Reports MOLDOVA - MARKET REPORT
Te NLM believes that it could earn over LEU100m from sports betting alone each year without competition from other operators.
It is estimated that around LEU200m in spent on foreign sports betting and online casinos bets each month with around 60,000 active players in the country. Te legal lottery has around 4,000 players registered. Te tax on winnings is expected to have a big detrimental effect with many players choosing to instead access foreign sites to avoid the tax.
According to a report undertaken by Ziarul National the total turnover the Moldovan sports betting industry is worth around LEU2bn per year.
Plamen Milanov, Director of NGM, was quoted earlier this year as saying: “Given the efforts to combat illegal betting as we see during March, we are convinced we will be able to provide the state with amounts reaching LEU5m per month for each of the remaining months of the year totalling around LEU50m in 2021.
“We have data on the size of the illegal market in
“We have data on the size of the illegal market in Moldova. Tese are amounts that are three times higher than the turnover achieved through the state sports betting platform
7777.md. Respectively we could reach the amount of LEU180m per year, money that can be insured to the state budget.” Plamen Milanov, Director of NGM
Moldova. Tese are amounts that are three times higher than the turnover achieved through the state sports betting platform
7777.md. Respectively we could reach the amount of LEU180m per year, money that can be insured to the state budget.”
CASINOS AND SLOT HALLS
Following the 291/16 law a new casino law was introduced to regulate the sector and a year later the HG820/17 introduced the set up of an electronic monitoring system to collate all transactions and data. Other rules for casinos include:
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Gambling operators (other than via state monopoly) must have a share capital of
P154 WIRE / PULSE / INSIGHT / REPORTS
LEU5m with at least 70 per cent of this in available funds.
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Must have at least five years experience in operating games of chance in Moldova or the EU.
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Must have a guarantee of an amount not less than the share capital.
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Gaming operations cannot be located near education or religious buildings etc.
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Minimum age limit for gambling in casinos and slot halls is set at 21.
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Casinos must be in separate rooms with street access and only four-star hotels or above can
host a casino in their premises.
Casinos in rural areas must have at least 10 slots and five tables including at least one roulette. Urban casinos must have at least 20 slots and six tables (including one roulette minimum).
Te licensing fee for each gaming table is LEU600,000 and LEU130,000 per roulette table.
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