open up the market to more foreign investors.
It is anticipated that the changes will see a reduction in the number of gaming halls and an increase in larger scale operations. Tis ties in with the increase in the number of slots required per gaming hall which would be increased from 50 to 100.
GAMBLING BACKGROUND
Gambling in Slovenia has changed just as much as the political landscape. Gambling was at one time seen as a privilege for the upper social classes whilst the lower classes were not even permitted to gamble.
In 1962 a federal law on games of chance was adopted and this regulated lotteries, bingos, sports betting etc. Initially gambling funds helped provide resources for charitable purposes. In the mid 1960s the first legal casino
would bring casino clients across the border and sent a proposal to the government to allow casinos in other cities. Tis was refused initially and it wasn’t until 20 years later in 1984 that Nova Gorica finally secured a gaming licence.
Casinos were at the time highly profitable. Tey paid only eight per cent tax on GGR prior to 1986 and with casinos in the best tourist locations they attracted wealthy customers and a big inflow of foreign currency.
Tis enabled the resorts to develop and considerable investments were made in the regions in terms of infrastructure including airports, marinas and golf courses.
By the early 90s when Slovenia achieved independence things began to change. Te transition to a new economic and political system affected the Slovenian gaming companies and gaming prohibition for Slovenian
Slovenia has always had a relatively conservative approach around gambling due to the risks associated with gambling. A small, closed, and non-competitive market is often seen as easier to control with less effort required to regulate. However, with many players turning to
foreign betting sites, not only is the state loosing out on concession fees and gambling taxes, players are also not protected under Slovenian law. In turn the market then becomes more difficult to regulate and control.
was opened and amendments were added to the federal act and the Slovenian Gaming Act was introduced in 1965.
Casino Portoroz opened its doors a year before the Act was introduced and it began as a pilot project. At the time only foreign players were allowed to enter the casinos with wagers accepted in foreign currency. Te casinos had to be established in major tourist areas and at the time only Portoroz and Bled (which opened in 1965) qualified.
Nova Gorica realised that its proximity to Italy
residents was scrapped and many bars and restaurants began to operate slot machines and gambling began to boom.
Te market was largely unsupervised and this led to huge problems and eventually slots were removed from bars and transferred into licensed only gambling halls.
In 1995 the Gaming Act was adopted which divided the market into Special Games of Chance (table games, dice games, slots and bets) and Classic Games of Chance (lotteries, bingo, sports betting, sports pools) which was
WIRE / PULSE / INSIGHT / REPORTS P193
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