Radical changes for the gambling legislation, caused by the financial crisis. Higher fees and taxes, harsher conditions for gambling licenses or a limit imposed for the number of gaming machines. These are only part of the obstacles the game operators in Western Europe have to face with. The low volume of bets on a background of tougher legislative norms, make the representatives of the gambling industry to hardly face the situation. The summer of 2009 was to melt many businesses of the local gambling industry. The Emergency Ordinance no.77 from 26th of June 2009 (O.U.G. NO.77/2009) has radically changed the […]

Even Sorin Constantinescu himself, the president of the Association of Casinos’ Organizers in Romania and the president of Regent Casino, confesses that he is “demoralized and confused” about how difficult has become these days, to maintain the business on a floating line. However, he claims that the new legislative aspects could lead the gambling industry on a profitable and correct path. The new law for the acceptance of the Emergency Ordinance no. 77/2009, regarding the organization and exploitation of gambling, has been recently discussed by the Finance and Budgeting Committee of the Romanian Parliament. What is the news? What was […]

The new legislative measures that are to be adopted by the Romanian Parliament in the foreseeable future are the “twin sister” of last year’s decisions adopted by means of O.U.G 77/2009. “Following the debate for the approval of the draft of the Emergency Ordinance no.77/2009, regarding the organization and exploitation of gambling, during the meeting on June 23, 2010, the Commission proposes submitting for discussion and adoption for the Chamber of Deputies, a report of accepted amendments which are presented in Annex 1 and of rejected amendments, which are presented in Annex 2.”, this is the way the new series […]