Gaming Innovation Group, an affiliation of iGaming technology has been given an affiliate license, a class II license by the Romanian regulatory body known as National Office for Gambling (ONJN).
This will allow the company to enter and begin to regulate the Romanian market with affiliate marketing services. The license also gives Gaming Innovation Group’s media services a go head to channel traffic to online casino and sportsbook operators who possesses a license to operate in Romania.
The media services are in charge of the media assets. The services is regarded has one of the top rated media services in the market. Gaming Innovation Group media services handles the publishing and the payment of media teams of the company.
The company’s regulated markets expansion has always been based on the adaptation of the media vertical, this is expected to capitalize on it’s “proprietary technology and know-how”. These and more is expected from the new market entry coupled with other opportunities.
Making his opinion known about the recent licensing, Gaming Innovation Group’s Chief Operating Officer, Richard Brown had this to say
“ We are excited to extend our market reach by starting to refer end users to operators with a Romanian licence. We are expanding into another regulated market where we will be able to utilise the full range of marketing channels available across both the sports and casino verticals. Romania is still a developing market and with good projected underlying growth in the online sector which has accelerated in the last couple of years.”
In fact, following H2 Gambling capital, which is a subsidiary of H2 Leisure Limited. A company which provides and gives out data, consulting services and market intelligence as regards the interactive and land-based gambling industry in Europe and also the United States of America.
The company released a statistic which shows that almost 19% of all gambling that takes place in Romania is been made online, this is worth a whopping market value of USD1.5 billion as at this year’s statistics are based on the total gambling gross win.
Online gambling is predicted and estimated to grow by 12% from 2019 to 2020 and it may reach over 30% of grand and total gambling by 2024.
Is this the first time ?
This isn’t the first time the Romanian regulatory body would be releasing a Class II license to gambling companies. In fact, In the year 2018, ONJN granted the license to Betsoft Gaming, Slovenian independent software supplier, Comtrade Gaming; a top rated turnkey solutions provider, Finnplay; a developer of real money gaming platform and solution, Oryx Gaming; a creator and provider of online and land-based gaming and BetConstruct.
In other news, I guess Gaming Innovation Group will also have a bigger fish to fry as their subsidiary, Zecure Gaming Limited which is known to operate it’s brands in Sweden has been issued a warning and charged with the sum of SEK3,500,000 by the Swedish Gambling Authority Spelinspektionen (SGA) for reportedly presenting an U17 game between Georgia Vs Slovakia on the 28th of January 2019 on the brand’s Swedish website.
The Company pleaded not guilty and claimed that the game was incorrectly offered and that no bets were taken from anybody. They plan on challenging the verdict passed by the Gambling Authority.