23.2 C
Bucharest
August 6, 2021
ECONOMY FINANCE&BANKING

National Gambling Office to coordinate National Lottery Company

The Government has established, through an emergency ordinance adopted yesterday, a series of measures that will allow for a better management of the gambling domain and a falling in line with EU recommendations and international practices applicable to the gambling market. The ordinance offers to the National Gambling Office the prerogative of managing the state monopoly in the gambling domain.
Through the measures included in this legislative act, the National Gambling Office will become an authority with a high degree of regulatory independence and the sole coordinator of gambling in Romania, something that will allow the national legislation to fall in line with European recommendations, legislation and practices in this domain.
The ordinance gives the National Gambling Office the prerogative of managing the state monopoly in the gambling domain. In this sense, the Office will take over the coordination of the National Lottery Company, which will create the premises of an improvement of its operations, taking into account the Office’s experience in what concerns the specificity and development dynamic of this market segment.
The transfer of the Romanian Lottery Company from the coordination of the Finance Ministry to that of the National Gambling Office will create a single specialized structure that would unitarily and competitively manage the state monopoly in the traditional and online gambling domain. Over a transitional period of four years at most, starting from the moment the legislative act comes into force, the National Gambling Office, the special authority in the gambling domain, will have the possibility of managing the exclusivity of the gambling games licensed to the Romanian Lottery Company.

Related posts

OTP Bank granted Rara Invest one of the largest financing through the SME Invest program, amounting to 8.9 million lei

NINE O'CLOCK

Law of strategic investment targets stimulation of Transport, Energy and Defence big projects, says PM Grindeanu

Nine O' Clock

Over 4 ml euro assigned for combat of poverty and social exclusion in cities

Nine O' Clock