Romanian gaming chief hopes to “strengthen” ties at WrB Eastern Europe

Romanian gaming chief hopes to “strengthen” ties at WrB Eastern Europe

Tuesday, November 24, 2015 Totally Gaming
Odeta Nestor is delighted to welcome the gaming industry to Bucharest

Romania’s hosting of World Regulatory Briefing (WrB) Eastern Europe is a sign that it is now an established market in the gaming world, according to Odeta Nestor, president of the country’s National Gambling Office (NGO).

Nestor is keen to welcome attendees from across the sector to Bucharest for the event, which takes place on December 2, and has a clear message that Romania is keen to embrace the regulated gambling industry.

It has been a year of change in Romanian gaming, not least with a new taxation system and the regulation of service providers. Nestor has been at the heart of that change, with the NGO in charge of the licensing, monitoring and control of the gambling market, and with “strengthening relationships” between regulator and operators at the core of her strategy, she believes WrB Eastern Europe arrives in Bucharest at an opportune moment.

“For me personally, the organisation of WrB in Bucharest is an occasion of great joy and is a confirmation of Romania’s existence in the European gambling market,” said Nestor, formerly chief financial officer of the Romanian National Lottery. “It is also a great opportunity for us, as a regulator, to present you the new rules that we have worked on for more than a year and a half.

“These regulations are meant to align Romania with European standards and to provide certainty to the operators that a successful business can also be developed in Romania, too. I hope to get to know attendees better during this event and I assure all present that I will be available for any questions they might have during the event.”

More than 50 organisations will be present at WrB Eastern Europe, with experts giving the latest news and opinions on developments in Bulgaria, the Czech Republic, Lithuania and Poland, as well as Romania.

Nestor will deliver a keynote speech, entitled ‘Understand the market potential of Romania’s freshly-laid online gaming legislation’, in which she will discuss the new legislation in her country and consider the challenges that the NGO and operators have faced.

“We aim to offer the participants the opportunity to exchange opinions on the recent legislative changes on the industry to share practical experiences and to express their point of view on the interpretation and especially, on the application of the adopted regulations,” Nestor said.

While there are still just 13 licensed operators in the country’s online market, this number includes big names such as Betfair, Sportingbet and 888, and Nestor believes that Romanian gambling has a bright future.

Nestor added: “We believe that the market will naturally adapt to the new regulations. The law requires responsibility and seriousness, and those who want to conduct fair business will benefit from the requirements laid out by the framework.

“The Romanian market is a market of great potential and interest for the large operators. The perspectives are positive and within a few months we will certainly have figures to confirm this.

“By the end of the year we expect that more international operators will have submitted their application documents. We hope that at the beginning of the next year we will publish real data to support the benefits that these legislative changes have actually brought in the market.”

* World Regulatory Briefing Eastern Europe takes place in Bucharest, Romania on Wednesday, December 2. For more information visit www.wrbriefing.com/ee and download the conference programme here

Related article: What Bulgaria can offer to other European jurisdictions

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