Eastern Europe gambling market is expanding at a faster pace, and this is attracting attention from both land-based and internet casinos. Although the region has suffered economic crisis, it is still thought to hold huge potential for casino operators. This can be seen in how major casino brands are now extending their services to Eastern Europe. However, the problem here is that this region doesn’t have more disposable income unlike in the Western countries.
Individual countries are responsible for coming up with their own laws
Europe as a whole is still considered one country especially when we talk in terms of financial significance. Nevertheless, gaming activities here are generally governed by the European Union legislations. But when you take it to the individual country level, you realize that each one of these countries is responsible for coming up with their own laws regarding internet gambling.
Still, Eastern Europe gives a lot of interesting opportunities to those who want to venture into this field. Countries like Romania, Czech Republic, Slovakia, and Slovenia have since embraced the internet gambling revolution. They do this by demonstrating their willingness to allow foreign companies other than the national lottery to request licensing and operate in the country legally.
While maintaining all the legalities of internet gambling is still a challenge in the greater part of the Eastern Europe continent, this country is poised for growth since it’s already an ideal playground for casino operators. Also increasing of the searches in Google and other search engines of the topics related to online casinos is the prove that the gambling market is rising in Eastern Europe. For instance, a number of searches of Gry kasynowe (pl. casino games) in Polish Google has raised twice comparing to the number 3 months ago.
The Romanian gambling market is now being targeted by casino operators because of the reasoned aforementioned here. Over 13 casino operators have since received their licensing which basically allows them to operate in the country. And it seems that these numbers are rising fast, even to the extent of surpassing those of the Bulgarian market. This means that the Romanian gambling market has a positive outlook as far as these matters are concerned.
What this will possibly lead to
The free leeway that these countries have given gambling operators on the internet will possibly result in a scenario where the market will be flooded with all kinds of possibilities. The online marketing space will be crowded as internet casinos strive to satisfy the rising demand with interesting games like Dobra Mine.
This is likely to happen across all Eastern European countries that will form legislations governing online gambling. But it will take time before this gambling industry becomes a civilized market.
Romania passed remote gambling legislations back in 2010. After this, it took another 5 years for casino operators to acquire licensing. Also, despite political instability that has rocked certain parts of Eastern Europe, Ukraine has tried very much to become a hospitable place for internet gambling. Ukraine plans to make some healthy changes in the emerging gambling market. This is expected to increase tourism and even raise revenue for the government.
You see, Ukraine banned gambling in the year 2009. But now there are talks of lifting the ban so that the country can have an additional stream of revenue in from of taxes. Nevertheless, as things stand now, the country needs to apply a more holistic approach to put things back to order.