Play 'n Go Receives License in the Suddenly Heating Up Romanian MarketPublished June 30, 2016 by Lee R
ONJN lets it rip with a flurry of licenses given to iGaming operators, software developers and affiliates as of lately.
Swedish software developer Play'n Go is the latest operator to receive an iGaming license in Romania.
ONJN Letting it Rip
Romanian gambling regulator Oficiul Național pentru Jocuri de Noroc (ONJN) has been issuing more and more licenses lately, rendering the formerly constrictive Romanian market more and more intriguing as well as appealing of late.
Adaptation Spurs Expansion
With many more operators on tap for the market having submitted pending license applications, Romanian regulators are working to adapt unified legislation to meet the diversity and harness the revenue benefits of national market expansion.
Two More New licenses
The Play 'n Go license is just the latest license issued in opening Romania, with UK casino games provider iSoftBet also recently receiving a license to join the ranks of competitors in the Romanian market.
Other recently added big name operators include NetEnt, Prima Networks, Playtech, Vermantia and 888. The latest licenses belonging to Play 'n Go and iSoftBet promise to diversify the offerings to Romanian players considerably, and should spur more activity and increase revenues to bolster expansion.
The range of iGaming support of existing licensees currently includes game offerings, unified platforms, software support, distribution and production of software, with Prima for example integrating the Microgaming’s Quickfire platform. This platform will bring gaming to mobile devices, to keep up with the trend of global mobile expansion which of course includes the Romanian market.
This new expansion of the Romanian market is a re-awakening of sorts, with the Romanian government rapidly transforming discouraging Draconian guidelines model into a sustainable and innovative regulation model moving to the forefront of iGaming evolution.
ONJN came on the scene as a new regime in 2015, imposing strict guidelines in a market that was wholly unregulated until that point, resulting in a market deadlock by later in the year caused by the suspension of many licensed operators and the imposition of huge fines on players at blacklisted online casinos.
Increasing Organizational Credibility
Licensure in the Romanian market is an important milestone for multinational iGaming companies. It stands an indication of specialized organizational activity by offering different classes of licensing to increase compliance. For instance, the Class 2 license covers iGaming management and hosting facilities, with other classes authorizing distinctly specified activities within the Romanian iGaming market.
With European competition intense, any added signs of credibility are of value to iGaming companies, no matter what services they offer.