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Main Provisions Of The Estonian Gambling Act
The Estonian Gambling Act, effective on January 1, 2009, provides a comprehensive legal framework for regulating gambling activities in Estonia, including online casinos. Here's an expanded explanation of the Gambling Laws and Regulations in Estonia for clarity:
Purpose and Scope
The Act aims to set high standards for gambling operators, protect players, and minimize the negative impacts of gambling on society.
Definition of Gambling
Gambling is a game where a bet is made, a prize can be won, and the outcome is based on chance or a random event.
Types of Gambling
The Act categorizes gambling into games of chance, lotteries, totos (betting games), and games of skill.
Remote Gambling
Remote gambling is defined as games where outcomes are determined electronically, and participation is via electronic communication means, including the Internet.
Operator Requirements
Only trustworthy legal entities holding an activity license and operating permit can organize games of chance, totos, and games of skill. Lotteries can be arranged by authorized entities and meet the Act's requirements.
Exclusions and Restrictions
According to this act, only people older than 21 can take part in online casino events. The Act stipulates exclusions for specific individuals from being gambling operators, especially those with criminal records or involvement in unauthorized gambling operations.
Financial Requirements for Operators
Different minimum share capital requirements are set for different types of games. For instance, organizing games of chance requires a share capital of at least 1 million euros, while games of skill require a minimum of 25,000 euros.
