Expanse Studios, a subsidiary of Golden Matrix Group Inc., has secured a significant Class 2 B2B gaming license from Romania's National Gambling Office (ONJN), opening the doors to one of Europe's most rapidly expanding regulated markets. This new license, granted under Decision No. 273, will allow the company to distribute its suite of proprietary gaming software to licensed operators within Romania, providing access to an industry that reached approximately €600 million in gross gaming revenue in 2024.
A Strategic Move into Romania’s Growing iGaming Market
Romania has become a key player in Eastern Europe's iGaming scene, attracting both operators and players with its robust regulatory framework and dynamic market growth. The country, home to a population of around 19 million people, has seen internet penetration rise to 88%, creating a fertile environment for online gaming. In 2023, Romania’s iGaming sector posted a turnover exceeding €2 billion, marking a 15% year-over-year increase.
The Class 2 license is a critical asset for Expanse Studios, enabling the company to expand its footprint without the need to establish a local entity or incur Romanian corporate taxes. This move will allow Expanse to distribute its games—ranging from slot titles to crash games—directly to Romanian operators. Mobile gaming, in particular, has proven to be a dominant force in Romania, with player engagement continuing to grow.
Damjan Stamenkovic, CEO of Expanse Studios, commented on the milestone, saying, “Securing ONJN approval validates our technical capabilities and regulatory compliance standards in one of Europe’s most demanding jurisdictions. Romania offers substantial distribution opportunities through licensed operators serving a tech-savvy player base with strong engagement metrics. This license strengthens our European B2B footprint and demonstrates our ability to meet the compliance requirements of mature regulated markets.”
Enhancing Expanse Studios’ European Expansion
The approval from ONJN further supports Expanse Studios’ European expansion strategy. The company’s growing portfolio of 56 proprietary titles, including popular games like Super Heli, Titan Roulette, and Wild Icy Fruits, positions it to capitalize on Romania’s established preference for mobile gaming and slot content. Moreover, the Romanian market is well-known for its strong payment infrastructure, which aligns seamlessly with Expanse Studios’ distribution model.
This new license complements Expanse Studios’ ongoing efforts to expand its B2B distribution infrastructure across Europe, Latin America, and North America. With over 1,300 casino brands already relying on its content, the company continues to strengthen its presence in markets with clear licensing frameworks and sustainable growth potential.
Golden Matrix Group, the parent company of Expanse Studios, sees this license as part of its broader strategy to expand its operations in regulated markets. This move further solidifies Expanse’s position as a trusted content provider for licensed platforms across multiple jurisdictions.
Source:
Expanse Studios Secures Romanian Class 2 B2B Gaming License, globenewswire.com, December 1, 2025.
