Moldova’s Public Property Agency (APP) is no longer holding the monopoly over gambling after the country’s latest change of course regarding the provision of services of this nature,
The responsibilities for the provision of gambling services will now be split between that state-run entity and two foreign companies.
Novo Gaming M Technologies GmbH, a subsidiary of Austrian gambling giant Novomatic, has won the first of the two contracts.
Under the terms of the two contracts, the National Lottery of Moldova will receive a significant portion of the gambling revenues produced in the country. The two foreign companies are thus required to contribute 75% of their lottery revenues to the state-run entity. READ SO: SLOVENIA: IT IS TIME TO END WITH THE MONOPOLY GAME?
The National Lottery of Moldova will also receive 90% of the sports betting revenues generated from local betting customers, and 51% of slot machine revenues. The APP has previously said that the revenue portion the National Lottery of Moldova is set to receive is higher than in other European countries where a similar public-private partnership is in place, with neighboring Romania being among these.
