Today, July 5th, the fast-growing, innovative gaming studio ELA Games has secured a Romanian Class 2 license from the National Gambling Office (ONJN), leading the studio to expand its presence in the iGaming industry. However, that’s not all; because yesterday, July 4th, Soft2Bet, the leading global iGaming operator based in Malta, also secured the famous Romanian license.
A very important step for ELA Games:
Obtaining this license is a big step towards success, as it gives the company the opportunity to make significant progress to continue its expansion through its ever-expanding and unique portfolio. In addition, it also allows the company to achieve its goal of expanding into regulated markets across the globe. Furthermore, it will significantly facilitate the availability of its games to Romanian players.
Furthermore, the new license has arrived at the right time, as ELA Games recently released its two new smashing hits titled “Bandidos Cash” and “Detective Fortune.” However, this is only the first step for the company, as it is still looking to extend into additional regulated markets.
Commenting on the new license, Daniel Mitton, the Director of Gaming and Business Development, excitedly said: “Obtaining the Romanian Class 2 licence is a remarkable achievement for ELA Games. It’s a testament to our team’s hard work, dedication, and the unique gaming experience we bring to the table. Even more importantly, this licence opens the door to new partnerships and possibilities in the thriving Romanian market. We’re thrilled to bring our high-quality games to more operators, reaching more players and showcasing what ELA Games is all about – delivering safe, fun, and engaging gaming experiences.”
Soft2Bet to establish its presence in one of the fastest-growing markets within the EU:
As for Soft2Bet, it has secured a first-class license from ONJN to manage and organize games of chance in Romania, involving casino and sportsbook offerings. Therefore, this license will help the operator to solidly establish itself in Romania, one of the fastest-growing markets in the EU. However, by constantly expanding its innovative service portfolio, Soft2Bet aims to attract even more customers, and the Romanian market, which is known for its comprehensive regulations, transparent operating environment and its exceptional growth over the last few years, will enable Soft2Bet to provide modern and safe experiences to Romanian consumers.
This license also underlines Soft2Bet’s ambition to continue expanding into global markets. Additionally, it comes on the heels of Soft2Bet’s latest regulatory extension, the acquisition of a Greek operating license and a Swedish B2B licenses.
Commenting on the newest license, Soft2Bet’s General Counsel, David Yatom, said: “We consider the Romanian market as one of the pivotal markets for establishing our foothold in Eastern Europe. Acquiring a local Romanian operating license marks an important step in our strategic expansion, building upon Soft2Bet’s success in other European markets. Stay tuned for more exciting developments in the near future.”
The legal status of online casinos in India is complex and varies by state. While there is no federal law that explicitly addresses online gambling, the legality depends on state regulations and the type of gambling involved.
Key Points:
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No National Law: India does not have a specific national law regulating online casinos. However, the Public Gambling Act of 1867 prohibits operating physical casinos and gambling houses, but it doesn't cover online platforms, leaving a legal grey area for online gambling.
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State-Specific Laws: Some Indian states, like Goa, Sikkim, and Daman, have legalized land-based casinos, and others, such as Sikkim, have also licensed online gambling. Many states have banned gambling altogether, including online gambling.
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Online Sports Betting: Betting on sports, particularly cricket, is very popular in India. However, it's only explicitly legal in some states like Sikkim and Nagaland, which have laws permitting online gaming and betting.
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Legal Gray Area: Many international online casinos accept Indian players and operate legally under licenses from offshore jurisdictions (like Curacao or the UK Gambling Commission). As long as players are gambling on licensed platforms, the risk is minimal, but local authorities may still choose to regulate or restrict online gambling.
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Cryptocurrency: Some Indian players prefer using cryptocurrencies (like Bitcoin) for online gambling, as it provides a layer of anonymity and security.
While online casinos aren't explicitly legal across all of India, many international casinos accept Indian players, and online gambling continues to grow in popularity. Players should ensure they use licensed platforms and understand local laws before engaging in online gaming.
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