Luxembourg Gambling License
The Law dated 20 April 1977 on the operation of a business of “games of chance” (Gambling Law) is the main law regulating gambling in Luxembourg.
The Ministry of Justice is responsible for issuing authorisations to private operators seeking to offer sports betting products, casino games and lotteries (Law dated 20 April 1977 on the operation of a business of “games of chance” (Gambling Law)).
There is no definition of gambling in the Law dated 20 April 1977 on the operation of a business of “games of chance” (Gambling Law) or any other laws or regulations.
However, Luxembourg case law defines “gambling” or “game of chance” as a game which, either by itself or due to the conditions in which it is performed, is characterized by chance prevailing over the physical or intellectual skills of the players (Lux. 13 November 1958, P. 17, 390). These conditions are fulfilled when the gain is the result of chance, and chance is the main factor in the outcome of the game. The chance component should be analyzed at the level of the average player. Therefore, a game will still qualify as a game of chance if skills can ensure gains to persons who are especially trained. In other words, the special skills or ability acquired by a few should not be taken into account.
Lottery, sports betting, casino games, slot machines and poker fall within the definition of gambling under certain conditions set out in Luxembourg laws, in particular the Gambling Law.
The following are the gambling products:
- Betting (other than sports betting)
- Sports betting
- Casino games
- Slot and other machine gaming
The entity making the application is Luxembourg:
|Director’s Requirements||The licensee will need at least 2 (two) natural person Fit and Proper Directors of any jurisdiction.|
|Shareholder requirements||The applicant will need at least one shareholder.|
|Minimum Capital Requirements||The law does not state the minimum capital requirement for the license.|
About Valsen Fiduciaries
Valsen Fiduciaries is a licensed independent global service provider of a broad range of fiduciary, administrative, legal, corporate secretarial and support services.
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