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Games of Chance AdministrationJurisdiction: Montenegro Type: Local Founded: 2015 gov.me
Montenegro is slowly becoming the new gambling destination in Europe, offering not only plenty of gaming action for high rollers, but also beautiful scenery to help you relax after a long day (or night) at the casinos. In these newly created circumstances, the country realized the need for new gambling licensing procedures as well, and they appeared in form of the Games of Chance Administration, a government body in charge of regulating all gambling activities in the country.
Online Casinos Licensed by Games of Chance Administration
There aren't many casinos licensed by the Montenegrin Games of Chance Administration. The licensing process for online gambling operators has not been in place for very long, though, so it is to be expected for this number to grow in the near future.
About Games of Chance Administration
Issuing Montenegro online gambling licenses is at the full discretion of the Games of Chance Administration. Those wanting to apply for a license will first need to set up a company in the country and obtain a license to operate games of chance. After this, the company can apply for an online license as well.
The license costs €25,000, but there are other costs connected to setting up an online gambling business in Montenegro. Once issued, the license covers all forms of online gambling. Operators that don't pass all the verifications will be provided with a checklist of necessary improvements they need to implement before the license can be issued.
Games of Chance Administration Licensed Online Casinos
Playing at the Games of Chance Administration Montenegro licensed online casinos provides players with access to many of their favorite games and a safe and reliable gaming environment. Although there are only few online casinos with this license at this time, we expect the number to grow significantly in the near future, so it is good to know that these casinos offer pretty much everything you’d expect to find with online casino regulated by much better known licensing authorities.
Although the Montenegro Games of Chance Administration is a new licensing authority, they have been very serious about their duties. All casinos regulated by this body have to be open about their business activities, and they don’t allow online casinos to transfer any money outside the country without a proper approval, protecting the interests of the players and the country alike.
Furthermore, the regulator does regular checkups with online casinos licensed by them, making sure the games are fair and all casino activities are in line with very strict laws and regulations required by the license.
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FAQIs the Montenegro Games of ChanceAdministrationa proper licensing body?Although new to the scene, the Games of Chance Administration of Montenegro is a very serious and strict regulatory commission operated by the country's government, constantly overseeing all of its licensees and making sure they play by the book.Are there many online casinos licensed by the Montenegro Games of Chance Administration?At the moment, no, but with this being a government-backed licensing body, there will likely be an increase in the number of operators featuring this license in the near future.What kind of games can I expect to find at these casinos?Casinos licensed by the Montenegro Games of Chance Administration offer all the popular slots and table games you’d expect to find at most other casinos licensed by the likes of the Malta Gaming Authority or the UK Gambling Commission.
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