2008 was a year when the gambling revenues in Eastern Europe went sky high, just a year before the global financial crisis took a turn for the worse. They said it was the worst recession since the Great Depression back in the 1930s. By 2014, the effects of the recession was devastating on the gambling industry, thus acquiring gaming license was not a priority in the years prior. Fortunately, the global market was back on its feet and by 2017, and gambling was at its height once again. By 2021, operators will be looking forward to an industry that’s worth 90 billion euros.
The early 90s saw the birth of the iGaming business. The first online casino first became known in 1994, illegal in most countries, but was widely accepted in European countries. With Internet gambling becoming popular, getting an iGaming license was also pushed. In this post, let’s take a look at the guidelines and information about the laws and processes of offline and online gambling in Eastern Europe.
Online gaming operators in Poland has been enjoying the benefits of being unregulated before the two laws that were passed in 2009 and 2011. The Act of Gambling Games proclaimed all online gambling activities unlawful, except for sports betting. For online poker lovers, this is such a huge letdown as that particular activity is banned in this country. On a normal basis, the local operators are renew their licenses every six years. If you’re planning to set up a gambling operation in the country, a land-based one would be your best bet. But that doesn’t mean that the Polish Gambling Act was less stringent on physical gambling operations. In fact, regulation was just as tight. Casinos should only operate in populated areas. Not only that, a certain number of machines and gambling tables are allowed.
Sports betting in Poland has a 12% tax base rate, and even then, online operators should still be based in Poland. If you’re a citizen, you also don’t enjoy a wide variety of games as the rest of the Eastern European countries. One of the chief complaints of getting a license in Poland is the incredibly slow process of acquiring one.
The all-in-one gaming license in Bulgaria is probably one of the most attractive aspects of setting up a legal gambling operation here. Both land-based and remote operators can operate in the country without a hitch as long as you have the necessary license and compliant with the gambling laws. It wasn’t always like this though. It was only in 1993 when casinos and any form of gambling was welcomed.
Though the Gaming Law of Bulgaria was made known in 1998, the law is now more focused on online gambling rather than the land-based operation. As such, a blacklist of illegally operated gambling websites was also released.
To operate a legal gambling stint in Bulgaria, one must prepare BGN100,000 (about €50) for a one-time payment for the license. Taxes on online gambling are heavy in this part of the Eastern Europe, with a whooping 15% tax base rate imposed. Operators who are not compliant are immediately added to the blacklist. A mandated regular check-up of software is also part of the process.