Expanse Studios Targets Romanian iGaming Market with Strategic License Application
TL;DR
Expanse Studios gains competitive advantage by applying for Class 2 iGaming license in Romania, tapping into Europe's lucrative gaming market.
Expanse Studios strategically expands by obtaining a Romanian iGaming license to distribute gaming content in the regulated market.
Expanse Studios' move to secure a Romanian license enhances the gaming experience for players in the region, contributing to the growth of the industry.
The projected revenue growth in the Romanian online gambling sector presents a dynamic opportunity for Expanse Studios' expansion and innovation in the gaming market.
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Expanse Studios, a subsidiary of Golden Matrix Group Inc., has submitted an application for a Class 2 iGaming license with Romania's National Gambling Office (ONJN), signaling a strategic expansion into one of Europe's most promising online gambling markets.
The Romanian online gambling sector is experiencing remarkable growth, with market projections indicating revenue of $2.2 billion in 2025 and an expected increase to $2.56 billion by 2029. The casino games segment alone is anticipated to generate $1.39 billion this year, underscoring the market's substantial potential.
Damjan Stamenkovic, CEO of Expanse Studios, emphasized the significance of this licensing application, highlighting Romania's thriving iGaming ecosystem and robust regulatory environment as key factors in the company's expansion strategy.
This European initiative follows the company's successful momentum in the United States, where Expanse Studios has already integrated with multiple social casino and sweepstakes operators across more than 40 states. The dual-market approach positions the company as a versatile and globally recognized B2B content provider.
With a diverse portfolio of 55 proprietary games spanning slots, crash games, and table games, Expanse Studios is well-equipped to serve operators in both established and emerging regulated markets. The company's strategy of leveraging strategic partnerships and advanced gaming solutions continues to drive its international growth.
The license application represents a critical step in Expanse Studios' broader vision of delivering high-quality gaming content to new, regulated, and economically attractive markets, demonstrating the company's commitment to strategic global expansion.
Curated from Reportable
