Montenegro Games Of Chance Administration Gambling Online

Montenegro is a beautiful country in southeastern Europe, located off the coast of the Adriatic Sea. The most contemporary surveys show that this Balkan nation has a population of approximately 621,000 people, with a big chunk of that, almost 30%, living in the capital Podgorica. The most commonly spoken languages are Serbian, Albanian, and Bosnian, with many people also able to communicate in English.

Montenegro and the Bitcoin Gambling Industry

Montenegro, although mostly associated with tourism, is a big player in the Bitcoin gambling industry, with many Bitcoin gambling sites calling Montenegro home. Playing casino games in physical locations has been legal in this country since its independence in 2006, with the legalization of online crypto gambling taking place in 2011. The very next year, in 2012, Montenegro took a step further with the creation of a committee responsible for issuing permits to online casinos like Bitcoin gambling sites. The government body issuing these licenses is the Montenegro Games of Chance Administration (MGCA).

Responsibilities of the MGCA

In addition to issuing permits to Bitcoin gambling sites, the Montenegro Games of Chance Administration is also in charge of monitoring the proper management of any operator, ensuring that all Crypto gambling operators in the country follow tax laws. Additionally, the MGCA performs regular reviews to guarantee adherence to licensing terms.

Safety & Player Protection

The regulations enforced by the MGCA on Bitcoin gambling casinos are accepted worldwide. Montenegro has adopted the highest standards present in the European Union to make gambling as safe as possible. All online crypto gambling platforms that want to be licensed here must guarantee the proper and timely payment of fees and winnings to players, adopt anti-addiction measures, and prohibit underage gambling. All in all, the Montenegro gaming license is respectable, ensuring that players can gamble in Bitcoin gambling casinos without worrying too much.

MGCA & Complaints

As of today, and despite heavy research on our part, we failed to find any specific website that players can use to communicate with the authorities of Montenegro. Therefore, gamblers should contact the Bitcoin gambling platforms they play on to find solutions if they face any issues. In some cases, they will also be able to contact the Bitcoin online casinos certifiers who can offer assistance.

The MGCA Licensing Process

To get a license from the MGCA, all Bitcoin gambling operators must first incorporate themselves in the country and open a physical location. Operators can either merge with an already existing Montenegrin corporation or simply create a new LLC company. Additionally, the identity of the owners of all Bitcoin online casinos based there must be revealed, with the MGCA ensuring they don’t face any money laundering charges or criminal convictions. Furthermore, Bitcoin gambling sites must have a dedicated server that transfers data to the MGCA and provide a clear description of all the games that will be offered.

This whole process shouldn’t take more than four months, with the cost being approximately EUR 280,000. The license issued by the MGCA covers all types of online gambling that can be found in crypto gambling casinos.