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Romania Online Casinos

Romania joined the European Union in 2007 but still has the Romanian Leu as currency, meaning it doesn’t belong to the Eurozone. The capital of the country is Bucharest, and close to 20 million inhabitants live in this western European country that has Romanian as the official language.

Gambling history in Romania goes back to the beginning of the 20th century when the Romanian Lottery was created. The dictatorship of Nicolae Ceaucescu prohibited gambling, but in the 1990s that ban was lifted, and in 1991 the first post-communist casino was open in the country.

Legislation

These days, most casinos are located close to the capital, Bucharest, but there are a few throughout the country. Poker and sports betting are another popular and growing activities in Romania.

The country sees gambling as a stable source of income, and for that reason 2014 was the year when local authorities decided to review the old laws and make them more adequate for the development of both land and web-based gambling operations.

The National Gambling Office is the entity responsible for licensing operators, being a Supervisory Committee responsible for rules and regulations of the sector. The Romanian gambling market is still a monopolist one, and the Loteria Romana, SA is the company responsible for all the online and offline gambling options.

Despite online gambling is legal for over 5 years now, the sector has been inactive. Only in 2014, the authorities looked closer to the online gambling requirements, and new legislation was made to make clearer the requirements operators had to follow, namely taxes and fees they have to pay.

This new law aimed also the protection of minors against gambling addiction, and for this to happen a Foundation was created, also to ensure the measures are compatible with the European Union ones.

In terms of taxes, the 25% standard taxes previously required were lowered to 1%, but that raises to 16% when the revenues are superior to 15.000, and keep unchanged in 25% for players who generate more than €100.000. Operators pay a fixed 16% fee, apart from another fee that depends on the annual revenue.

Gambling Online

The changes to the law allow for foreign operators to be available on the local market, and they are able to apply for three different classes. Class 1 is for online providers, Class 2 for both land and web-based providers, and class 3 for lottery games.

The new licenses are valid for 10 years, while the previous ones were just 5 years. Specifications about technical requirements are also listed, namely the information of the participants that have to be backed-up on a server in Romania for a period of five years. Even the software has to be approved by the Monitoring Committee.

In 2007 Romania became an EU member and this meant that any changes in gambling legislation had to be approved by the Union. In 2010 online gambling was legalized, but operators did face some setbacks over the years. Basically, there was not a regulatory body that could issue licenses.

This changed in 2013 with the creation of the Romanian National Gambling Office, but at the start, rules were too restrictive, and the EU criticized the country for the existing corruption in the sector.

In what online regulations are concerned, they were very detailed, and a good example is that is obligatory the existence of a clock for the players to keep track the time of their gambling session, as well as a statement of the player’s balance.

This information has to be in Romanian, and any players gambling more than one time in less than 12 hours receives an e-mail about potential risks associated with that fact.

Gambling Online in Romania

With all the market well-regulated and safety measures created, quite a few sites do exist where Romanians can gamble safely. We leave here a few suggestions.

Euro Palace Video Slots Guts Casino
Royal Panda Royal Vegas Mr Green