Economics and statistics

The Moldovan market is small in scale and is built on a mixed model: lotteries and sports bets are managed through a state scheme and partnerships, and EGM casinos/halls operate under separate licenses.

The revenue base is formed from gambling margin, license fees, taxes and related services (F&B, hotels).

The online segment is growing, but remains controlled: non-cash payments in MDL, eKYC, transaction monitoring and responsible play tools reduce gray flow and volatility.

The main demand is concentrated in Chisinau; seasonality is moderate and depends on tourist traffic and macro conditions.

The operators have a high share of expenses - compliance (KYC/AML, certification, data protection), which restrains margins, but provides predictable fiscal revenues and a stable sewer for players in the legal segment.