Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling requires three elements to be present: consideration, chance and prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
Despite the upheaval caused by the civil wars that ravaged the former state of Yugoslavia before it broke up into six independent countries, gambling has remained legal since the initial 1964 act. Special games of chance were played inside casinos, but these were exclusively for foreign tourists, locals were in fact not allowed to enter such venues for a very long time. The first casino opened in Serbia’s capital, Belgrade, in the 1960s, and indeed locals were not allowed to enter. Serbia has a very strong gambling culture. Both land-based sportsbooks and land-based casinos are legal, and you can see hundreds of them in every major city.
Gambling licence holders are overseen by the Games of Chance Administration (GCA), a department within the Serbian Ministry of Finance and Economy. As well as insisting on a mandatory connection for all casinos to the GCA computer network for regulation purposes, the ministry also controls the national lottery, Norodna Lutrija. 바카라사이트 The government continues to work on the transformation of gambling laws seeking to completely close the black market and ensure full legalisation of all gambling institutions in offline and online fields. Serbian Gaming Board is responsible for the licensing, and overseeing of gambling establishments and activities in Serbia. The maximum number of land-based casino licenses is 10. Online casinos licenses are not capped.