#Egm #EGamblingMontenegro #GamesOfChanceAdministration #GameOfChanceInspectorate
The E-Gambling Montenegro company operates in accordance with all Montenegrin laws, it was said in the findings of the Inspection Directorate.
Upon the request of the Games of Chance Administration and its then acting director Ilija Vukcevic, the Game of Chance Inspectorate conducted several inspections in the company at the beginning of this year. During the first inspection, in the middle of January, certain irregularities were found, but not those Vukcevic had earlier accused the E-Gambling Montenegro (EGM) for. After a subsequent revision, the inspectorate officially announced that EGM had corrected all the irregularities and that it was entitled to do the job in Montenegro, Dnevne Novine newspaper carried.
Despite the fact that the Games of Chance Administration was informed on 9 February that EGM does not violate the laws and regulations of our country, media campaign against this company did not stop, DN carried. The newspaper underscored that the administration had never publicly announced the final position of the Game of Chance Inspectorate. Therefore, among other things, EGM submitted a summary report with evidence in connection with the situation to the inspectors.
EGM has given permission for more than one web domain (ie. 21 web domains) for organising games of chance via the Internet. As EGM announced, the administration and its acting director refused any change in the EGM web domain list, even when the company tried cancel some of them to protect customers and players.
The Ministry of Finance also denied Vukcevic’s claim that one web site may registered with a single license and that others shall be paid €10,000 each.
“The contract which the concessioner of games of chance concludes with the Games of Chance Administration can specify the websites on which to games of chance may be organised grounded on the concession granted, which means the concession obtained may not be related to just one website”, explained the Ministry of Finance.
The biggest EGM’s objection was against Vukcevic’s position who publicly issued a judgment that the company was irregular, that it violates the law and that its gambling licence should be revoked. Due to the spread of various negative pieces of information, which were later proven to be false, international associations and rating agencies put EGM on the so-called “black list”, which means that no new clients wanted to cooperate with the company, whereas the existing clients cancelled further cooperation. E-Gambling Montenegro filed a number of lawsuits against Vukcevic because millions of dollars of losses.
According to Vukcevic, E-Gambling Montenegro obtained a contract to open 21 betting site with a single license under suspicious circumstances. So far, the organisers were able to open one site for one license, which they paid €10,000 per month. As Vukcevic explained, E-Gambling Montenegro paid only €10,000 for all sites, thus allegedly violating the Law on games of chance.
As he says, this cost the state budget millions of euros, which is why the Games of Chance Administration ordered the company’s operations to be inspected and checked.
Source: Cafe Del Montenegro