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Legislation

Romania to forbid gambling advertising

Wednesday 15 de February 2023 / 12:00

2 minutos de lectura

(Romania).- Stormy times are ahead for Romania’s gambling and betting industry if the newly initiated law is passed. The proposed article aims to ban ahy form of adversiting for casinos, gambling or betting.

Romania to forbid gambling advertising

According to its initiator, one Liberal senator, the law draft comes following the decision of the WHO – World Health Organization. The organization included gambling addiction among the most severe psychic disease. Also, the law’s initiators motivated the initiative by the numerous suicide cases following gambling loss.

Actually, the lawmakers want the current law to be modified by inserting one article stipulating that:

Any form of advertising for casinos, gambling or betting is prohibited.

Proposed article to regulate gambling advertising in Romania.

The Romanian gambling industry is going to take a severe hit

The Romanian gambling industry contributes to the state budget with more than EUR 600 million in yearly taxes and hires 45,000 workers.

According to the latest study on the industry, 15% of the Romanian population over 18 had gambled at least once in the last year. One Romanian man out of 4 had gambled at least once in the last year at the time of the study, while the percentage of women who ticked this activity was 7%. The profile of loyal customers, who play at least once a week, consists of men between 18 and 24, single and from the urban environment.

The level of education of gamblers is average, and probably, this is also the profile of those who react emotionally to online ads or TV commercials.

On the other hand, Romania is in the European average, 0.5 – 2% passionate gamblers from the total population over 18 years old, according to the most recent study by GfK Romania. This means that the gambling industry in Romania doesn’t create more addicts than in civilized countries, but playing responsibly should be more than a slogan.

Either way, if the new draft passes the Romanian MPs’ votes, more industries will be hit. The first one is the gambling industry, but there will be more, including the advertising industry, TV stations and online platforms. Lastly, the Romanian state would also be hit, as substantial funds would not get to the state budget.

A reply from the Romanian gambling industry is expected these days, but the law is in the Senate to be adopted urgently.

Categoría:Legislation

Tags: Sin tags

País: Romania

Región: EMEA

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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