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SIMION & BACIU was the Legal Partner of the 2023 ReUNION of the Gambling Professionals

December 2023

Why come to the Casino Inside Events on 7 December 2023? Here’s a question you know the answer to. Because it shows you care about the company you work for and the industry you work in. These are our industry’s traditional once-a-year events that have helped over the years to better connect business relationships within the market and better inform everyone involved in the industry of the legal framework within which they operate.”, was the boilerplate prepared by Casino Inside magazine to promote the 11th edition of its highly anticipated event dedicated to the gambling community.

SIMION & BACIU was the Legal Partner of the event that brought together stakeholders involved in the gambling industry, including online and land-based operators, affiliates, suppliers, and professional services firms and industry associations.

Managing Partners Cosmina Maria Simion and Ana-Maria Baciu took a prominent role in shaping and presenting one of the event’s most expected panels, focused on the legal framework governing the betting and gambling sector.

During this panel, Cosmina and Ana-Maria, the only Romanian professionals to be named Global Market Leaders in Gaming & Gambling Law by Chambers and Partners, proposed debate topics related to new legislative changes and their implications for the effective functioning of the gambling market. The discussion covered various aspects, including the new provisions of GEO 82/2023. The structured of the presentation addressed changes impacting both online and land-based operators, including:

  • Decreasing the size of billboards/advertising materials to 35 m2
  • Expressly regulating the prohibition to display the value of goods awarded through bonuses, promotions or jack-pots outside specialized locations
  • The possibility of setting up the guarantee fund by concluding a guarantee insurance policy issued by an insurance company established in a member state of the European Union, a state signatory to the Agreement on the European Economic Area or a state of the Swiss Confederation
  • The obligation to submit to the National Gambling Office (Romanian ONJN), within two working days, the requests for self-exclusion submitted by players in writing
  • As regards to the joint operation of games of chance, a requirement was introduced in the sense that all companies involved must be legally licensed gambling organizers or be under common control with the licensed and authorized company

Also, other amendments specifically impacting either the online or the land-based operators, as well as the services providers, were presented. A special section was dedicated to the guarantee to cover the risk of default and its increased levels.

The Legislative panel powered by SIMION & BACIU was also joined by Geanina Oprița, Senior Compliance Officer, Kaizen Gaming, who offered the in-house counsel perspective on the legal provisions that need to be rapidly and diligently implemented by gambling operators.

The lineup was complemented by Odeta Nestor, President of the Remote Gambling Organizers’ Association (Romanian AOJND) and Marius Pantea, lawyer, each providing expert insights on the topics.

The event’s structure included other panels dedicated to the adjacent topics including:

  • Protection of personal data and privacy in the current Romanian gambling legislation
  • Lobby and the gaming industry
  • European legislation and its jurisprudence in the Romanian gambling industry
  • Tax aspects

SIMION & BACIU has an award winning Gaming & Gambling Regulatory practice, honoured to be

  • the only Romanian law firm currently included in TIER 1 (the highest distinction) for TMT: Gambling Law by Legal 500
  • led by the first and the only Romanian lawyers recognized as Global Market Leaders in Gaming and Gambling Law by Chambers and Partners
  • winner of the Firm in Gambling Law award at the Romanian Legal Awards Gala 2022
  • shortlisted at the EGR B2B Awards Gala 2022 and 2023 for the Corporate services supplier category, as the only Romanian firm participating in this awards programme
  • shortlisted at the VIXIO Gambling Compliance Regulatory Awards 2023 for the Best Regulatory Firm of the Year, as the first Romanian firm to be considered for this much-coveted distinction and so much more…

For further details on our expertise and credentials, please visit the dedicated page HERE.

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