Reports SLOVENIA - MARKET REPORT
“Due to the fact that the law has so far either not prescribed, or has not prescribed the minimum concession fee rates, the minimum concession fee level is set for the permanent organisation of Classic Games of Chance and other types of Special Games of Chance in casinos in the amount of five per cent of the base and for Special Games of Chance in gaming halls the amount of 20 per cent of the base.”
Although Slovenia was the last European country to regulate online gambling it is still not fully liberalised. Until 2016 only online lottery (via the monopoly run by the Slovenian National Lottery), online bingo and online sports betting (via a monopoly run by Sportna Lottery) were permitted.
In 2016 online casinos were permitted although, at this present time, the only licensed online casino in Slovenia to be operated is run by Casino Portoroz.
HIT Casinos, for example, operate an online casino for the Italian market via
HitStars.it.
Te current online gambling legislation is not EU compliant and has been the cause of much controversy behind the scenes. Slovenia players however can access foreign sites and play freely and are not prosecuted or fined.
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.
It is said that between three and five per cent of Slovenians have gambling issues. Te argument for the new amendments would bring more taxes and therefore more funding to help with gambling addiction programmes.
It is estimated than Slovenians spend around €300m on foreign online bookmaker sites compared to €100m spent annually on Slovenian betting sites via Sportna Loterija.
Many major EU and Balkan betting companies are interested in entering the Slovenian market once it is liberalised. With Balkan roots it is thought the Balkan companies may have more appeal to players due to cultural ties and links with the country.
Under the current Gaming Act companies wishing to apply for a concession to operate Special Games of Chance in a casino must be 100 per cent owned by a Slovenian company whilst joint stock companies must meet certain requirements in terms of share capital. Te new amendments will remove these restrictions and
P86 WIRE / PULSE / INSIGHT / REPORTS
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