Baltic gambling operator acquired the company Enlabs KDB Games and is now the owner of the land gambling establishments in Belarus. This allows him to apply for gambling licenses.
The deal, which was first announced in August this year amounted to € 127 thousand. ($ 139,931), while Enlabs acquires all the shares of KDB.
New gambling laws of Belarus came into force on April 1 this year, the technical blocking of unlicensed operators will be implemented in April 2021. In order to get permission to work in the online segment, the operator must have experience in managing land gambling object at least two years.
In addition, according to the preliminary conditions, the online platform must be certified on a mandatory basis, as well as integrated in the gambling regulator. The rules also require a deposit of $ 1 million, and the passage of special education programs for the management team.
According to representatives of Enlabs, at KDB has all chances for a permit to provide services to online gambling. The assumption is based on a legal and financial expertise.
If the company manages to obtain a license, it will start operations through Optibet brand.
Executive Director Enlabs Robert Andersson said that the company looks forward to the work and aim to start operations in the first half of 2020.
The head of the company also adds that despite the fact that Enlabs not expect instantaneous and impressive results from the launch of operations in Belarus, buy KDB – a step towards the implementation of exit strategies in the CIS markets.
License to provide online gambling services will come into force in April 2021, until any activity considered illegal Buda. The tax rate will be 4% of the GGR.
The company also suggested that the Belarusian market will be represented by about 10 operators. The main competition is expected from Eastern European operators who are better versed in the market climate of the region.
Enlabs previously released information about record revenue, which does not stop growing for the third month in a row, however, the first to break the barrier of € 10 million.
Recall that Enlabs launches operations in Lithuanian gambling market.
See also: Overview of the market for gambling – the crisis and the pressure on the sector
See also: Gambling-law of Ukraine and Belarus: a comparative analysis
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