The gambling industry in Bulgaria continues to grow, at least judging by the amount of taxes and fees paid. For the first nine months of 2018, 174.4 million BGN of tax on gambling activities have been added to the budget, and it is expected the revenues will be between BGN 220 and 230 million by […]
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Bulgaria’s State Commission on Gambling (SCG) has banned access to four websites operating without a license. The relevant decisions of the commission was published on the official website of the state regulator. According to decisions # 1913 of October 28 and No. 1991 of November 9, the members of the SCG Commission blacklisted four new […]
The Financial Supervisory Commission of Bulgaria (FSC) plans to start monitoring and analyzing crypto currencies and ICO launched in the country to combat money laundering and crypto currency fraud. This is reported by local mass media.
Advertising of gambling will be limited and broadcasted only after 22:00. This was proposed by Bulgarian Counsil for Electronic Media (CEM). The Proposal of the media regulator is expected to be formally drafted and submitted to the Partialment.
The Bulgarian Socialist Party is the second major party that supports the gambling bill. Deputy Prime Minister Valeri Simeonov revealed this week that the Bulgarian Socialist Party is the second big party in the country to support a gambling bill.
State gambling monopoly was introduces in Moldova over a year ago. Now, authorities have chosen private partners for gambling business operations, Austrian company Novomatic AG will be a partner in the field of slot machines, and the Bulgarian National Lottery AD will be the partner of the state in the bookmaking and lotteries.
Analysis of the Center for the Study of Democracy of Bulgaria showed that gambling in the European country has increased in the last 10 years, with revenues rising significantly. In 2017 alone, the gambling industry reached US$1.8 billion.
Tom Light, Senior Vice-President of Business Development at SBTech, is to leave the group to establish a new business venture that will unite blockchain and gambling and leverage the power of the crypto-currency in a gaming and betting environment.
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