Romania: Imminent changes in the gambling regulatory regime?

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Explore:  Casinos EU Gambling

“Casino Inside”, the gambling industry magazine in Romania organised yesterday (5 December) the second annual reunion of gambling professionals.  Representatives of both public authorities as well as private operators attended. Of note, the speakers included Mrs. Odeta Nestor, President of the National Gambling Office, Mr. Tudor Simota from the Ministry of Finance, Mr. Claudiu Scarlatache, Deputy Director of the Police Division for the Investigation of Frauds, Mrs. Steluta Oncica – Director at the National Office for the Prevention and Fight against Money Laundering, Sorin Constantinescu, president of the Association of Romanian Casinos and other representatives from betting associations.

During this prestigious reunion, Mrs. Nestor, president of the newly established Gambling Office in Romania who represented that the Office, noted that she working intensely with the industry representatives on one side and the government on the other side with a view to finalise a draft legislative act by the end of the month. In addition to complying with the recent enquiry received by Romania from the European Commission, it was said that legislative initiative aims to bring significant changes to the regulatory regime governing the industry. Expectations are that the level of taxation will also be changed at least in what concerns the elimination of the 25% income tax on players gambling revenues.

Sources say that such draft legislative act may reach the government agenda as soon as next week.

Topics:  Casinos, EU, Gambling

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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