Vladimirs Remi: “EU gambling market shows steady growth but a share of illegal business is still pretty great”
The gambling business in the EU countries shows a steady growth, although a lot of operators prefer to work illegally. It was reported by Vladimirs Remi, a co-owner of MONT AZURE , providing services in financial consulting and developing fintech projects. In the interview for our media office, the expert listed difficulties faced by entrepreneurs when launching a business in Latvia and told us how the European gambling industry is developing. Interviewer: Riga Gaming Congress (RGC) ~ Speaker: Vladimirs Remi (V.R.) RGC : You are engaged in the development of fintech projects and regulation of the financial business within the EU and UK. Tell us about the gambling situation. V.R.: Currently, a huge part of the gambling business is illegal. Customers interested in establishing a serious business with all required licenses are quite a rare phenomenon. Rather on the contrary, the majority part of market participants are constantly looking for a jurisdiction with tax rem...