NetEnt Secures Class 2 Gaming License in Romania
Swedish casino software provider, Net Entertainment, has been awarded class 2 gaming licenses from the National Gaming Office in Romania. These licenses will allow NetEnt to produce and distribute casino gaming software, as well as management and hosting facilities for online gambling in Romania.
“For several years, the company has been investing in technology and expertise to adapt the company to regulated markets, and holds licenses and certifications in a number of European markets,” read a statement from NetEnt confirming the granting of the licenses.
According to NetEnt, one of its primary goals has been its expansion into regulated European and non-European markets. It holds licenses in several of these markets, but is constantly striving to expand further.
Romania is a newly regulated online gambling market after opening up for international operators and service providers in 2015 when the government approved the Government Emergency Ordinance 92/2014 which has become their regulation regarding land-based and online gambling. This regulation now allows International online gaming companies to secure licenses to operate in the country.
One of Romania’s primary considerations with the reforms was the benefits the country would achieve with regards to tax income. Operators will now be required to pay tax based on gross gaming revenue from local customers. Romanian officials are expecting that the new regulations will generate more than €100 million in additional tax revenue per annum.
NetEnt has also recently been focusing on the US online gambling market and has been securing its position as a leading operator in the newly-regulated states of Nevada, New Jersey and Delaware, the only three states with regulated online gambling. NetEnt has signed agreements with a number of major land-based gambling operators that also offer online gambling services in New Jersey over the last couple of months.
April 16, 2017