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June 25, 2021

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NetBet gets Romanian license

NetBet gets Romanian license
NetBet has restarted its activities in Romania after a 12-month break following its advance payment of all penalty, licensing and authorization taxes and guarantees to the Romanian Government.
Romania | 07/02/2015

NetBet has restarted its activities in Romania after a 12-month break following its advance payment of all penalty, licensing and authorization taxes and guarantees to the Romanian Government.

T

he group did not reveal the amount it paid in retroactive taxes but said it had received a temporary license from Romania’s Supervising Committee of the National Gambling Office that will run until 31 December 2015, during which time NetBet will prepare its application for a 10-year license.

The issue of retrospective taxes is dominating discussions among companies interested in the Romanian market. The total payable by the sector could reach up to €90m, with operators such as bwin, PokerStars and Bet365 liable to pay the bulk of that amount.

The group employs 250 staff in the Romanian town of Timisoara, it said regulated markets across Europe would “always be the main target” for its activities as they “provide safety and peace of mind for the players, predictability and a solid environment for operators while the regulator can collect much-needed revenues from taxing these activities”. NetBet is licensed in Belgium, France, Spain, Italy and the UK.

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