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Industry
May 20, 2024
Bulgaria Bans Gambling Ads; Prohibits Casinos in Underpopulated Areas
After months of discussions, Bulgaria has finally implemented a ban on gambling ads. The measure was signed into law by president Rumen Radev, preventing gambling companies from freely marketing their products. Under the new ad regime, operators are unable to promote their products across all forms of media. The controversial ban still allows gambling companies […]
Casino
April 29, 2024
Bulgarian Media Companies Rally Against Proposed Gambling Advertising Ban
High-profile Bulgarian media companies have raised their voices in opposition to a proposed ban on gambling advertising, expressing concerns over its potential impact on media revenue streams and journalistic freedom. They criticized the government for lacking foresight, alleging that some parties would use the situation to influence the media space before the upcoming elections. The […]
Industry
April 24, 2024
Bulgaria Mulls over Gambling Ad Ban
Bulgarian MPs have proposed new changes to the country’s Gambling Act several weeks after shooting down a proposal that sought to reduce problem gambling via changes to the gambling advertising regulations. The latest proposal, sponsored by GERB-UDF and the Movement for Rights and Freedom (MRF/DPS), seeks to introduce a blanket ban on gambling ads. The […]
Industry
April 3, 2024
Bulgaria: Parliament Turns Down Gambling Ad Restrictions
A draft, proposing changes to the gambling regulations in Bulgaria was recently rejected by the country’s majority in Parliament. The draft called for changes to the Gambling Act in the country in an effort to reduce problem gambling and gambling harm. The rejected draft proposed the implementation of changes to the gambling advertising regulations in […]
Industry
January 22, 2024
Bulgaria Blocks 600 Unlicensed Gambling Websites
Bulgaria continues its intense crackdown on illegal gambling. According to its latest report, the National Revenue Agency (NRA), the body responsible for regulating gambling in the country, has identified and blocked over 600 unlicensed gambling websites in the last three months of 2023 alone. The latest ban wave saw the NRA take action against sites […]
Sports
January 2, 2024
Altenar Expands Bulgarian Foothold with Magic Bet Agreement
Last June, the leading provider of turnkey solutions, Altenar, announced it would strengthen its foothold in Europe by penetrating the Bulgarian market with the help of a partnership inked with Palms Bet. Now, the supplier of iGaming and sportsbook software has announced it would further increase its presence in the Balkans by securing a fresh […]
Legal
December 22, 2023
Bulgaria Introduces Drastic Fee Hikes for Gambling Operators
Bulgaria has finalized an overhaul of fees for gambling operators, increasing costs between two and four times. These measures should bring in roughly BGN 200 million ($112.62 million) in additional revenue for the government. This amendment, integrated into the final provisions of the 2024 State Budget Law, garnered support after significant deliberations involving the country’s […]
Industry
December 21, 2023
Bulgaria’s AGIB Opposes the New Gambling Tax and Deadline
Bulgaria’s new gambling taxes do not sit well with the gambling industry. This follows the National Assembly Committee on Budget and Finance’s passing of a measure that would raise the gambling license fees by a staggering 300% and the alternative gambling tax by 60%. The Association of the Gaming Industry in Bulgaria (AGIB) expressed its […]
Sports
November 24, 2023
Bulgarian Prosecution Launches Investigation into BFU President Borislav Mihaylov
Borislav Mihaylov, the controversial president of the Bulgarian Football Union (BFU) is being investigated for participation in match-fixing and ties to illegal lottery operators. This is not the first time Mihaylov has been accused of similar dealings. The investigation comes soon after a mass protest in Sofia, Bulgaria’s capital and will see the Prosecutor’s […]
Business
October 25, 2023
7777 gaming Inks Deal with Magicbet ahead of SiGMA Malta Participation
Fast-growing gambling content provider 7777 gaming has announced a partnership with another big Bulgarian gambling operator. As revealed, the supplier will inject content into Magicbet, a famous land-based operator that recently forayed into the online gaming space. As a visionary in gaming, Magicbet recognized the importance of tapping into the potential of iGaming. In order […]
