At the beginning of 2015, Romania got a place in the spotlight as the legislator had finally managed to set the floor for the local gambling market to be revitalized by adopting several normative acts aimed to create a flexible, modern, and at the same time, attractive gambling legal framework.
Since then, several actors on the gambling market have applied for an interim license. However, in some cases, the lack of transparency of the licensing procedure has led to the unpleasant outcome of having their just issued right canceled.
Today, the waters are far from settling with the secondary legislation and the technical order still not in force and long awaited by industry players.
Many things are yet to be accomplished, as further to the enactment of the secondary legislation, the application for second class licenses opens for suppliers for software and platform hosting services, but also for payment processors and marketing affiliates. And when that finishes, the full licensing process will have opened for the gambling operators, as by then the interim right might have expired.
Ana-Maria Baciu and Cosmina Simion, Co-Heads of NNDKP’s Gaming Practice, will take you through the key hot-points of discussion as concerns the current status of the Romanian gambling legal framework and provide a set of legal insights aimed to help you navigate the domestic market.
Partners Ana-Maria Baciu and Cosmina Simion co-head the Gaming practice at NNDKP, one of the largest and most reputed law firms active in Romania offering integrated legal and tax advice. For the past eight years, both Ana-Maria and Cosmina have been dealing with gaming related aspects, including by being actively involved in the recent review of the gaming legal framework, as well as contributing to initiatives regarding technology, media and communication, and assisting on all legal matters related to the organisation and operation of gambling activities in Romania, including licensing and specific regulatory matters.
source : www.igamingbusiness.com
