The Ministry of Finance is responsible for issuing licenses. The operator must enter into a concession agreement with the country’s government.
News about the development of online gambling in Slovenia appears irregularly, suggesting that the gambling sector in the country is very conservative. The latest burst of activity was associated with the desire of some MPs to improve legislation and create a controlled market, so that, for example, users stop ignoring the betting monopoly and using the services of operators who do not have a license.
Despite the seemingly closed nature of the country’s gaming industry, Slovenia is considered attractive in terms of traffic, as there are hardly any restrictions on admission to gambling. More than 80% of the population uses the Internet, which contributes to the development of the online segment. Slovenian residents happily gamble in online casinos and bet on football, hockey and virtual sports.
Gambling in North Macedonia was legalized in 2011, but the industry is a de facto state monopoly; a majority stake in Macedonia’s National Video Lottery is held by local authorities, which received the first and only license issued in the country in 2014.
Popular games among locals are Jackpot Giant, Age of the Gods, Jungle Trouble, Starburst, Twin Spin, Gonzo’s Quest, Aloha Cluster Pays, etc.