National Gambling Office Established In Romania

Published Thursday, April 04, 2013 -

Romania is a country at the intersection of Central and Southeastern Europe, bordering on the Black Sea surrounded by Bulgaria, Hungary , Ukraine, Moldova and Serbia. This country suffered economic problems when the former dictator squandered millions on himself and his family. Romania has rich and vibrant long history that has witnessed a great deal of change. Because of its location it has become a gateway for the cultures of Europe and some think a lot of unscrupulous people pass through the Romanian jurisdiction. The country is a European member since 2007 and has been criticized for it corruption and unconventional regards to laws and justice. Many believe Romania is harbouring many organized crime figures that have a heavy influence on the way things are done in the country.

The European Parliament vetoed the recent application by Romania to join the Schengen agreement which provides free movement between 26 European countries including all EU member states with the exception of the United Kingdom and Ireland. A 2010 law which makes criminals out of players that play on unlicensed sites, and it carries a maximum two years imprisonment for doing so. Gambling legislation that deals with online gaming was passed in late 2010, but has not been implemented because the monitoring and reporting agency was yet to be established. Finally the government has announced the creation of the regulatory body to be responsible for the legislation.

The National Gambling Office (NGO) will be facilitating Romania’s internet gambling program by April 15 2013. The regulations in Romania require that all licensed operating companies be established legally in Romania. Unlicensed operators in the Romanian market are severely restricted on advertising their product or services. Conditions set by the Romanian legislation are difficult to comply with The EU Commission has twice rejected proposals by the Romanian legislation for non-compliance reasons with E.U. law.

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