Top Online Casinos for Azerbaijan
Azerbaijan is a country located in south-east Europe and borders the Caspian Sea to the east. They border Russia to the north, Georgia to the north-west, Armenia to the west and Iran to the south.
Azerbaijan has an atypical situation where land-based gambling is not allowed, but the government finally started allowing online gambling as a practical measure because it was so widespread and difficult to stop. The black market for gambling is so strong in this country that a lot of people believe that the online games wouldn't be able to compete.
In the first couple of years…
… it was rather hard to say which side was wining out; all the more because this country has a rich history when it comes to their gambling ban, something many other countries that ban gambling is missing.
It goes back to when the son of then-President Aliyev started a bit of a scandal in the late 1990s when it was alleged that he lost mid-seven figures to a businessman from Turkey while gambling, and this took the country's attention in a major way. In an effort to deny these allegations, President Aliyev banned gambling all over the country, which pushed most land-based gambling underground.
Under all these circumstances, it is practically amazing how the regulated, licensed online gambling community has managed to record a positive growth rate. Despite the fact that many people still engage in black market land-based gambling in hidden backdoor areas, the release of multiple operators under the subsidies of the state has definitely drawn players’ attention.
According to some of the latest statistics and estimates for future growth and development of the platform, considerable growth has been noted in regard to the Azerbaijan Interactive gambling gross win, most notably in regard to casino and poker online gaming practices.
Following some stabilization in the industry, the same positive tendency has been recorded in regards to the country’s GDP, starting with an 11.1% growth in 2016, 14.6% in 2017, around 12% for 2018 and estimates for rate stabilization in the following years. All things considered, the legalization of online gambling practices has proven beneficial for the country, paving the way for further progress.
Online gambling sites can be licensed completely in Azerbaijan. This licensing is set up so that these companies operate as trustees of a state-owned company, and this gives the state a high level of control over the business practices and transparency used by licensed online gambling sites.
This gives players a lot of protection, and it just goes to show that profit-driven online gambling sites will put player safety first because they have to maintain their legitimacy. With a ton of competition in the form of black market games, it's extremely important that these licenses provide meaningful oversight for players to have any reason to go with the licensed options.
Players are provided a significant level of protection when they play with licensed sites. There are clear ways to submit complaints and escalate problems so that they're taken care of.
This is a necessary step for the sites to have a chance against the booming black market for gambling that was created by the dubious ban on gambling in the late 1990s. Along these lines, the players are recommended to stick to sites licensed in Azerbaijan for these protections.
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