Slovak republic warns unlicensed gambling operators

11 Dec 2017

gambling operatorsThe Slovak republic has warned unlicensed gambling operators to terminate their business within the country or be forcibly shut down and heavily fined. More specifically, the Financial Directorate of the Slovak Republic has contacted a number of betting sites and online casinos that currently operate without a local license and has requested that they abide to the Article 15b(4) of Act no. 171/2005 Coll. on Gambling Games Amendment and Supplement, often referred as "the Gambling Act".

The Slovak republic amended the Gambling Act in 2017 in order to modernize and regulate the local market in a more efficient manner. It created a unified regulatory body that similar to other EU countries, is tasked with awarding licenses and blocking access to gambling sites that operate outside of the legal framework. This has proved to be a daunting task, as players are able to bypass the ISP blockings, while unlicensed operators are quick to answer by launching new mirror sites each time they are blacklisted and blocked. The Slovak Financial Department has subsequently announced they will not only shut down these sites but will also legally persecute any offenders and force them to be subjected to the following financial penalties:

  • From €5.000 to €50.000 to any natural person who promotes a gambling game or performs activities related to the promotion of a gambling game, for which no license pursuant to the Act has been granted or issued
  • From €15.000 to €250.000 to any natural person who operates a gambling game, is involved in the operation of a gambling game or performs activities in operating a gambling game for which no license pursuant to the Act has been granted or issued
  • From €5.000 to €250.000 to any legal person/entity for the promotion of a gambling game or performance of activity related to the promotion of a gambling game, for which no license pursuant to the Act has been granted or issued
  • From €15.000 to €500.000 to any legal person/entity for the operation of a gambling game or for taking part in the operation of a gambling game, for which no license pursuant to the Act has been granted or issued
The Court of the Slovak Republic has been requested to issue a court order to prevent access to non-compliant websites and prevent the execution of payments between players and gambling sites.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS