Romanian gambling regulator the National Office of Gambling (ONJN) has published its methodological norms for implementing revamped gambling legislation, setting out the operating conditions for online and land-based companies.
The secondary legislation was adopted by the Romanian government last week, setting out detailed rules to ensure the smooth running of traditional gaming and iGaming businesses in the country.
Only operators registered in Romania, the European Union, the European Economic Area or the Swiss Confederation are eligible to apply for a licence, with companies located outside the country required to appoint a local representative.
Operators will be awarded ten-year licences and will be required to secure approval for each gambling product they intend to offer. Applicants will initially be given a temporary licence, granting them three months to comply with all the methodological norms before they are granted full certification.
Companies can secure an extension to this three-month timeline, provided they submit a request at least 30 days before the expiry of the period.
Once a company secures certification, they must display the approval in a conspicuous manner, either on their website or in their land-based gambling venue.
The norms also set out provisions for a blacklist of sites, platforms and applications – something which has already in operation with more than 500 companies blacklisted.
The government has also set out advertising regulations, requiring operators to protect minors from exposure to gambling advertising and prohibiting the placement of ads within or near any educational institutions, socio-cultural or religious establishments.
The value of stakes, percentage of the total prize on offer and the value of prizes for games must be displayed prominently in Romanian on operators websites, while the minimum percentage payout for slots and amusement with prizes machines but also be clearly displayed.
The act also sets the timeline for tax payments, with the country’s financial authorities required to inform the gambling regulator about failures to make declarations or payments on time.
Operators falling foul of the regulations will be subject to fines of up to RON50,000 (€11,000), depending on the seriousness of the offence. However the fine can he halved if the guilty party pays within 48 hours.
Other sanctions such as a temporary licence suspension for up to six months can also be enforced.
The full regulations are available for download here. (RO)