Eastern Europe – the new Mecca for online gambling over the next five years

The Western gambling market is well-established and demonstrates steady revenue growth. However, one of the key challenges facing such markets is that once a certain threshold is reached, growth rates slow significantly due to high regulatory and tax burdens.

Another major barrier is the extremely high “entry threshold” for new companies. In these markets, they are forced to compete with powerful gambling corporations that possess far greater financial and other resources. As a result, licensed operators begin seeking new, more “accessible” and less competitive jurisdictions.

A vivid example of this trend is the rapid growth of the online gambling sector in Eastern Europe, analyzes Anton Kuchukhidze, Chairman of the Ukrainian Gambling Council, in his opinion column. Read more.