Tag Archives: Romania

XLMedia seeks to grow Romanian services following ONJN Class 2 approval

Updating the market, London AIM-listed XLMedia has informed that it will extend its marketing services within the Romanian betting market, having been granted a Class 2 ONJN License by the Romanian National Gambling Office. The licensing approval will allow XLMedia to complete its acquisition of publisher assets within the market. XLMedia governance updated investors detailing that the company had acquired …

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Romania ONJN appoints Dan Iliovici as new President

ONJN, the National Gambling Office of Romania and core regulatory body for industry policy and licensing operations, has confirmed the appointment of Dan Iliovici as its new President. Iliovici takes over leadership of the ONJN from previous incumbent Odeta Nestor. Iliovici has prior industry experience having held the position of Executive Director of Romanian Gambling business association Rombet. In 2015, …

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Fortuna continues Romanian expansion with €47 million deal for Fortbet assets

Fortuna Entertainment continues its M&A expansion within the licensed Romanian gambling market. The Eastern European bookmaker confirmed this week that it was closing in on the acquisition of Fortbet Holdings gambling assets. Updating the market, Fortuna detailed that it was in the final stages of negotiations for the Fortbet properties of Bet Active Concept SRL, Bet Zone SRL, Public Slots SRL and Slot Arena SR. …

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Czech taxes & unfavourable sporting results impact Fortuna 2016 profits

Eastern European gambling operator Fortuna Entertainment is looking forward to a new business year, having closed a challenging 2016 for its operations. Releasing its ‘unaudited’ full-year 2016 financial results, Fortuna detailed that group wagering had reached €1 billion mark (FY 2015: €850 million), driven by higher sports betting player activity in all its key markets. The operator that services the …

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Beehive expands services into Romania with BaumBet partnership

Industry data-led customer retention marketing (CRM) specialist Beehive will expand its services within the regulated Romanian online gambling sector, by agreeing a partnership with BaumBet, one of Romania’s largest retail betting operators. BaumBet who recently launched its online betting portal www.Baum.bet, has installed Beehive’s CRM platform allowing for data-led optimization of its player targeting and messaging.  Octavian Manu, CEO at …

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Strong commercial pipeline delivers full-year 2016 growth for NetEnt

Boosted by a strengthened commercial pipeline, Stockholm-listed industry content and games developer NetEnt has declared full-year 2016 corporate revenues of SEK 1.45 billion (£130 million).  Closing its full-year 2016 performance, NetEnt governance would declare a group operating profit of SEK 536 million (£48 million) up 33% on corresponding 2015’s SEK 402 million (£36 million). Detailing 2016 highlights, NetEnt governance stated …

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Kiron joins Rombet Romania industry association

Industry virtuals sports systems and content provider Kiron Interactive (Kiron) has joined the Rombet Association as an official member, Kiron governance stated that it will continue to support a regulated Romanian gambling industry. Rombet, Romania’s gambling trade association, works directly with the government to help develop the latest regulatory legal framework for both land-based and online operators and providers. Steven Spartinos, CEO of Kiron Interactive, said: “It …

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Playtech opens Bucharest live gaming studio

Seeking to optimise its live gaming content services, FTSE-listed gambling technology firm Playtech Plc has confirmed that it has opened a ‘state-of-the-art’ studio facility in Bucharest (Romania) to cater for growing demand in licensees in newly regulated Eastern European markets. The Bucharest studio will employ native dealers in live broadcasts for Playtech gaming content clients. The new studio will further …

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EveryMatrix secures ONJN Romania Class II supplier licence

ONJN the national gambling regulator of Romania has awarded industry platform and software provider EveryMatrix a Class II licence allowing the firm to supply and distribute operator provisions for the regulated Romanian market. Confirming the ONJN licence securement, EveryMatrix governance was pleased to extend its services within Romania a country in which EveryMatrix has made significant investment building its operational …

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BetConstruct secures another gaming licence in Romania

Romania

BetConstruct has secured a Class II software provider’s licence from the Romanian National Gambling Office (ONJN). The company will now be able to supply its platform to all online gaming operators in the regulated market of Romania. Vahe Baloulian, BetConstruct CEO, said: “BetConstruct views Romania as a significant and forward-looking jurisdiction. With the ONJN license, we are bringing our powerful betting …

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