Romanian lottery seeks industry guidance on possible expansion into sports betting

Romanian lottery seeks industry guidance on possible expansion into sports betting

Article brief provided by SBC News
  • Ted Menmuir, SBC News
January 24, 2022 11:14 PM
  • Ted Menmuir, SBC News

CN Loteria Românã, the operating company of Loto Romania (Loto.Ro) is reviewing whether to expand the product portfolio of the national lottery to include a fixed-odds and online sportsbook offering.

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The operator has issued notice to The European Lotteries (EL) and World Lottery Association (WLA), informing members that it requires guidance on developing an ‘organised framework to cater for an organic consumer demand in sports betting.’

Of significance, Loteria Românã underlined that it would require strategic guidance on the funds and investment needed to operate an effective sportsbook framework.

The notice disclosed that Loteria Românã will review proposals by ‘interested parties’ to operate its fixed odds betting and online sportsbook. The submission closing date is 31 January.