Estonia legalises online gambling
The small Baltic nation of Estonia has legalised online gambling meaning that its citizens can now compete on nation-based gaming platforms such as the one developed by Playtech Limited and operated by Olympic Entertainment Group.
The recent liberalisation is down in no small part to the current economic recession with the Estonian economy expected to drop by around 36 percent while a new tax on gaming operators should help the public purse.
The move brings Estonia into line with many other nations including Belgium, Sweden, Italy, Poland and The Netherlands while next year should see it open up its market to international gaming operators in order to satisfy European Union requirements.
“We are truly glad of this opportunity to start our partnership with Olympic as the leading casino entertainment provider in Central and Eastern Europe,” said Mor Weizer, Chief Executive Officer for Playtech.
The nation passed its new Gambling Act in October and the legalisation and regulation of online gambling should also help Estonia combat money laundering and corruption.