Bet365 suffers setback in Romania

Bet365 suffers setback in Romania

Friday, January 15, 2016 Totally Gaming
The company was challenging a temporary ban in the country ahead of a full hearing

Bet365 has failed in its bid to overturn its temporary licence suspension in Romania.

The ONJN regulator announced in October that it had cancelled the gaming company’s online gaming permit due to alleged illegal market functioning in the two weeks before its licence was to become valid at the start of that month.

Bet365 argued that it should be allowed to trade ahead of a full hearing in 2016, but the Court of Appeal in Bucharest this week chose to "reject as unfounded the request for suspension of administrative acts challenged”.

The ONJN, which has awarded licences to Betfair, Sportingbet and 888, placed and Bet365 on its blacklist in October despite Bet365 having paid around €30m ($27.5m) in back taxes to meet the requirements for eligibility for a new Romanian licence.

Bet365 claimed to hold around a 50 per cent share of Romania’s online betting market at the time its licence was suspended.

There are now 18 licensed operators in the country’s online market, and ONJN president Odeta Nestor recently told that she believes that Romanian gambling has a bright future.

Nestor said: “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."


Paddy Power Betfair takes majority stake in Adjarabet


888 secures igaming licence in Portugal


Swedish regulator issues final warning to licensed operators


IG highlights client ‘quality’ as ESMA measures hit

Gaming Products & Services Directory

The essential directory for the gaming industry