NetEnt approved for gaming licenses in Romania
After NetEnt has been approved for UK licenses in April 2015, received its Spanish casino license in June last year, the company is also close to receiving its online gambling licenses in New Jersey, USA, as well. Today, NetEnt announced that it has obtained licenses from the online gaming regulator in Romania, the entry to an online gambling market with lots of potential. It involves class 2 licenses granted from the National Gambling Office in Romania. The licenses cover production and distribution of specialized gaming software, as well as management and hosting facilities for online gaming.
Regulated iGaming markets
Many European governments attempted to forbid gambling sites, simply to protect their very own monopolistic regimes. For over 20 years the iGaming industry was plagued by such regimes, often run by either a public or a private operator on the basis of an exclusive right. This is why online casinos have been operating from iGaming jurisdictions such as Curacao, Gibraltar, and Malta. No matter what the European governments tried, they just simply didn’t manage to ward off the many gambling sites offering their services to European players anyway.In the meantime gambling sites in Europe were slowly winning the loyalty of its players, and governments started to realise that no matter what they tried, the iGaming industry was there to stay. By now many iGaming markets through Europe implemented modernised gambling laws or are in the process of regulating. With all the European iGaming markets slowly opening up, the industry will be even more dynamic, is getting a chance to grow while players will be protected much better playing in a regulated and controlled environment.
Regulated markets are clearly carving the future of online gambling, even though the process of gaining a license, and being compliant in the chosen jurisdiction, is challenging. But operators who obtain a license in one of the iGaming jurisdictions mentioned on this site, or in one of the regulated markets, will remove any legal, reputational or bureaucratic barriers, simply by running a gambling website the legal way.
With the online gambling industry growing fast, regulated markets are clearly carving the future of online gambling. The process of gaining a casino license, and being compliant in the chosen jurisdiction, might be challenging. But once an operator, or software supplier like NetEnt, obtains a casino license in one of the iGaming jurisdictions such as Malta, Gibraltar, and Alderney, or in one of the regulated markets, the company will remove any legal, reputational or bureaucratic barriers, simply by offering their services the legal way.
Expansion on regulated markets is an important part of NetEnt’s growth strategy. For several years, the company has been investing in technology and expertise to adapt the company to regulated markets, and holds casino licenses and certifications in a number of European markets.
Online gambling industry Romania
With over 65% of its population having access to the internet (an estimation of 13 million internet users) and the 4th highest internet download speed in the world, Romania has a lot of potential. Besides, Romania is having a high percentage of mobile users with the country being one of the largest smartphone consumers in Europe, mostly due to the 4G connection and attractive offers from the key telecommunication company from Europe.
To meet some of the requests sent by the European Commission, the Romanian government passed legislation at the very end of 2014 that allows entities within the EU to apply for a casino license, imposes a reform on license fees and eliminates many of the tax burdens placed on players revenues. The modernised gambling law came into force by way of an emergency ordinance on 13 February 2015 and was passed by the Romanian Parliament on 6 May 2015 while being signed off by the Romanian President on 18 May 2015. Ever since the Romania’s new gambling law came into force, operators willing to accept players from Romania have the possibility to apply for a new State-issued license as long as they are based in any country part of the European Union, including iGaming hubs like Malta and Gibraltar, Switzerland, Norway, Liechtenstein, or Iceland.