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Slovakia Online Casinos

Slovakia is a recent member of the European Union, joined in 2004, and in 2009 also became a part of the Eurozone, meaning that the currency used is the Euro. This small country with a population of just 5 421 349, census of 2015, borders with the Czech Republic, Austria, Poland, Ukraine and Hungary, and has Bratislava as capital. The official language is Slovak.

In the present, there are more than twenty land-based casinos in the country, and there are other gambling options like lottery and bookmakers. We can find betting shops and even slot machines spread over pubs, coffee shops, and bars.

The leader in Slovakia for the gambling market is Fortuna SK, running over 350 betting shops and holding the monopoly for the sector. The only alternative to their gambling services is foreign operators.

Horse racing has a long history in the country, going back to the 19th century, and these days is seen as a traditional betting activity monitored by the Direcktorium Fur Die Slowakei, generating big annual revenue. The existing lottery is the responsibility of the government and the company responsible for it is Tipos, also the biggest provider for online bets.

Legislation

The legalization of gambling in the country happened in 1992, after the end of Czechoslovakia, where heavy control and restrictions existed. Later in 2005, the Slovakian Gambling Act started to produce effects, and it’s the main gambling legislation of the country, covering all the requisites operators need to follow to be active in the country. It’s also predicted by law the control of gambling activities, and supervision of gambling equipment.

The Gambling Committee depends on the Ministry of Finance is responsible for regulating gambling, approving law amendments and issuing licenses. The Committee is not making a big effort to issue these licenses, as the number is really low, and also the Finance Ministry is yet to issue the first license to a fully functional online casino.

On the other hand, in Slovakia the authorities don’t restrict foreign sites, so the locals can place their bets on any site. Unlicensed operators are not blocked, but local operators are not allowed to provide online services, so the result is an unregulated and unfair market.

Online Gambling

Law 171/2005 made online gambling legal in Slovakia, sections 9 and 29 of the Gambling Act, and are sector is the responsibility of the Ministry of Finance. The taxes paid to follow a 27% formula that is the difference between payoffs and the money generated with bets.

Companies operating in Slovakia need to have their servers located in the country, but the conservative approach from the local authorities giving licenses make it very hard or impossible for a poker site or sportsbook to be established and popular.

While the local sites are not up and running, Slovakians can play on sites from foreign operators freely, as the government is not prosecuting those cases. The absence of licensed operators makes that the mobile gaming industry is not being properly developed either.

Gambling Online in Slovakia

Gambling online in the country we do find 281 sites that are in English and in Slovakian, so there are a few places we can pick from for quality gambling.

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