Expanse Studios, a subsidiary of Golden Matrix Group Inc., has submitted an application for a Class 2 iGaming license in Romania, positioning itself to enter one of Europe's most promising online gambling markets. The license, if approved by Romania's National Gambling Office (ONJN), will enable the company to distribute its proprietary gaming content to licensed operators in the country.
The Romanian online gambling market presents a significant growth opportunity, with industry projections indicating revenues of $2.2 billion in 2025 and expected growth to $2.56 billion by 2029. The casino games segment alone is anticipated to generate $1.39 billion this year, highlighting the market's robust potential.
CEO Damjan Stamenkovic emphasized the strategic importance of this expansion, noting that Romania's thriving iGaming sector and strong regulatory environment make it an attractive market for the company's growth plans. This move follows Expanse Studios' successful expansion in the United States, where the company has integrated with social casino and sweepstakes operators across more than 40 states.
Expanse Studios brings a diverse portfolio of over 55 proprietary games, including slots, crash games, and table games, positioning the company to effectively serve operators in both established and emerging regulated markets. The license application represents a critical step in the company's broader strategy of international market penetration and diversification.
The Romanian market entry underscores Expanse Studios' commitment to strategic partnerships, advanced gaming solutions, and regulatory compliance. By leveraging its extensive game portfolio and experience in multiple jurisdictions, the company aims to establish a strong foothold in the European iGaming landscape.
