By Eric Andersson for i-Gamingforum.com | Posted on March 4, 2010
Estonia, the successful Nordic country that has seen a leapfrog economic development since autonmy from the Soviet Union, recently legalized online gaming. A population just short of 1,5 million, numerous expatriated professionals and a location connecting the mature Scandinavian economies and the cash rich Russian Federation have fast tracked a country well on its way to be on par with Western Europe. With 25% of Estonians of Russians descent it is no great leap of mind to assume Estonian operators draws revenue from the Russian Federation. Russia banned gambling in June 2009, and customers move with the speed of light on the internet.
An already established Estonian license model makes for excellent tax revenue possibly next turning Estonia into a virtual Monaco of Scandinavia. The Estonian government has taken the next step to secure even greater tax revenue.
Today Estonian citizens (including any Russian speaking players) are allowed to play on Estonian-based platforms. In the next step the Government is opening up to international operators in 2011. Numerous applications should be expected as the scope of potential business is tremendous.
















