Reports
MARKET REPORT: ROMANIA
Essential information and facts about Romania:
Capital Bucharest
Total Area Population Median age
238,
391sq.km 21,529,967 40.7
Ethnic groups Romanian (83%), Hungarian (6%), Ukrainian, German, other
Languages Romanian (official) plus Hungarian, Romani Leu
Currency Government type Semi presidential republic
Chief of State President Klaus Werner Iohannis (since 2014)
Head of Government Prime Minister Mihai Tudose (since 2017)
Elections President elected by absolute majority vote for five year term and eligible for second term. Next elections due 2019. Prime Minister appointed by President.
and live casino games. Tey are partnered with Gaming1, Stanleybet and MegaJackpot.
BETTING Te betting sector has always been fairly well
regulated and taxed and the only change it has seen is in terms of competition from the online sector. Tey have however capitalised on the online laws and developed their own betting platforms.
Fixed odds betting companies pay a licensing fee of €25,000 per year and an authorisation fee of 16 per cent of revenue (but not less than €90,000 per year), so the authorisation fee is related to the size of the business.
Te betting market is however saturated. Football is the most popular sport although tennis, formula 1 and handball are becoming more popular. Te average bet is low around RON6-7 per ticket and the value of the domestic betting market is estimated to be around €200m on traditional bets.
Betting agencies must be a minimum of 15sq.m in size and offer traditional games such as mutual betting, fixed odds and exchange betting as landbased.
According to the Romanian Bookmaker Association there are 7,000 employees working in 3,000 agencies which are members of the association and they represent about 70 per cent of the operator market.
Tere are 27 fixed odds betting operators and the P66 NEWSWIRE / INTERACTIVE /
247.COM
market is pretty much dominated by two big players – Superbet and Fortuna. Te last couple of years has seen various buyouts to consolidate their market positions.
Recently in September Fortuna bought four companies from Fortbet Holdings group– Bet Active Concept, Bet Zone, Public Slots and Slot Arena – for a total of €47m. Tese four companies currently operate a network of 787 retail stores of which 57 per cent are owned and the rest franchised.
Earlier this year in February Fortuna also purchased Hattrick Sports Group, of which its holdings include Casa Pariurilor. Te sale went through for an estimated €135m and Casa Pariurilor continues to run under the same brand name. Fortuna gained its licence from the ONJN in 2015.
Meanwhile Superbet was founded back in 2009 and they have a network of 600 agencies in Romania offering betting and lottery services, virtual games and more than 2,000 slot machines. It’s net profit increased by 270 per cent in 2016 compared to 2015 and exceeded RON27m. In September this year they started trading on the Bucharest Stock Exchange.
Meanwhile the online gambling sector in Romania was initially legalised in 2010 and permitted fixed odds betting (including sports betting) and other online products from casino to poker games and bingo. Online mutual betting and lottery was also permitted by one operator, Loteria Romana.
However a regulatory framework emerged in Romania for online gaming between 2015 and 2016 and in this context online mutual betting is no longer under the monopoly of the state’s Loteria Romana, and a private operator currently has a licence to offer mutual betting.
It is said Romania has one of the best online regulations in line with other jurisdictions such as Malta, Denmark and the UK and is a booming sector.
According to International Telecommunication Union statistics some 68 per cent of the country’s population use the internet.
Online licensing fees are calculated on the operator’s turnover and generally for a turnover of less than €500,000 the minimum licence fee is €6,000 per year or for a turnover of more than €10m the maximum licence fee is €120,000.
Te authorisation fee for remote games is 16 per cent of operator’s GGR with a minimum of €100,000 per year, plus they are required to pay €5,000 to the Responsible Gambling fund annually (this fund has yet to be established).
Online operators (if they are Romanian resident companies or generate a permanent establishment in Romania) are subject to the 16 per cent corporate tax. Online players must submit a form to the tax authorities declaring winnings and pay their due taxes.
Administration fees must also be paid by the
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