NetEnt Games now live with several customers in Romania
After NetEnt obtained two class 2 casino licenses from the National Gambling Office in Romania in May this year, the company today announces that successful integrations resulted in the NetEnt Games being live with several customers on the regulated iGaming market in Romania.
NetEnt continues to expand globally and expansion on regulated markets is an important part of NetEnt’s growth strategy. While providing premium gaming solutions to the world’s most successful online casino operators already, NetEnt keeps investing in technology and expertise to adapt the company to regulated markets. It is therefore that NetEnt holds casino licenses and certifications in a number of European markets. The company has been approved for UK licenses in April 2015, for example, and also received its Spanish casino license in June last year after it went live with Spanish operators on the exact same day. NetEnt has also been granted gaming licenses in Malta, Gibraltar, Alderney, and Belgium, but NetEnt was also among the first casino providers to enter the regulated Italian market in 2011 and the Danish market in 2012 while being certified in Estonia as well.
When it comes to future markets, Portugal is preparing for regulation and licensing within the near future and in the Netherlands, regulation of the market is expected to take place in 2017. In September 2015, the Swedish government initiated the process to reregulate the online gaming market and a new law proposal is expected to be announced in 2017 and, if approved by the parliament, come into force during 2018.
In the US, a few states have opened up for online gaming: Nevada (poker), Delaware (all games) and New Jersey (all games). NetEnt applied for a license in New Jersey at the beginning of 2015 and has been granted several transactional waivers to launch games with operators in the state, while its full license application is still being reviewed.
Casino licenses in Romania
It was at the end of May that NetEnt announced that it obtained two casino licenses from the online gaming regulator in Romania, an online gambling market with lots of potential. The class 2 casino licenses have been granted from the National Gambling Office in Romania and cover production and distribution of specialized gaming software, as well as management and hosting facilities for online gaming which means NetEnt is now permitted to supply licensed operators in the country with online slots and casino games, as well as promotional tools.
”We keep delivering on our global growth strategy by strengthening our position on regulated markets and we are very pleased that our popular games are now also available in Romania”, says Enrico Bradamante, Chief of European Market Operations and MD of NetEnt Malta Ltd.
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 is of the most promising iGaming markets in Europe at the moment. Due a fast 4G connection and attractive offers from the key telecommunication companies from Europe, Romania is having a high percentage of mobile users. Considering the fact that NetEnt has the widest range of mobile games available for the iGaming market, there’s no doubt that NetEnt deserves to be part of Romania’s online gambling industry.
To meet some of the requests sent by the European Commission, the Romanian government passed legislation at the 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.