Cash Gaming is headquartered in the municipality of Bistriÿa. Its slot machine licence was originally valid between 2021 and 2031.
The decision to revoke Cash Gaming’s licence was decided upon by the National Gambling Office Supervisory Committee.
The discrepancy came to light after Cash Gaming’s tax calculations for the first quarter of 2023 showed it had not paid its full authorisation fee or vice tax.
The fee for the quarter totalled RON1.6m, but Cash Gaming paid only RON371,039 of this. Similarly, tax for the period was calculated at RON179,325 but Cash Gaming paid RON40,330.
Decision to revoke
Cash Gaming did not pay its full authorisation fee or tax within 30 days. Because of this, the Committee concluded that it had violated article 17, paragraph 2a of Romania’s Government Emergency Ordinance (GEO).
This section of the GEO outlines that the Committee can revoke gambling licences if obligated payments are not paid in full within 30 days of their due date.
In its decision, the Committee reiterated that Cash Gaming is still obligated to pay the outstanding fees.
Earlier this month, ONJN revoked Betting Frenzy’s online gaming licence after it did not declare RON3.2m in gambling taxes.
Original article: https://igamingbusiness.com/legal-compliance/licensing/romanian-regulator-revokes-cash-gamings-slot-licence/
