08 Jan
In News
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Romania reduces gambling taxes; permits operators to offer online poker

 
It indeed is a very Happy New Year for Romanian poker players as their government amended laws to reduce taxes on winnings from gambling.
 
After the new law was passed by the government, the 25% tax rate from 2014 now only applies to players that have won over €100,000. 1% has been determined as the tax rate for the minimum winnings. While, player winning in excess of €15,000 will now have to pay 16% as tax.
 
The laws before being amended this week were first introduced in 2012. But there was wide consensus of them being insufficient. With he EU Commission filing a complaint of breached treaties, operators failed to apply for licenses.
 
Now that the 2012 gambling laws have been amended, fees applicable on licenses have dropped. Hence offshore operators can now get licenses at affordable prices.
 
In the last year or so, regulators have been in overdrive preparing list of gambling operators that have breached the country’s laws. These operators have now been handed a one-year penalty delay until they can approach the authorities for a license.
 
Romania it appears has adopted a policy just like Bulgaria, another EU state that has decreased taxes on gambling operators with effect from 2014. Their decision witnessed a spurt in poker rooms applying for licenses.
 
Simona

Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.

In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.

In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.

In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.

Past Projects:

  • TopSportWetten - Managing Director and Key Official
  • Bet United - Managing Director and Key Official
  • MMBet - Managing Director and Key Official
  • Olympia Bet - Managing Director and Key Offical
  • Production Planning and Project Manager - Infratec Pro Ltd.

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