Gambling Law as a New Branch in the Field of Business Law

Abstract

In modern societal relations within an existing democratic
system, based on principles such as freedom of entrepreneurship, there is
an evident awareness by states of the existence and practice of gambling.
Most nations have managed to release their ideals from any prejudice
related to this occurrence, and have taken steps towards the regulation
and sufficient control of gambling. It is the aim of this paper to look at
the basic, theoretical and practical, aspects of gambling regulation and
expansion.
Without a doubt, gambling law is beginning to find its unique
place in the field of business law. Macedonia, through the Law on games
of chance and entertainment games, has spurred the development of one
of the most contemporary and market-oriented systems of gambling
regulation in Europe. The authors, without ignoring this new legal field’s
interdisciplinary nature, analyze the basic premises of gambling
regulation, aiming to position it as a contemporary constituent of
business law research in the Republic of Macedonia.