Connect with us
Prague Gaming & TECH Summit 2024

Bulgaria

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

Published

on

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.

 

With an experience of over 8 years in the online gambling industry, as an affiliate, later affiliate manager and consultant, I consider myself a veteran of the industry and can guarantee that you will be served with the most accurate information.

Bulgaria

Betway Bulgaria officially launches, offers live and bet-builder options

Published

on

 

Another company has officially launched its activities in the growing niche of online betting in Bulgaria. But here we are not just talking about another operator licensed by national institutions, but about a leading brand worldwide. Betway is one of the largest bookmakers in Europe and globally, and the fact that it already offers its services in Bulgaria speaks positively about the development of the gambling business in the country.

Indications of an increase in the size of the industry appeared last year, when several operators received a permit to operate under Bulgarian jurisdiction. It is unlikely that this process will end with the official launch of betway bulgaria, rather the brand entering the country can be perceived by international operators as a positive assessment of the market in Bulgaria. What can we find at Betway besides the obvious – increased competition and of course more choice for consumers?

What do we find in the sports section?

Sports betting – this is the leading sector of the company, which started operations in 2006. The brand is associated with a number of teams in Europe such as Tottenham, Atletico Madrid, Leicester, Alaves, Belenenses, Werder, etc. Of course, the top championships in Europe are present in the latest betting platform, but that’s not all. Betway offers the opportunity to make predictions at less popular UEFA championships. The fans of the Bulgarian championship have options too. All matches of the First League are present in the bookmaker’s menu, and are offered with dozens of choices for each of them.

Real-time bets and long-term combinations

Live bets are a big thrill for many players. This option is present at Betway, and this also applies to the mobile version, of course. It is not difficult to detect current events – they come first when loading the platform. And with them the bookmaker really comes up with interesting offers, some of which are rare on the Bulgarian market. The outcome of the bets become clear in literally seconds if the next goal market or one of the performance options is selected.

In addition, the company accepts predictions with a much longer horizon. It is now standard to bet on who will be the champion in England, Spain, Italy or Germany. However, there are also specific markets and selections for certain teams – will Barcelona take the trophy this season, will Liverpool reach the final in at least one of the tournaments in which it participates, etc. And if users don’t find what they’re looking for in these offers, they can always turn to the betting menu. The bet-builder is still limited to one match, from which we can choose two or more selections until the desired odds are formed. This is the most appropriate way to optimize the bet according to personal preferences and therefore it is increasingly preferred by the players.

Betway’s first steps on the Bulgarian market are impressive. And this is just the beginning, we can expect even more in the near future.

Continue Reading

Bulgaria

Online gaming revenues surge in Bulgaria

Published

on

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

Continue Reading

Bulgaria

Bulgaria adds more websites to iGaming blacklist

Published

on

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

Continue Reading

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.