Connect with us

Business

Romania’s Online Gambling Landscape Undergoes Massive Revamp: Licensing Fees Soar!

Published

on


In a groundbreaking move, Romania has greenlit sweeping reforms to its online gambling sector, marking a pivotal moment in the nation’s iGaming narrative.

Thursday witnessed the Romanian government giving the nod to an emergency ordinance encompassing expansive reforms to the nation’s gambling statutes. These alterations span across elevated license expenses, the introduction of fresh advertising guidelines, prohibition of alcohol in gaming venues, and an obligatory clause for gambling enterprises to maintain a fiscal headquarters within Romania’s boundaries.

These reforms, proposed by the Ministry of Finance just days prior, are yet to gain the parliament’s endorsement for permanency.

A detailed breakdown of the revamped annual fees includes:

Advertisement
  • Online Platforms: €500,000
  • National Lottery: €200,000
  • Video Lottery Terminals: €100 per device
  • Pari-mutuel Betting: €50,000
  • Fixed-odds Betting: €200,000
  • Casino Gaming: €4,000 per gaming table
  • Poker Clubs: €5,000 for each
  • Bingo Halls: €5,000
  • Television-organized Bingo: €500,000

Furthermore, slot machine annual charges will undergo a phased escalation: Starting at €100 per device in 2023, surging to €300 in 2024, and culminating at €500 by 2025.

Licensing Fee Assurance

Beyond the licensing charges, a stringent criterion mandates operators to retain substantial capital reserves to offset any potential licensing payment defaults. This safety net, scaled as per an entity’s revenue, is slated to reach an unprecedented €1,000,000 by 2025, regardless of the operator’s income.

Under the fresh guidelines, a significant 70% of gambling operator funds will fortify the state’s coffers, while the residual 30% will be earmarked for initiatives championing responsible gambling.

Advertisement Curbs in Place

A crucial aspect of these novelties demands operators to conspicuously display their ONJN credentials on all promotional content. Additionally, unsolicited digital messages fall under a strict prohibition. Advertising on billboards is permissible, albeit with a size limitation set at 35 square meters.

As this ordinance awaited the government’s endorsement, Prime Minister Marcel Ciolacu stood his ground, unyielding to intimidations from the gaming industry. His stance mirrored sentiments of resisting pressures from certain political quarters, previously seen capitulating to industry overtures.

Advertisement

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Gamingo.News stands as a premier digital destination dedicated to delivering top-tier news and insights in the gaming and gambling industry. This specialized media outlet garners the attention of over 120,000 readers each month, providing them with engaging content, current news, and in-depth analyses.
The platform offers extensive coverage of various facets of the gaming world, including both online and brick-and-mortar gaming, wagering, esports, updates on regulations and compliance, as well as technological innovations. Regular content includes daily news stories, press releases, unique interviews, and comprehensive reports on events.
Moreover, Gamingo.News organizes webinars pertinent to the industry and offers detailed reports, establishing itself as a comprehensive information source for those interested in learning about gaming market operators, suppliers, regulators, and professional services. The portal's main objective is to keep its large audience informed about the latest news, trends, and developments in the gaming and gambling sectors. It focuses particularly on the European igaming market but also covers significant global news, proving to be an invaluable tool for gaming professionals, operators, and enthusiasts.

For inquiries, reach out at: sales@gamingo.news

For editorial or PR submissions, contact: media@gamingo.news

Copyright © 2024 Gamingo.News.