The iGaming market across Eastern Europe has recently opened up for foreign gaming club operators and providers of online casino software. The competition in this area is now very low, which makes it possible to start a business at the lowest cost. Nevertheless, each of the Eastern European countries has its own unique jurisdiction and prohibitions. In this article, we will describe the main legal features of several Eastern European countries, as well as the tips on how to start a casino in Eastern Europe. Spoiler: bitcoin casino solution is probably going to be the best option.
Why Eastern Europe?
There are several reasons why we are beginning to see growth of the iGaming software industry in previously untapped regions. The most significant one is digitalization. Due to globalization and the development of new technologies, coverage zones are expanding in the regions that previously had difficulty accessing the broadband or 4G Internet. Experts say that the digitalization of Eastern Europe could generate about $225 billion in GDP by 2025.
Another crucial factor is the legal changes that have taken place in the area in the past decades. More and more authorities are beginning to advocate the liberalization of laws in the field of iGaming & online casino software. Despite the fact that in some countries online casinos are completely banned, others are becoming fully open to foreign operators and providers.
Loyal countries and their online casino laws
Online casino laws differ among jurisdictions. There are loyal countries, and therefore disloyal.
The Baltics
Estonia, Latvia and Lithuania are the stories of success when it comes to online gaming. Each of them has a fully legal and regulated iGaming industry. A license is still a necessary thing if you want to operate in any country in the Baltics. Estonia requires only local license, while Latvia and Lithuania recognized licenses of other countries. Such free legislation provides these countries with a large amount of profit to their budgets from both their citizens and the visitors who come there to enjoy online casino software.
Georgia
As for Georgia, land-based casinos have already been legalized there for a long time. It attracts a great number of tourists from neighboring countries. Among citizens, online gaming club websites are in the top 10 most visited, right after YouTube and Facebook. The gaming sector is expanding every year, but only holders of land-based licenses can open online gaming clubs and offer iGaming software to the players.
Bulgaria
Bulgarian government decided to introduce iGaming legalization in 2008. Now, any international online gaming club owner can apply for a license to operate in the Bulgarian market. Comprehensive licensing platform covers regulation for poker, sports betting and casino services.
How to start a casino in the rest of the region: Bitcoin Casino solution
As we can see, only some Eastern European states allow foreign gaming companies to operate in their territory. For example, in Russia, Belarus and Kazakhstan, online gaming is completely banned, although their total population is about 175 million people. It means that you will not be able to receive fiat payments in the local currency from players of that region. In other countries, it can take months to obtain a license, and jurisdiction differs from country to country. Is this a reason to give up such a promising region with little competition like Eastern Europe? Certainly not, and there is an alternative – Bitcoin Casino solution.
Bitcoin casino has a bunch of advantages compared to a regular gaming club. The most important is that you get players from anywhere in the world, even the citizens of the countries where online gaming is prohibited. Customers remain safe and can freely enjoy iGaming software of your online gaming club as long as cryptocurrency ensures their anonymity. It takes much less time to open a crypto club than a regular one, as there is no need to get an official license. In this particular case, Bitcoin Casino solution is a great way to target Eastern European audience.
If you want to open a turnkey Bitcoin Casino, get in touch with our team, and we will be happy to answer all your questions & offer the best terms.
Igrosoft Games — Post-Soviet Superstar
Igrosoft Games is a Russian iGaming software supplier whose games are widely known throughout Eastern Europe. It was founded in Moscow in 1999 as a gaming provider for land-based casinos. When the government restricted gambling activities and the market demand changed, the company focused on online casino software solutions. The key reason for the success of Igrosoft Games is its familiar and beloved classic style. The old-fashioned interpretation of the slots awakens nostalgic feelings in players who used to see the same games in their younger days in slot machines. If you are interested in where to buy casino games for Eastern European customers, Igrosoft is #1 supplier for you.
iGaming in Eastern Europe is a very hot topic. Today, the growth rates of the industry in this region are higher than in Western Europe. Right now is a great chance to enter this market and get the maximum profit. We would recommend Bitcoin Casino solution because of the many legal niceties. In addition, Igrosoft Games is the very first provider from which you should buy casino games if you want to target the Eastern European market.