GENERAL INFORMATION Montenegro, country located in the west- central Balkans at the southern end of the Dinaric Alps. It is bounded by the Adriatic Sea and Croatia (southwest), Bosnia and Herzegovina (northwest), Serbia (northeast), Kosovo (east), and Albania (southeast).
u
616,177 people was the estimated population of Montenegro in 2023.
u
US$ 7,400,000,000 was the Gross Domestic Product (GDP) in 2023.
u
US$ 12,016 was the Gross Domestic Product per capita in 2023.
u
US$ 1,135* gross per month was the average gross salary in May of 2024.
*Converted from EUR to USD, valid as of 16.10.2024: 1 USD = 0,92 EUR.
CORRUPTION PERCEPTION INDEX
Montenegro has an index of 46, ranked 63 and shares its position with Kuwait and Romania. 89,8 per cent of Montenegrins used the Internet in 2023.
WIDESPREAD WAYS OF E-COMMERCE PAYMENTS
Montenegro payment market shares into mobile transfers (75%), credit cards (10%), prepaid cards (5%), bank transfers (5%) and e-wallets (5%).
INTERNET COMMUNICATION BY POPULATION
Te most used social network in 36
Montenegro is Facebook (89.65%), then Instagram (4%), and last Twitter (2.23%), whereas other social networks are less popular (4,12%).
MARKET SIZE u
US$ 18,920,000 Gross Gaming Revenue (GGR) as projected in 2024.
REGULATED VERTICALS u
Land-based Casino (public tender) u Land-based Sports Betting u Slot Machine Hall u Online Gambling;
u
Lottery (with a monopoly of Lutrija Crne Gore).
TYPES OF LICENCES u
Land-based casino & slot machines u Land-based sports betting u Land-based slot machine hall
u
Online gambling license – in addition to the land-based license.
TAXES AND FEES PAID COST & TERM OF THE LICENCE
Tax type: Gambling tax. Taxable base: GGR (Gross Gambling Revenue).
Tax rates: u
Land-based casino: 25%; u Slot machine hall: 10%, but not less
1. Casino license (10 years, with a possibility to prolong up to five years)
Te annual license fee for land-based casino license is ~ US$109,000 per casino. Tere is also a fee of ~ US$55 for each slot machine operated in a casino.
than ~ US$ 44* per slot machine (per month).
u
Land-based sports betting: 15%, but not less than ~ US$ 605* per betting shop (per month);
u
Online gambling license: 15%, but not less than ~ US$ 11 000* (per month).
*Converted from EUR to USD, valid as of 11.09.2024: 1 EUR = 1,1 USD
VERTICAL
Land-based casinos Sports Betting
Slot machines club Online gambling
MONTHLY GAMBLING TAX 15% GGR 10% GGR 10% GGR 10% GGR
GOVERNMENT AUTHORITIES RESPONSIBLE FOR REGULATION OF GAMBLING BUSINESS
Game of chance administration (within the Ministry of Finance)
Website:
https://www.gov.me/en/ organizational-units
MONTENEGRO market report
first contact for expansion 4H Agency
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116
