Expanse Studios, a rising B2B iGaming content provider and subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has achieved a significant regulatory milestone by securing a Class 2 license from Romania’s National Gambling Office (ONJN).
This authorization permits the company to distribute its specialized gaming software within one of Europe’s fastest-growing regulated markets.
The license, issued under Decision No. 273, allows Expanse Studios to supply its extensive portfolio of proprietary slot games, crash games, and casino content directly to licensed Romanian operators. This strategic entry taps into a market that generated approximately €600 million in gross gaming revenue in 2024 and boasts an impressive channelization rate of over 90%.
Romania is increasingly viewed as a key jurisdiction in Eastern Europe, with internet penetration reaching 88% across its population of 19 million. The market is highly competitive, hosting over 50 licensed operators and showing robust growth, with total industry turnover exceeding €2 billion in 2023—a 15% increase year-over-year.
The Class 2 B2B license is particularly advantageous as it allows Expanse Studios to distribute content without the need to establish a local Romanian entity or pay corporate taxes in the country. This facilitates rapid deployment into a market where mobile gaming is dominant and player engagement is high.
Obtaining ONJN approval is a rigorous process under Government Emergency Ordinance 77/2009. The framework prioritizes technical compliance, player protection, and operational transparency. Successfully meeting these standards validates Expanse Studios’ technical capabilities and aligns with its operations across more than 1,300 casino brands globally.
Damjan Stamenkovic, CEO of Expanse Studios, described the license as a validation of their compliance standards in a demanding jurisdiction. He noted that Romania offers substantial distribution opportunities through operators serving a tech-savvy player base.
This approval in Romania complements Expanse Studios’ recent expansion efforts across Europe, Latin America, and North America. With a library of 56 proprietary titles, including hits like Super Heli and Titan Roulette, the company continues to scale its high-margin B2B operations in regulated markets worldwide.
