Technology changes quite briskly, and Estonia don't wanna fall off far behind. That is why starting on January 1, 2010 Estonians will experience to play online casino games online such as online blackjack, roulette, craps, keno, bingo, slots, video poker and more for free and real money.
A 1995 Gambling Act - rather recent, especially when taking into consideration such an outdated Wire Act (1961) that is somehow still relevant in the USA... - was recently updated by Estonia and will make online casinos legalized in the country as of January 1st, 2010.
The legalization of online casinos and online gambling in Estonia is a great escalation for the online casino industry. As hundreds of countries tag along behind one another's footsteps to legalize and regulate online gambling industry to become more accepted and more rewarding.
As Estonians embraced online gambling in a regulatory framework that welcomes rather than excludes foreign operators, but there are strict conditions attached:
Background and probity checks on the company and its senior management.
The implementation of precautions against underage and/or problem gambling.
Servers and other equipment within Estonian national boundaries to enable inspection as required.
Acceptable financial systems compliant with international requirements to guard against fraud or money laundering.
The newfangled Estonia Gambling Act will make out the licenses of online casino operators within the European Union. However, offshore casino operators located outside of the European Union will not be authorized to allow Estonian players.
Foreign casino operators will have to apply if they want a license to operate their online casinos in Estonia. Licensing will be based on a number of factors. In order for a gambling operator to apply for a license they must be properly incorporated and well funded and they must submit to a background check.
Estonian officials have warned that illegal online gambling activity with Estonian nationals will be regarded as illegal, and have implied that financial measures and ISP blocking will be deployed against illegal operators.
Estonia is going to enforce strict rules for casino operators to comply with to ensure their gambling license is valid.
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