Austria is a country with rather complex gambling legislation but the license of this jurisdiction opens up new opportunities for casino owners. The permit is issued for a period of 15 years, and operators can work in the European market and pay a minimum tax.
Specialists of Smart Money offer you to learn more about the features of obtaining a casino license in Austria. With our help, you will be able to launch a profitable startup within the shortest possible time.
The permit for the opening of a land-based casino was issued in 1922, so the Austrian regulator has vast experience in controlling the gambling business. The special Commission also grants permits for organizing this kind of entertainment on cruise liners (today, there are about 100 of such establishments).
Online gambling has several formats: sports betting, virtual poker, lotteries, and gaming sites with slot machines.
Among the software that is used by operators, the most in-demand ones are video slots and card and table games of such brands as Greentube and Amatic Industries. Lotteries are drawn in Win2Day systems, and bets on sports events are placed with the help of Tipp3 solutions.
Legalization of the gambling business gives operators the following advantages:
In 2010, amendments of the legislation were made, and as a result, everything became a bit more complicated.
When applying for a casino license in Austria, you need to take into account the following nuances:
A casino license in Austria is granted if the company meets several conditions.
Submission of a complete package of documents by the applicant company
A legal entity must be registered within the country. The regulator requires the company's charter and documents confirming the purchase/lease of the office space
Licenses for online casinos in the Austria legislation (or offline locations) can only be issued if the company has opened an account with a reserve fund in a local bank
Business plan for at least a trimester
The documents must indicate the sources of investment, the company's goals, and the development plan
Conformity certificates of the software
It will be necessary to provide the documentary evidence of quality, operability, and security of software that will be used to organize casino games
Complete list of games
It is necessary not only to indicate all the game programs but to describe all of them
Operators need to name the financial modules that they are planning to connect to their casinos, describe them, and add information on payouts in the draws
Regardless of the jurisdiction where the license was obtained, Austria allows locals to enter land-based gambling establishments. At the same time, non-resident companies have not so many rights and powers as residents of the country (for example, a brand that has obtained a permit in another jurisdiction cannot freely advertise its casino in Austria).
A license of this regulator is a profitable investment since the document is issued in a country that has lived without disturbances and serious political changes for decades. Predictability of the economic environment creates favourable conditions for business development:
The Smart Money team offers gambling operators comprehensive support and assistance in launching online projects and acquiring casino licenses in any country in Europe, CIS, and Asia. Just leave an application to our specialists, and we will do the rest.
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