For several years the gambling industry in Romania has seen rapid expansion. Ritzio Entertainment Group, a leading Russian operator, ventured into the Romanian market in 2005 and quickly grew its Million brand of middle-sized gaming clubs to 70, then adding another 23 in 2008. In 2000 many Romanians saw gambling as the way to improve their standard of living and the country held a top position for the ratio of gambling halls to population but the economic downturn and better legislation is turning that around.

In 2008 there were some 40,000 licences for operating gambling venues and the government has been criticised for looking at profit before protection of those adversely affected by gambling. Bucharest alone had around 700 slots halls and 11 casinos and there are no restrictions on licence applications. Money laundering activity, operator criminal records or uncertain financial backgrounds have little bearing on the issue of gaming licences as there is no Romanian law to regulate such things.

Last year the government increased annual licensing fees to €40,000 for casinos with roulette tables and an additional €27,000 for card games and dice. The higher taxation in conjunction with less disposable income available to Romanian gamblers has led to many operators limiting the number of their venues. Rental increases have also affected casino profitability meaning there are now slot machines, some from the now defunct Russian casinos, lying idle in warehouses. The government may not limit gambling licences but the law of market forces is taking effect in Romania. (E-09.02.09)

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