The procedure for approving new gaming programs – between legislative uncertainties and unpredictable practice
For remote gambling operators that are licensed and authorized to offer online casino games, the procedure to extend the offer of games with other new software programs has proved to be from the beginning of the open online market rather difficult, implying a long process and causing in time various problematic aspects caused both by the lack of specific regulation and clarity of the existing provisions, and by an approach of the...
Common exploitation of gambling – joint venture
by Anchidim Zăgrean, Rombet vice-president Given the fact that the special regulation of gambling in Romania allows for the common exploitation of gambling, between an organizer and one or several economic operators or natural persons, in the article below, we present to you the most common case: joint venture. This type of contract, concluded under the law, represents the most practical form of gambling exploitation...
The new anti-money laundering law is about to come into effect. What should gambling operators do?
Romanian Bookmakers comes to support the gambling companies with a practical analysis on the upcoming mandatory compliance with the new regulatory framework resulting from the transposition of Directive (EU) 2015/849 into domestic law The new regulations on the prevention of money laundering or terrorist financing, which result from the transposition of Directive (EU) 2015/849, have quite significant impact on the organization...
Promotional campaigns for games of chance: regulatory and fiscal aspects to consider
by Alina Tace (Dumitru), Senior Associate, NNDKP Gaming practice și Lucian Barbu, Tax Partner, Tax Advisory Services NNDKP A relatively common practice in the field of games of chance, especially in on-line, is the set-up of marketing campaign in which the participants to a specific game of chance may also participate to a prize draw through which they can win various goods or services (e.g., vacation tickets, tickets to...
CONTINUED CHALLENGES FOR GAMBLING ORGANIZERS – GDPR and AML
By Ana-Maria CALANCEA Junior Associate C.A. LUCA Mihai Cătălin Nicoleta BĂRĂGAN Associate C.A. LUCA Mihai Cătălin While the GDPR has been in effect since 25 May 2018 and implemented in the national legislation under Law no. 190/2018, the provisions of these two legislative acts lead to enhanced interest among the gambling organizers who, by the nature of their activity, are also acting as controllers (of personal data). One of...
ROMSLOT: The law on the fight against money-laundering, a test of maturity for the gambling industry
Although it’s summer, the gambling industry isn’t on vacation. As it functions within one of Romania’s most regulated activity sectors, the companies in the industry work full-time, currently undergoing a process of adapting to the legislation, regardless if to specific regulations or general regulations, which also focus on other sectors. One of the regulations that the industry is most interested in at the present time is Law...
