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Changes are going to be made in the Bulgarian socially responsible gambling sector

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The recent development in the Gambling sector of Bulgaria lead us to contact, Marina Ivanova, the Head of PR in State Commission on Gambling in Bulgaria, to get the right explanation regarding any changes in the country’s legislation. Mrs. Marina explained that the changes are going to be made in the socially responsible gambling sector.

The Bulgarian Ministry of Finance is looking to make changes in the way the socially responsible gambling is governed.

In the Gambling Act are enshrined gambling operators to pay annual contributions for socially responsible behavior.

Their size depends on the type of gambling games they organize. Revenues from those annual installments go to the budget of the State Commission on Gambling and the collected funds are planned to be spent to finance approved projects of legal non-profit entity designated for the public benefit, for activities:

  1. Preventing young people from gambling;
  2. Prevention and treatment of problem gambling;
  3. Conducting socially responsible advertising and marketing.

It is expected that in May 2015 by the proposal of Minister of Health, Minister of Youth and Sports and the Minister of Finance, the Council of Ministers will adopt an ordinance to determine:

  1. The conditions and terms for the spending of the contributions for socially responsible behavior;
  2. Conditions and terms of recruitment, assessment and selection of proposals for activities: preventing young people from gambling; prevention and treatment of gambling addiction and conducting socially responsible advertising and marketing;
  3. The requirements for operations and accountability of individuals with projects approved for financing activities, mentioned in the previous point;
  4. The conditions and procedures for monitoring the implementation of projects financed by the funds, collected for socially responsible behavior.

This future regulation is consistent with the European legislation in the field of gambling. Conduct of responsible gambling is a major priority of the European Union (EU) and each Member State is encouraged to take national measures to socially responsible behavior of the gambling organizers and measures to protect young people from gambling as well as prevention and treatment of problem gambling.

More detailed and comprehensive information will be provided within a few months.

 

Bulgaria

Online gaming revenues surge in Bulgaria

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Online-gaming-revenues-Bulgaria Online gaming revenues surge in BulgariaReading Time: 1 minute

The Bulgarian Trade Association of Manufacturers and Operators in the Gaming Industry’s (BTAMOI) reports that the country’s online gaming revenues showed a growth in the last financial year. The industry paid €57 million in taxes to government, which corresponds to a 17 per cent rise year on year. BTAMOI said in a press release: “For the period 2017/2018 the gaming industry in Bulgaria has shown very good results at national level, based on the country’s upward economic performance.”

The online gambling segment in Bulgaria represents about 10 per cent of the country’s total gambling market. The segment posted a revenue of €89 million in the nine months to September 30, a spike of 30 per cent compared to the figure same time last year.

Source: Latest News on European Gaming Media Network

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Bulgaria

Bulgaria adds more websites to iGaming blacklist

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Bulgaria-iGaming-blacklist Bulgaria adds more websites to iGaming blacklistReading Time: 1 minute

The State Commission on Gambling (SCG) of Bulgaria has added four more websites to its blacklist of iGaming companies that are operating without a license.

The four websites added to the blacklist as per order no. 1913 of October 28 and no. 1991 of November 9 are nissicasino.com, 1xbet72.com, pokernox.com, 1xdcxc.host.

The SCG periodically updates the list of illegal gambling sites.

The State Commission on Gambling has been established for the purpose of inspecting the compliance with the law of the activity of the gambling games organisers, the producers of gabling game equipment, the distributors and service organisations for the maintenance and repair works of such equipment performed on the territory of Bulgaria.

Source: Latest News on European Gaming Media Network

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49 gamblers turn millionaires in 2017 in Bulgaria

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National Revenue Agency (NRA) of Bulgaria has reported that 49 gamblers in the country became millionaires in 2017 alone. The agency has also stated that the total winnings from gambling received Bulgarian gamblers in 2017 amounted to BGN 627 million.

The report also indicates that as many as 13,447 Bulgarian gamblers have won more than 5,000 BGN last year.

The biggest winning was 9,815,422 BGN, and the game is not specified. The second biggest winning amounted to BGN 7.9 million, the third place was 5.7 million BGN. The other TOP 10 winners of the ranking have won from 4 to 5 million levs, the NRA reports. A total of 49 Bulgarians have become millionaires due to gambling last year with their winnings over 1 mln BGN.

80 Bulgarians have won between BGN 500,000 and BGN 1 million. Most gamblers, 12,395 people were lucky to receive winnings between BGN 5,000 and BGN 100,000.

The NRA statistics is not segmented by type of gambling because such information was not collected. However, it is clear from the tax agency data that the biggest winning was paid by companies which are the lottery operators.

The National Lottery has paid more than 5,000 levs to 6,209 people, according to official data from the NRA. Eurobet has provided such prizes to 259 people, New Games reported about 672 winners.

Since the lottery operators are required by law to pay out at least 50 per cent of the value of the bets, it can be concluded that turnover of lotteries is about BGN 1 billion in Bulgaria.

 

Source: E-PLAY Online

Source: Latest News on European Gaming Media Network

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