Estonia, officially the Republic of Estonia, is a country in Northern Europe. There are many fascinating facts of the country of Estonia, you might not be aware of. For instance, Estonia is the birthplace of the first Christmas tree. What is more, Estonia is the first country around the globe to have implemented a flat tax system. Did you know that Estonia is the birthplace of Skype, too? The country also has the highest number of startups per capita in Europe. Taking all these intriguing facts into account, we can come up with the conclusion that Estonia is a technologically advanced nation and internet-focused. As a result, it comes as no surprise that online gambling started to develop on the territory of the country. In this article, we would like to provide more details regarding the gambling laws and regulations as we believe you should be aware of these.
Estonia Licensed Casinos
Online gambling in Estonia is at the very beginning of its development, at least in comparison with other jurisdictions around the world. However, if you are on the look for new opportunities for business expansion, Estonia is definitely a country that might provoke a great interest in you. Gambling is not uncommon for the population of the country. At least 80% of the adult population have gambled at least once. Besides, the iGaming Industry in Estonia is in the process of formation due to the fact that online gambling has only become legal in 2010. Because of the crisis in 2008, the Government of Estonia has decided to make a change for the better and stabilize the financial situation in the country. For that reason, online casino players were provided with the opportunity to gamble via the internet as long as they play at licensed sites. If not regulated, a casino that targets Estonian citizens will be eventually blocked. Nevertheless, this does not seem to be compatible with European Union laws. This is because there is a rule which says that if a certain business function in one EU country, it should be mutually recognized in the other Member States as well. However, as we have already mentioned, the online gambling industry in Estonia is currently developing, meaning that this is just a temporary policy. Currently, in order for an online casino operator to operate in Estonia, it needs to get an Estonian gambling license. Bear in mind that this rule applies to both EU and non-EU residents and companies.
How To Get A License
The Estonian Tax and Customer Board is, currently, responsible for all online casino activities on the territory of Estonia. Today, there are eight licensed operators and more than 800 online casinos in the iGaming market in Estonia, which are blacklisted. However, as we have already said, the industry there is currently developing, so we expect a more favorable turn of the situation to take place in due course. What is more, in order to be eligible for operation on the territory of Estonia, the organization must purchase a license for gambling. At the same time, a number of requirements are put forward to the applicants. For instance, documentary evidence of the presence of share capital of at least 1 million euros is required. Additionally, a certificate of no criminal record and violations in the conduct of the gaming business must be filled. Obviously, compliance with Estonian laws and guarantees of conducting only gambling business are also amongst the requirements an online casino operator should comply with. Lastly, a license fee of 47,934 euros and dedication to entertain a great number of players are the last two considerations an online casino should take into account.
Generally speaking, in order to perform online casino activities on the territory of Estonia, obtaining a gambling license is mandatory. This license proves that the operator is legal and that it can provide a safe and secure casino environment. The online casino industry in the country is not yet so developed due to the fact that gambling via internet sites has only become legal in 2010. Nevertheless, the government of Estonia is currently working towards developing the gambling market and we do expect to see a perfectly regulated industry in Estonia in the near future. However, if you cannot wait to experience Estonia licensed casino we do recommend you to give TonyBet Casino, BetSafe Casino, and Ninja Casino. Hopefully, in due course, we will collaborate with many more brands regulated in Estonia. Until then, we encourage you to always play responsibly and when playing at an online casino as we do not want you to be disappointed in the end. Lastly, we wish you a bit of good luck and amazing winnings!