Estonia gears up for online gambling

Baltic nation is famous for software development and could be an appealing new licensing jurisdiction

2010 will likely see exciting developments in Estonia, a small Baltic nation already respected internationally for its software development capabilities that is reportedly moving into the online gambling regulatory field (see previous InfoPowa reports)

Industry observers report that several international online gaming operators and software providers with interests in Estonia are playing important roles in developing an online gambling industry in the country.

The Estonian government is likely to approach the introduction of a regulatory jurisidiction in two carefully thought out and well planned stages; starting with a liberalisation of online gambling within the country and then moving to internationalise its offerings early in 2011, welcoming foreign operators who can satisfy local regulatory requirements.

The tax revenues generated by opening up online gambling are much needed; the global recession has reportedly hit the small country hard, sending its economy and consequently tax revenues into a sharp decline.

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