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Red Rake Gaming expands in Romania with Netbet.ro

George Miller

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Red Rake Gaming expands in Romania with Netbet.ro
Reading Time: 2 minutes

 

Casino games specialist Red Rake Gaming, based in Spain and Malta, has agreed a partnership with netbet.ro to offer the full Red Rake Gaming portfolio in the Romanian market.

NetBet.ro has selected Red Rake Gaming as its newest partner to continue to offer their players the best in gaming products for the Romanian market. NetBet has a strong reach in Romania, built through continually delivering engaging and high quality content to its players, which will continue with the release of the top performing games from the Red Rake Gaming portfolio.

Red Rake Gaming is delighted to be included in one of NetBet’s strongest markets and looks forward to seeing the results from top performing games, including its newly released Super 12 Stars which delivers an action packed experience to players from the first spin.
Red Rake Gaming, certified in Spain, Portugal, Sweden, Italy and Romania, and with licenses in Malta and the UK, are very adept with the regulated landscape and can ensure players can have the best experience when playing on any of the popular titles on offer.

Nick Barr, Managing Director for Red Rake’s Malta operations, commented on this agreement, saying: “We are thrilled to expand our partnership with NetBet who we have built a great working relationship with since our initial launch. Our growth in the regulated market space has been exceptional this year, which is a testament to the delivery of new and engaging content we produce. We look forward to continuing to work with the NetBet team and the results which are sure to come from the growing Romanian market.”

Horia Valuch, NetBet Romania’s COO, said: “We welcome Red Rake Gaming on our platform and we are confident that this partnership will be appealing to our users. Our Casino offering is always being enhanced with new and innovative providers, and the addition of Red Rake Gaming’s content brings fresh and engaging games, full of intriguing features and mechanics. Without a doubt, Red Rake’s content will be very popular with our players.”

 

About Netbet.ro :
NetBet is an online gambling operator established in 2001, present in over 16 countries and on the Romanian market since 2015, where they were the first to secure a 10-year class 1 license. In addition to their huge online casino they offer a sportsbook, Poker, Vegas, Lotto and Live Casino games making them one of Romania’s top gambling platforms and also the country’s largest online casino.

About Red Rake Gaming:
Red Rake Gaming, an online casino provider, offers a wide and varied portfolio of top-performing games across various markets including Belgium, Italy, Spain, Portugal, Romania, Malta and the UK. As a boutique provider to the iGaming industry, we pride ourselves on working closely with our partners to drive their revenues through our high-quality game production, exclusive promotions and flexibility to accommodate their individual needs. Coming from a strong social background,

Red Rake Gaming content has already been proven in the social casino space, with all the success from social applied to our real money gaming. Since its inception, Red Rake Gaming has experienced significant growth, and demand for featuring rich games continues to strengthen. With over 30 top-performing slots, video bingo’s, video poker and table games, Red Rake Gaming has games to meet all operators’ requirements.

For more information on industry-leading content, please visit: www.redrakegaming.com.

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Eastern Europe

Ukraine’s UPEA Unveils Five-year Strategy for Esports Development

Niji Narayan

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Ukraine’s UPEA Unveils Five-year Strategy for Esports Development
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The Ukrainian Professional Esports Association (UPEA) has introduced its strategy of esports development in Ukraine for the next five years, as well as its structure and key objectives.

UPEA intends to raise funds, develop streaming studios, open an “esports ready” hotel, increase the number of international tournaments, attract investments, and more.

The Association plans to attract $100 million of investments, $42 million of which has already been made towards the purchase and development of the first “esports ready” hotel on the infrastructure base of the Dnipro Hotel. Another $20 million is planned to be invested into its reconstruction, according to a release.

“We want Ukraine to be among the world leaders, and today we have all chances to enter the TOP-5 countries with the most developed esports ecosystem,” Oleksandr Kokhanovskyy, Board Chairman for UPEA and Founder of Natus Vincere, said.

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Eastern Europe

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.

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Eastern Europe

Domestic and International Operators Interested in Gambling Market of Ukraine

Niji Narayan

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Domestic and International Operators Interested in Gambling Market of Ukraine
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According to Oleg Nemchinov, the Minister of the Cabinet of Ministers, the Finance Ministry has already received several formal and informal requests regarding the regulation of gambling from gambling networks, bookmakers and lottery operators. The gambling commission has not been created yet and officials expect even more interest when the regulator is formed and starts issuing licenses.

The Minister has also commented that legalisation will force illegal gambling to follow the rules.

“I believe that the legalization of the gambling business will bring all these establishments out of the shadows or simply force illegal activities to close. The Commission is called upon to prevent pseudo-lottery, pseudo-games, pseudo-automatic, only a verified software product, only licensed institutions, only people who officially work,” Oleg Nemchinov said.

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