3 Oaks Gaming Expands into Romanian Market, Establishing a Key Hub for Southeast Europe

5 months ago 0 314

In a strategic move, 3 Oaks Gaming has announced its expansion into the Romanian market, positioning Romania as a pivotal hub for the company’s operations in Southeast Europe. This expansion is part of a broader investment initiative across Europe, where the company already has established offices in the Isle of Man, Malta, and Bratislava.

Strategic Focus on Romania

The new Romanian operations will concentrate on game distribution and will utilize local talent to enhance the company’s offerings. The primary goals include capturing a 5% market share within the first year and increasing to 10% in the foreseeable future. Achieving sustainable profitability within two years is a key objective, supported by continued investment in local talent and advanced technology.

Sebastian Damian, Managing Director of 3 Oaks Gaming, highlighted Romania’s unique advantages: “Romania offers a unique blend of advantages that make it an attractive investment destination. The country has a highly skilled workforce, particularly in technology and engineering, which is essential for our game development operations.”

Damian further elaborated: “Additionally, Romania’s regulatory environment is favourable and well-structured for iGaming activities, providing a stable foundation for our business. Compared to other countries in the region, Romania’s combination of competitive costs, talent availability, and growing digital infrastructure positions it as a key market for our expansion strategy.”

Regulatory Milestones and Strategic Partnerships

In April 2024, 3 Oaks Gaming received a Class 2 Romania licence from the National Gaming Office (ONJN), enabling it to offer its games to licensed operators in Romania. This certification is a critical step in the company’s European expansion, following other key certifications in Portugal and the UK. Additionally, 3 Oaks Gaming has established partnerships with operators such as Alphawin in Bulgaria and NetBet in Mexico and Italy.

Further extending its global footprint, in May 2024, 3 Oaks Gaming entered the South African market through a partnership with Supabets. This collaboration allows players on the Supabets platform access to a diverse portfolio of 3 Oaks Gaming’s offerings, including popular titles like ‘Sun of Egypt 3’ and ‘Green Chili.’

Leadership and Experience

Leading 3 Oaks Gaming’s global operations from Bucharest is Sebastian Damian, who brings over twelve years of experience in the gaming industry. His leadership is expected to drive the company’s growth and solidify its presence in the new market.

Licensing and Regulatory Compliance

3 Oaks Gaming is committed to maintaining high standards of regulatory compliance. The company is licensed and regulated by the Gambling Supervision Commission in the Isle of Man, the Gambling Commission in the UK, and the ONJN in Romania. Plans are also in place to acquire additional licenses in Malta and Greece. The company holds certifications in several other countries, including Bulgaria, Colombia, and Italy.

Future Prospects and Market Impact

The expansion into Romania marks a significant milestone for 3 Oaks Gaming as it aims to establish a stronghold in Southeast Europe. By leveraging Romania’s skilled workforce, favourable regulatory environment, and competitive cost structure, the company is well-positioned to achieve its ambitious market share and profitability goals.

Conclusion: The Romanian Market

With a strategic focus on local talent and advanced technology, 3 Oaks Gaming is set to make a substantial impact in the Romanian market. The company’s robust licensing and regulatory compliance framework, combined with its innovative game offerings, will ensure a successful and sustainable expansion.

FAQs About the 3 Oaks Gaming Expands into the Romanian Market

1. What is the latest announcement from 3 Oaks Gaming?

3 Oaks Gaming has announced its expansion into the Romanian market, establishing Romania as a strategic hub for Southeast Europe.

2. Why has 3 Oaks Gaming chosen Romania for expansion?

Romania offers a unique blend of advantages, including a highly skilled workforce, particularly in technology and engineering, a favorable regulatory environment for iGaming activities, competitive costs, talent availability, and a growing digital infrastructure.

3. What are the goals of 3 Oaks Gaming’s Romanian operations?

The primary goals include capturing a 5% market share within the first year, growing to 10% in the foreseeable future, and achieving sustainable profitability within two years.

4. Who is leading 3 Oaks Gaming’s operations in Romania?

Sebastian Damian, the Managing Director of 3 Oaks Gaming, is leading the global operations from Bucharest. He has over twelve years of experience in the gaming industry.

5. What recent regulatory milestone has 3 Oaks Gaming achieved in Romania?

In April 2024, 3 Oaks Gaming received a Class 2 Romania licence from the National Gaming Office (ONJN), allowing it to offer its games to licensed operators in Romania.

6. What are some key partnerships and certifications held by 3 Oaks Gaming?

3 Oaks Gaming has certifications in Portugal and the UK and has partnerships with operators like Alphawin in Bulgaria and NetBet in Mexico and Italy. In May 2024, it also entered the South African market through a partnership with Supabets.

7. What games will 3 Oaks Gaming offer in the Romanian market?

The company will offer a diverse portfolio of games, including popular titles such as ‘Sun of Egypt 3’ and ‘Green Chili.’

8. What is the significance of the Romanian market for 3 Oaks Gaming?

Romania’s combination of competitive costs, skilled workforce, and favorable regulatory environment makes it a key market for 3 Oaks Gaming’s expansion strategy in Southeast Europe.

9. What are the regulatory bodies that license and regulate 3 Oaks Gaming?

3 Oaks Gaming is licensed and regulated by the Gambling Supervision Commission in the Isle of Man, the Gambling Commission in the UK, and the ONJN in Romania. The company plans to acquire additional licenses in Malta and Greece.

10. How does 3 Oaks Gaming plan to ensure sustainable profitability in Romania?

By leveraging local talent, investing in advanced technology, and maintaining high standards of regulatory compliance, 3 Oaks Gaming aims to achieve sustainable profitability within two years.