Romanian lawmakers are considering a legislative proposal that would restrict individuals from spending more than 10% of their previous month’s income on gambling activities. This measure, if implemented, would apply across both land-based and online gambling, covering casinos, slot machines, and sports betting. The proposed law shifts responsibility tobanks and financial institutions, requiring them to enforce the spending cap. Institutions that fail to comply could face financial penalties of up to 1% of their annual turnover. Gambling operators would also be held accountable, with fines ranging between RON 200,000 and 500,000 ($43,000–$108,000). Repeat offenses would lead to the revocation of their gambling licenses, effectively barring them from operating in the country. Government Enforcement and Real-Time Monitoring The National Agency for Fiscal Administration (ANAF) is set to play a key role in overseeing compliance. The agency will develop a centralized platform that allows gambling operators in Romania to verify a player’s available balance before authorizing transactions. All operators must report real-time… Read More
Category: News
Source: Casino News Daily
