Austria

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.

Austrian Licenses: The Benefits of the Offshore Zone

The launch of online casinos in Austria can bring the following benefits to the business owners:

• profitable investment in the country with a stable economic environment;
• the possibility to integrate the enterprise into the EU zone (free trading, minimum tax rates, international partners and lots of other advantages);
• access to innovative technical solutions and products of famous suppliers (Greentube and Amatic are among local favourites);
• a simplified system for obtaining a European multiple entry visa and residence permit.

European Gambling: Austrian Gaming Regulators

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:

• 545 gambling tables;
• 6365 slot machines;
• 5193 lottery shops.

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:

1. Law on Games of Chance / Austrian Gambling Act. This legislative package contains a list of rules for local monopolists.
2. Austrian Civil Code. The package of documents includes the norms of control of all formats of real money games.
3. E-Commerce Act. This document regulates the control of the virtual and betting industry.
4. Law on Unfair Competition. This legislative act presents the rules for the provision of entertainment services and their advertising and promotional tools.

Online Casinos in Austria: Legislation and Popular Slots

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 Best Ground-Based Establishments 

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.

License for a Casino in Austria: the Nuances of Obtaining a Permit

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:

• collection and provision of information on registration of legal status (corporate charter, confirmation of physical address, etc.);
• bank account registered in the name of the company (the reserve fund must be kept in the offshore territory);
• providing a detailed business plan for the next trimester (information on brand objectives, proposed investments, and business prospects is required);
• checking and testing software for technical compliance and operational suitability;
• a detailed list of gaming content with the full name and description of each option;
• comprehensive data on payment services with partial samples of previous payouts.

Conclusion

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:

• email: [email protected]
• Skype: twowinpower
• Telegram: @Win2Power
• feedback form.