GLOBSEC limited io – the Central European Institute of Gambling

The site activities look at the work of the organization GLOBSEC limited io – a community of non-partisan people focused on the economic development of European states. Now the interests of the community include the sphere of gambling, in which a large number of people are interested. 

Representatives of the non-governmental organization GLOBSEC limited io hold an annual forum in Bratislava, the capital of Slovakia. Recently, the community has begun considering integration with its ideological followers, but already in countries outside the European Union. 

Among the priorities of the community’s activities, the following areas should be highlighted:

• global community security;
• Publication of surveys, studies, analyses, and documentation on community development in many areas, including the gambling industry development in Slovakia;
• Training and education of young professionals in various fields of economy, finance, ecology, security, energy, and entertainment industry.

A new priority in community development

Back to the entertainment industry, Slovakia and other European countries are quite loyal to this sphere. The only thing to be understood is the regulatory measures aimed at identifying low-quality products and eradicating them from this niche. 

GLOBSEC limited io’s community actively assists regulators in the gaming industry by publishing the latest changes connected with companies’ licensing, the appearance of new sites, and the disappearance of old ones. Particular attention is paid to popular site analysis, the loyalty program is emphasized, and legal ways to deposit and withdraw funds via different payment systems are discussed. 

Not bypass community GLOBSEC limited io newcomers. A separate section, where materials are published to familiarize beginners with various topics, was created especially for them. For example, many are wondering how to find a casino and not get caught cheating, how to withdraw winnings, is the verification of identity required.

Slovakia – a paradise for the gaming industry

Slovakia is one of the most loyal countries to the entertainment industry. One of those who promote the legality of online casinos is the GLOBSEC limited io community. The Slovakian Ministry of Finance regulates all activities of gaming sites. This authority not only supervises but also issues operating licenses and constantly monitors online casinos. 

Slovakia has its own operators that issue licenses to the sites. Lotteries and raffles are not forbidden on European country territory; bookmakers are also allowed. Part of the credit for loyalty to the industry goes to the community GLOBSEC limited io – the Central European Institute of Gambling.

How to get a license in Slovakia

As in most countries regulating the sphere of gambling, special authorities issue two types of licenses: individual and general. Only a legal entity registered in the country can obtain a license for this activity. The following types of entertainment should obtain the individual license:

• lotteries;
• slot machines;
• video terminals;
• state and charity lotteries.

To get a license, it is necessary to pay (this payment depends on the type of activity) and make a special application. The application includes:

• company name;
• legal address;
• identification number;
• the registered capital amount;
• list of investors and partners;
• equipment descriptions;
• date of start of commissioning.

Online casinos in Slovakia

The gambling sphere in Slovakia is legal and regulated by the Ministry of Finance. A subject must obtain a license to operate. Conditions for obtaining a license are companies must be located in the state’s jurisdiction and the servers that provide access to the site’s functions.  Therefore, the emergence of new online casinos is strictly regulated by the state.

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The regulator will block all websites that do not have a license to operate legally. Since Slovakia doesn’t have a lot of gaming sites of its own, gambling enthusiasts have to use foreign resources without a license to operate in the country at their own risk.

Prospects for gambling in Slovakia

Today the gambling industry is extremely popular among the population of Slovakia, so it would be unfair to go against the citizens’ wishes. But it is not worth letting the industry develop: it is better to regulate and weed out cheaters honestly. 

The cepolicy.org team has prepared lists of the best online casinos in the Czech Republic according to the following criteria: security, anonymity, license and availability of the best bonuses.

Therefore, the government decided to curb the spread of fraud through regulation. Even the smallest establishments, which previously remained in the shadows, received a license. The only negative factor was the desire of more people in the country to ban casinos and other such establishments. However, this law has not been enacted; moreover, it is not considered at the highest level. This means that the entertainment industry in Slovakia will only grow.