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Romanian iGaming: A Market Growing Into its Potential
By Shane Addinall Sep 29, 2022 IndustryLeading gaming providers established live streaming hubs in the country, and news of more reputable providers entering the market shows how promising Romania's iGaming future is. The region makes all the right moves to become an industry leader.The Romanian remote gambling industry experiences exciting acceleration, and providers take notice of the attractive opportunities this region holds. With its rich history of gambling and unmatched internet speeds, operators leverage Romania’s beneficial business climate allowing online gambling to become an integral part of the economy.
Gambling regulations create opportunities for top-tier operators and iGaming providers to offer their games to Romanian players and create excellent content on Romanian soil.
The European region’s gambling market made €900 million in 2021, and increased mobile connections in the past year mean a further revenue boost for operators.
Multi-Faceted Opportunities
Following its exit from communist dictatorship rule, Romania has taken to the freedom of its new government like a fish to water. The same rings true for its gambling industry after the updated legislation in 2013 and the amendments that followed. Romania's National Gambling Office, the ONJN, provides three classes of local licenses and clear guidelines to licensees that cultivate success.
The ONJN also ensures a high level of consumer protection to prevent risky gambling patterns and prevent underage gambling. Platform providers must ensure all players have a visible real-time clock on their screen and the ability to control their spending and withdrawal preferences. Player protection protocols specify a certain level of operator interaction while giving consumers control over their choices.
Romania's iGaming industry has the advantage of an 88% internet-user penetration rate, with approximately 16.79 million users accessing online services in the country. Thanks to the nation's technology and remote services approach, the online gambling market nearly doubled in the last three years.
The European nation has a long-standing passion for gambling, and the region has the world's fastest internet connection, making it the perfect live streaming location. Understandably, leading live casino providers established studios in the country, providing exciting employment opportunities for locals.
Leading Providers Enter Romania
Live casino operators like Ezugi, Evolution, and Playtech contribute to the Romanian economy through their live streaming studios in Bucharest and other areas. Pragmatic Play recently established its live studios here as well, and these providers already enjoy success with its popular slots and other casino games like poker, roulette, and blackjack.
The Balkan country allows foreign operators to apply for licenses without a local offline presence, and this variety creates a healthy iGaming ecosystem. Romania has tremendous potential, with industry figures paying testament to this fact. An influx of established and trusted providers propels the country to lead the way for European and global iGaming.
With its beneficial legislation and technological innovation, Romania steps into the spotlight for young talent. Romanian punters already have the best choices at their fingertips, and the region's current trajectory promises much greater results in the future.
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