iGaming operator’s license revoked by Romanian regulator

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iGaming operator’s license revoked by Romanian regulator

The gambling license of Betting Frenzy SRL, a local slot casino in Romania, has been revoked by the country’s online gaming regulator – ONJN.

This step was taken due to Betting Frenzy’s failure to complete a set of responsibilities, encompassing the ones related to payment and declaration issues.

Specifically, the ONJN cleared up that Betting Frenzy neglected to declare gambling taxes of approximately €650,000. Furthermore, the casino neither declared this huge tax nor remitted the owed sum to the appropriate entity. ONJN identified that Betting Frenzy hasn’t delivered the essential accompanying documents as required for its governmental payment commitments.

In light of these findings, the ONJN has opted to withdraw Betting Frenzy’s authorization to run slot games within Romania. Nevertheless, the casino remains obligated to settle a tremendous amount.

It is possible to challenge the judgment, which was approved by ONJN President. If Betting Frenzy makes a decision to do so, it has one month to file a challenge to the decision.

Meanwhile, Romania’s gaming regulatory body has also disclosed the inclusion of five new websites in the nation’s catalog of unauthorized gaming platforms.

The blacklist was introduced in 2015 prior to the formalization of iGaming regulations the next year.