The operator of the lottery in Romania has made the decision that now is the time to branch out into other areas of business. This week, the parent business of Loto Romania, CN Loteria Roman, made public its consideration of entering the realm of fixed-odds and online sports betting. CN Loteria Roman is a subsidiary of CN Loteria Roman.
In order to get ready, the corporation sent a notification to the World Lottery Association as well as to The European Lotteries. Members have been made aware that the company is looking for advice on how to structure the delivery of the new services so that it can be offered. The world of sports betting is a lucrative sector, and the addition of this component would unquestionably assist to increase the overall earnings of the national lottery.
In order for Loto Romania to get started in this new industry, they will require some direction. The operator is looking for strategic help in relation to the funds as well as investment in order to provide the framework for sports betting. Loteria Roman mentioned in the notice that it intends to consider proposals offered by interested parties to manage the online sportsbook and fixed odds betting of the company. Loteria Roman listed this intention.
According to the sources, the submissions have to be handed in by the 31st of January. In the proposals, interested parties are required to offer certain information in order to facilitate Loteria Roman's decision over who to collaborate with. In the proposal, client portfolios should be included, in addition to an explanation of the operational systems that will be employed, and a plan should be provided for how the partnership will interact with the lottery.
The Romanian government gave Loto Romania the green light to operate as the country's sole service provider after giving them permission to provide their products and services. The operator provides lottery gaming for both traditional drawings held at land-based locations and remote options.
In 2010, Romanian lawmakers made changes to the country's gambling regulations, making it possible for businesses to qualify for licenses to offer online gaming services within Romania. The national regulator, Oficiului Național pentru Jocuri de Noroc, is in charge of operations.
After the gambling laws were altered, the process of awarding licenses got underway, and as of right now, there have been thirty Class 1 online sportsbook and casino licenses handed out. In Romania, services can be obtained from a variety of providers, including Stanleybet RO, Superbet, and others, including both foreign and domestic operators.
It is not known whether or not Loteria Roman has the capability to provide a sportsbook service to its customers. It is possible given that the corporation is soliciting suggestions for how to initiate operations in the industry. If this is not the case, then an application for license would have to be submitted and received before any services could begin.
It will be interesting to see if the national lottery adds to its service options and who will be chosen to work with the provider to begin offering sports betting and fixed odds options in the country. If the national lottery does add to its service options, it will be interesting to see who is chosen to work with the provider.
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