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Covid-19 Sets Back Romanian Gambling Industry by Five Years

Niji Narayan

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Covid-19 Sets Back Romanian Gambling Industry by Five Years
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Covid-19 pandemic has set back the Romanian gambling industry by five years, according to the data from the National Institute of Statistics (INS).

The Romanian gambling operators experienced one of the most severe declines of the last 30 years between March and May this year. The local gambling and entertainment industry fell by about 24% in March 2020 compared to the same period of 2015. The gambling sector’s March turnover was only 57 % of February’s. Then, in April and May, gambling businesses reported almost zero revenue.

“Given the situation, we made the necessary business continuity decisions and decided that the safety of our customers and employees was our main priority. We focused on the long-term business principles and we organized our activity so that we would be able to adapt as quickly as possible to the multitude of changes that occurred during this period. For example, over the past three months we went from ‘closed until further notice’ to being open round the clock and then back to limited opening hours (until 11 PM, later extended to midnight), and we hope to be able to return to our non-stop hours as soon as possible. During all this time, we’ve been focusing on communicating with our clients and employees, for whom we’ve taken extra health and safety measures. Maintaining communication with professional associations and the authorities for accurate information on the latest developments concerning gambling halls was equally important,” Attila “Otto” Török, strategy director at Game World Romania, said.

According to the latest data provided by the National Gambling Office (ONJN), 250 gambling operators are currently active on the Romanian market. They contribute about EUR 600 million to the state budget every year. At the beginning of 2020, there were about 45,000 direct employees of the local gambling industry and a few other thousand worked in related and dependent fields.

“According to Romslot data, for each RON the Romanian gambling industry generates, the upstream and downstream industries – HoReCa, IT&C, security – generate another 5 RON,” Török said.

He added that Game World currently has about 400 employees, while the parent group has a workforce of about 2000.

When talking about the biggest challenges the gambling industry is now facing, Török says these are related to the coronavirus pandemic and the health crisis, even though all operators have strictly implemented all the measures required by authorities to limit the spread of the virus.

Eastern Europe

EGT Georgia Becomes “Leader of the year”

Niji Narayan

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EGT Georgia Becomes “Leader of the year”
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EGT Georgia has received the “Leader of the year” accolade at the annual ceremony organised by the Union of National Business Rankings (UNBR) and the Swiss Ratings Association.

The award is given to ten companies, identified as leaders in the country, based on research performed by the Georgian Polling Group. The participants are ranked on several indices for their financial and economic performance, social responsibility activities and human resources policies.

“This is our second ‘Leader of the year’ accolade – the first we won in 2019. It is a great honor to be so highly evaluated in Georgia. In our 12 years of existence we have evolved from a small business with only 3 employees to one of the leading gaming manufacturers and suppliers in the country. It is a privilege to invest, create new workplaces and develop in the Georgian auspicious business and economic environment. The results we have achieved today are thanks to our team of 65 qualified professionals and our corporate philosophy to give more to our customers, seen as the only way to success. We are keen to keep this upward trend in future,” Radostina Valcheva, director of EGT Georgia, said.

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Compliance Updates

CT Gaming Interactive Gets Approval to Go Live in Belarus

Niji Narayan

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CT Gaming Interactive Gets Approval to Go Live in Belarus
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Online gaming content and solutions provider CT Gaming Interactive has received certification for a range of its slots from the regulator in Belarus.

The approval ensures that CT Gaming Interactive slot games can go live with operators that are available in Belarus. The titles coming out include 20 Star Party, 40 Mega Slot, 40 Treasures, Lucky Clover and Pot O’Luck.

“We are delighted to move forward with our approval to go live in the Belorussian market. We are happy to see how new customers enjoy our games,” Lachezar Petrov, general manager at CT Gaming Interactive, said.

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Eastern Europe

GoldenRace goes live in Romania thanks to Mozzartbet

George Miller

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GoldenRace goes live in Romania thanks to Mozzartbet
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GoldenRace leading virtual sports are now available in Romania thanks to the partnership the company has with Mozzartbet.

The enormous Serbian operator and the global provider of virtual sports and betting technologies have been collaborating in several markets since 2018, and now they offer GoldenRace’s award-winning virtual sports and games to Romainan players through Mozzartbet’s platform.

With this new step, GoldenRace strengthens its presence in Europe, while entering a new interesting market.

Martin Wachter, GoldenRace CEO & Founder said: “I am very happy to see such a good result after some complicated months and after all the amazing job my team has done. It is very big to be Live in Romania, especially with a partner like Mozzarbet, which is really recognised in the industry.”

Danijela Mladenović, Virtual Games Sector Manager at Mozzartbet added: “It is great to be able to offer our clients GoldenRace’s products. Its virtual sports shape the trends of the market, so this is an amazing addition to our portfolio.”

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