Gaming license in Montenegro
Gaming business in Montenegro is developing with a great support from the government. In addition, most of the casinos in Montenegro are located in crowded places, which means that there are always many people. Obtaining a license in Montenegro allows to establish a land-based gaming. License for online games can be obtain only as an extension to the license for a land-based gaming.
Requirements
- Confirmation of company registration;
- Memorandum of association;
- Three-year business plan;
- Evidence that the company’s managers were not convicted of economic crimes and that there is no such criminal prosecution at the moment;
- Confirmation of ownership or the right to use the office space (for land licenses);
- Rules and description of games;
- Proof of payment of minimum share capital;
- Evidence of compliance with specifications;
- Confirmation of bank deposit or bank guarantee;
- Confirmation of payment of the administrative fee.
Requirements for bookmaker license:
- Operators must have a separate license for each gaming office they have;
- All bookmakers must be connected via the Internet to the controller system;
- Confirmation of payment of minimum share capital of EUR 75,000 is required;
- Confirmation of a bank deposit or bank guarantee of EUR 30,000 (as a guarantee for payment of fees and winnings).
Requirements for slot machines license:
- Not required when they are offered at the casino since the casino license also includes slot machines;
- Minimum requirements for the authorized capital of the company is 75,000 euros;
- Bank deposit or bank guarantee – 25,000 euros (as a guarantee for payment of fees and winnings).
Requirements for casino license:
- The list of documents that should be provided is determined in the public tender;
- Authorized capital – 300 000 euros;
- Bank deposit or bank guarantee – 90 000 euros, as a guarantee for the payment of fees and winnings.
Requirements for bingo license:
- Minimum authorized capital of a company – 75 000 euros;
- Bank deposit or a bank guarantee – 10 000 euros, as a guarantee for payment of fees and winnings.
Requirements for online games license:
- The operator should already have one of the types of on-land licenses;
- Authorized representatives (including directors and any other persons entitled to represent the company) of the casino are not convicted of economic crimes;
- Proper evidence that stuff is trained to work in casinos should be provided.
