Tain focusing on Eastern Europe expansion

Tain, the gaming services company, is targeting further growth in Eastern Europe after securing a licence to operate in Romania.

The company will now be able to supply its platform to all online gaming operators in the recently-regulated market after receiving a Class 2 licence from the Romanian National Gambling Office (ONJN).

The licence is the first Tain has acquired in Eastern Europe and comes as part of a wider strategy of targeting expansion in the region’s regulated markets, according to Mathias Larsson, chief executive of XIN Gaming, Tain's owner.

“We are delighted to take this first step into one of the regulated markets within the Eastern European region,” said Larsson. “We have customers that are already operational in Romania, and there are many others that have shown interest in working with us.

“As we are already integrated with all premium content providers that hold a licence in Romania, Tain is now the perfect choice for operators wanting to enter the market.

“Tain has a well-defined and ambitious strategy that has identified the potential of the Eastern European region, and we hope to announce soon the attainment of further licences. We expect Hungary to be the next market that we enter.”

The licence award comes less than a month after it was announced that Tain had been acquired by XIN Gaming, the Asia-facing games developer, in a €9.0 million ($10.0 million) deal.

Larsson said: “We have made a lot of progress in the short period of time since acquiring Tain.

“Tain has a long heritage, but we are on the verge of a dynamic and exciting new era for the company.”

Related article: XIN Gaming acquires Tain and Betting Promotion