At one point in time, Montenegro lead the way when it came to issuing licenses for online casinos, however, this is something that has changed over the ensuing years.
As mentioned, Montenegro legalized online casinos in 2011 and began issuing licenses for them in 2012. This was far ahead of most other European countries. At the time the country also had an extremely favorable corporate tax rate of 9% and a very small online gambling tax. A combination of these factors made the country an extremely attractive proposition for online casinos, hence why, in the early 2010s, Montenegro was a hub for online gambling sites.
This fervor to set up online casinos in Montenegro began to wane in the mid-2010s when the industry suffered a series of scandals centered around organized crime and money laundering. In the years that followed the majority of online casino companies left the country.
Currently, there are very few online casinos licensed by the Montenegrin Games of Chance Administration alone. The majority of online casinos available to players are larger international companies with various online gambling licenses, with none operating specifically from Montenegro.