Bosnia and Herzegovina
Te undiscovered country Split into three entities - the
Federation of Bosnia and Herzegovina, Republika Srpska and Brčko District, each has its own gaming laws and
preferences in terms of gaming. What unifies the country is the desire to play
Prior to independence in 1992 Bosnia and Herzegovina was the second poorest republic in the former Yugoslavia region with an economy devoted mostly to mining, forestry and manufacturing.
Agriculture wasn’t developed and the country relied heavily on imported food. A civil war saw industrial and agricultural levels drop even further, inflation rates were high and unemployment started at about 30 per cent rising to 75 per cent in 1995.
When the war ended the country was split into two legal entities - Republika Srpska (Serbian) and Bosnia and Herzegovina (Muslim/Croat) and recovery began, although problems remained. Te war left the country in tatters with half the population displaced. Today, it is said some 98,000 people still remain displaced. Te country applied for EU membership in 2016, but corruption, high unemployment and ethnic tensions continue to hinder progress.
Bordered by Serbia, Croatia, Montenegro and the Adriatic Sea, Bosnia and Herzegovina is unique
P48 NEWSWIRE / INTERACTIVE / MARKET DATA
in that it is home to three main ethnic groups; is comprised of 10 cantons and, as a country, is divided into three entities – Republika Srpska, Brčko District and the Federation of Bosnia and Herzegovina.
In terms of politics, the Chair of the Presidency rotates among three members made up of a Bosnian, Croat and Serb, who each serve as the Chair for eight months within their four year term as members. Te next elections for the Presidency posts will be held in October this year.
Bosnia is the 74th largest export economy in the world, whilst its GDP in 2016 was $16.6bn with a GDP per capita of $12.100 and an economic growth rate of around two per cent (predicted growth rate is three per cent this year).
Whilst neighbouring Croatia is a huge tourism destination, BiH should not be overlooked despite only having a 25km slice of the Adriatic coastline. Te tourism market saw almost 1.15 million in total in 2016 (with 777,000 foreign tourists), a growth of 12 per cent whilst direct
contribution from this sector to the GDP was BAM711.1m (US$403.1m) or 2.5 per cent of GDP.
Te largest number of visitors came from Croatia followed by Serbians, Turkish and Italians and it is recognised as an undiscovered region with untouched nature and ancient traditions.
GAMBLING Certain types of gambling are popular in Bosnia
and Herzegovina mainly due to the fact that players are hoping to win to change their economic situation. Te country is divided into three entities – Federation of Bosnia and Herzegovina, Republika Srpska and Brčko District. Each of these have their own gaming laws and all are slightly different.
In Bosnia and Herzegovina the games of chance are divided into two categories – classic (lottery) and special games of luck such as casinos, slots and betting.
Tere are two casinos in the country and various sports betting shops and slot halls. Online gambling is well regulated.
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