Bosnia and Herzegovina is a culture-rich country which is located in the western Balkan Peninsula of Europe. The country is divided into two parts with the northern part and central parts are occupied by Bosnia while Herzegovina is ruled by the south and southwest part of the country. Therefore, the gambling laws of the country will be affected by region as well.
In this article, our main aim is to provide you with the latest information on if you should gamble at Bosnia and Herzegovina online casinos or land-based casinos.
As I stated above, the country is ruled by two entities which are Republika Srpska and the Federation of Bosnia and Herzegovina. These two entities have the responsibility to regulate the gambling situation across the country regarding online gambling.
Few years ago, gambling was heavily restricted in the country. During 2013, the government tried to block the access to all online gambling websites. Participating in online gambling is strictly prohibited. The fine of being caught engaging in gambling was sentenced to jail and or a cash fine.
However, a few years later, recognizing the benefit of legalizing online gambling and land-based gambling, the government decided to lift the ban. The reason for lifting the ban was also because of the public pressure and the accusations against the Communications Regulatory Agency of Bosnia and Herzegovina which blocked all gambling sites on the internet.
Online casino licenses are only issued by the government of Republika Srpska while the other still remains not licensed. As recorded, the first licence issued by Republika Srpska was to a land-based bookmaker and slot club operator, named Williams.
The license from the Republika Srpska can be valid up to 5 years and an operator needs to pay 200,000 KM for a licence and to ensure a minimum capital of 1 million KM. Players in Bosnia and Herzegovina can make deposits through local bank transactions located in Republika Srpska.
Online gambling is not banned in the country. Therefore, players have a vast majority of payments to deposit and withdraw. They are debit cards, bank transfers and e-wallets.
We highly recommend to use e-wallet for better speed and low transaction fee. They are skrill, neteller, and Paypal. These e-wallets are one of the proof that the online casinos are trusted and players protect.
For the currency, if their own Bosnian mark (BAM) is used, the transactions would be slow rather than being conducted in USD. Therefore, you should bear in mind so you do not have to wait or face any inconvenience.
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