Reports CROATIA MARKET REPORT
To operate an online casino, operators must have at least one land-based casino in Croatia, whilst operators must also have their office registered and servers
located in the country. To operate online betting
Te first to launch in Croatia were Sport Tip and Prva Sportska Kladionica and today these two companies still dominate the betting market in the country.
Te bookmaker section boomed between 2005 and 2015 in what was considered the golden age. By 2006 there were as many as 14 operators with 1,900 betting shops registered. Te record year in 2014 saw a total turnover for Croatian betting shops of HRK5.75bn falling to HRK4.9bn in 2015. SuperSport apparently saw a net profit of HRK173m that year with HRK442m in revenues.
However, with high costs, many were struggling to survive whilst the economic crisis in Croatia, coupled with the introduction of a 20 per cent VAT on profits from gambling, many smaller
operators must have at least 100 employees and 50
betting shops open. Foreign platforms without a local licence cannot accept
players or payments from Croatia.
companies ceased operations and Croatia lost around 25 per cent of its operators.
In 2010 the Games of Chance Act ended the government monopoly on gambling via Hrvatska Lutrija and also legalised online gambling.
Shortly after joining the European Union in 2013 the government then revised the gambling law, and a new act came into force in January 2015 which also enabled sports betting companies to apply for online licences.
To operate an online casino, operators must have at least one land-based casino in Croatia, whilst operators must also have their office registered and servers located in the country. To operate online betting operators must have at least 100 employees and 50 betting shops open. Foreign platforms without a local licence cannot accept players or payments from Croatia.
A licence fee of €398,168 is required plus an annual fee of the same amount with a bank guarantee of €398,168. Tax is five per cent tax on GGR monthly.
WIRE / PULSE / INSIGHT / REPORTS P39
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