Belarusian Gembling Market: Enlabs Strengthens Positions
The baltic gambling operator enlabs acquired kdb games and is now the owner of ground gambling in belarus. This allows him to apply for a gambling license.
The amount of the transaction, which was first announced in august of the current year, was €127 thouusand. ($ 139 931), while enlabs acquires all kdb shares.
New gambling legislation of belarus entered into force on april 1 of the current year, the technical blocking of unlicensed operators will begin to be carried out in april 2021. In order to get a job permit in the online segment, the operator must have experience in managing ground gembling obext at least two years.
In addition, according to prerequisites, the online platform must be certified at mandatory, as well as integrated into the system of gambling regulator. The rules also suggest deposit in the amount of $ 1 million and the passage of special educational programs for the managers team.
According to representatives of enlabs, kdb has every chance of obtaining permission to provide online gambling services. The assumption is based on a conducted legal and financial expertise.
If companies succeed in obtaining a license, it will launch operations through the optibet brand.
Enlabs executive director robert anderssson said that companies are looking forward to starting work and aims to launch operations in the first half of 2020.
The company’s manager also adds that despite the fact that in the enlabs do not expect instant and impressive results from the launch of operations in belarus, buying kdb – step to the implementation of the cis markets strategy.
Licenses for the right to provide online gambling services will enter into force in april 2021, until any activity will be considered illegal. Tax bid will be 4% of ggr.
The company also suggests that about 10 operators will be presented in the belarusian market. The main competition is expected from eastern european operators, which are better dealing in the market climate of the region.
Earlier, enlabs announced information about record income, the growth of which does not stop the third month in a row, but for the first time the barrier overcame €10 million.
Recall that enlabs launches operations on lithuanian gembling market.