Romania’s National Gaming Office (ONJN) has invalidated the licence of Betting Frenzy, a Bucharest-based operator Betting Frenzy, following an investigation into its taxes.
The investigation found that the company had failed to both declare and pay its taxes, including its 1% contributions to the Romanian Olympic and Sports Committee and the 0.2% fee to the National Paralympic Committee.
This is part of Romanian legislation, passed in 2022, which requires operators to make these payments to the respective institutions, should they offer games of chance.
The ONJN found that Betting Frenzy had accumulated LEI 3.2m ($706,000) in specific gambling taxes.
Not only that, but during the investigation it was found by ONJN representative, Vochitoiu Mihaela, that Betting Frenzy could not prove that it had sent any relevant paperwork to the National Games Office.
The investigation found that the company had failed to both declare and pay its taxes, including its 1% contributions to the Romanian Olympic and Sports Committee and the 0.2% fee to the National Paralympic Committee.
This is part of Romanian legislation, passed in 2022, which requires operators to make these payments to the respective institutions, should they offer games of chance.
The ONJN found that Betting Frenzy had accumulated LEI 3.2m ($706,000) in specific gambling taxes.
Not only that, but during the investigation it was found by ONJN representative, Vochitoiu Mihaela, that Betting Frenzy could not prove that it had sent any relevant paperwork to the National Games Office.