Snow-capped Alps and marzipan candies are not the only things that make Austria famous around the world. The country offers excellent opportunities for conducting business, including gambling activities.
2WinPower specialists collected up-to-date information about the nuances of launching a casino in Austria. We will tell you how this offshore market is regulated, what requirements are put forward for investors, and describe the advantages of registering a gaming platform in this European jurisdiction.
The launch of online casinos in Austria can bring the following benefits to the business owners:
The gambling industry in Austria is characterized by a legal work format, which is controlled at two levels: the federal monopoly and local branches. The first category includes ground-based clubs. The offshore zone issued 15 licenses for conducting land-based business. All of them are the property of the Casinos Austria AG brand. More than 7.5 million gamblers visit the monopolist’s establishments annually.
The company proposes the following entertainments:
Provincial legislation has the right to regulate only the betting industry. Operators receive work permits from representatives of local authorities. Moreover, federal control is absent in provincial gaming halls. Such establishments can offer customers no more than 50 devices. The size of the bet is limited to ten euros. The fixed maximum prize makes up 10 thousand euros.
The lottery business is also monopolized. Draws are organized by the Österreichischen Lotterien company.
Lottery and casino licenses in Austria can be issued by the Ministry of Finance.
Permits are given based on such regulatory acts as:
The virtual industry of the country belongs to an absolute monopolist, Casinos Austria AG. The brand has been known in the domestic market for 15 years.
Only lotteries and poker tournaments can be held in online casinos in Austrian legislation. All offers are integrated on the Win2Day platform. The software from Tipp3 is used for sports betting.
Regardless of the gaming format, the casino license in Austria is issued for 15 years.
Speaking of the preferences of the local gamblers, it is worth mentioning that the software from the local Greentube concern is used by most online casinos in Austria. The second most popular developer is Amatic Industries. The portfolio of this brand includes a wide range of roulette variations, thematic slots, and lottery terminals.
The first permission to build a gambling house was issued back in 1922. Since then, monopoly holding companies have gained popularity not only among the local population but also far beyond the borders of the country.
For example, Casinos Austria AG has 15 branches in other states. In total, 57 establishments operate under the leadership of this company. In addition, the concern owns about 100 cruise ships with full-fledged casinos onboard.
The most famous Austrian gambling houses
The name of the establishment
Casino in Baden (Austria)
According to Сasino Baden (Austria) player reviews, this is one of the most luxurious gambling halls in Europe. Guests of this establishment have the opportunity to gamble in a building dating to the early 20th century.
Here are the main features of this gaming club:
the casino begins its work after 7 pm;
the visitors should follow the strict dress code (only cocktail or evening wear);
the presence of an identity document (with photo) is required;
the age of visitors starts from 18 years;
the entrance fee is 23 euros.
The first establishment was built in 1950. However, the authorities decided to expand the casino activities due to an increase in the flow of customers. Since 1989, the gambling house has been able to service up to 4 thousand customers at the same time.
The complex has an outdoor gambling area, a bar, a restaurant, a food court and a terrace overlooking a lake
Casino Salzburg (Austria)
The establishment is located in a real palace, which is a local attraction. The building, implemented in the Rococo style, was often used as a film set.
Today, real money games are often combined with performances of famous pop singers and theatre shows here
Obtaining a casino license in Austria is possible only for local entrepreneurs. This means that businessmen wanting to open online casinos in Austrian legislation should register their companies in the territory of this state.
Moreover, the following requirements are put forward to the applicant:
Gambling is one of the most profitable forms of investment in Europe. Austria is a perfect jurisdiction for conducting a gaming business. The country has a stable economic environment and loyal tax conditions.
Contact 2WinPower managers, and our experts will solve all the issues related to the preparation and submission of documents for the purchase of a license in Austria. A professional team of experienced lawyers cooperates with us. We guarantee a quick and favourable decision.
2WinPower can help you with any licensing issues. Besides, you will have an opportunity to order a turnkey resource development service. Make sure the quality of the proposed solutions is really high. Just download the free demo version of our gaming platform.
Take advantage of working with us and start your own gaming business with 2WinPower today:
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