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Bulgarian Legislature Approves the Bill to Abolish Gambling Commission

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Bulgarian Legislature Approves the Bill to Abolish Gambling Commission
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The Bulgarian legislature has approved the second reading of a bill that aims to abolish Bulgaria’s existing gambling regulator and hand its duties to the National Revenue Agency, as well as to introduce new capital requirements for licensees.

Bill 054-01-51 to Amend and Supplement the Gambling Act was introduced in June and approved by the Committee on Budgets and Finance, the Committee on Culture and the Media, the Committee on Children, Youth and Sport and the Committee on Budgets and Finance before being adopted on its first reading on 17 June.

Initially, the bill planned on creating a new regulator, the State Gambling Agency, which would be a new specialised body within the country’s Council of Ministers. However, it was amended by various members of the party GERB to instead allow the National Revenue Agency to take over this role.

It was then approved at its second reading on July 23, sending it to President Rumen Radev.

“The changes are aimed at clarifying the status of the gambling regulator and ensuring transparency in its work, which, in turn, will lead to optimisation and increase the quality of its activities,” one of the bill’s sponsors, Alexander Ivanov, said in a committee hearing.

The bill also sets out new capital requirements for licensees after an amendment put forward by Valeri Simeonov. This includes a BGN1m capital requirement for slot licensees, a BGN1.5m requirement for casino licensees and a BGN3m requirement for those offering online gambling.

Balkans

Inbet Chooses EGT Digital’s X-Nave iGaming Platform and Jackpot Products

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EGT Digital has entered into an agreement with Inbet that will see the Bulgarian bookmaker integrate its X-Nave iGaming platform and jackpot products.

The all-in-one solution provides a highly customisable back-office portal, providing a real-time data, reporting module and player account management system.

Players will have access to betting services across 70 different sports, including eSports and virtuals in more than 1000 betting markets covering 70,000 events per month.

“We are proud to bring our complete iGaming solution and next-generation casino content to a wide customer base such as the one that Inbet has. Through this partnership, together with Inbet we will enhance the gaming experience of the players and deliver a new level of entertainment,” Tsvetomira Drumeva, Head of Sales at EGT Digital, said.

The partnership will see EGT Digital’s casino library go live on Inbet.com, featuring the Bell Link multi-denomination jackpot with four levels and a collection of single-game progressive jackpots.

Inbet will offer a selection of game titles to its online players, including Rise of Ra, Vampire’s Night, Shining Crown, Versailles Gold and Burning Hot.

“We are excited to partner with EGT Digital, which we see as another great goal achieved by our company. Their portfolio of slot games has proven a wide popularity in the industry, and we are sure that our players will enjoy this content on offer, as we are starting with some new attractive tournaments. At Inbet, we are constantly on the lookout for new ways to provide a high-class experience to our players, and this is exactly what we expect from EGT Digital’s X-Nave iGaming platform,” Tatyana Zhelyazkova, Head of Marketing at Inbet, said.

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Balkans

Endorphina just entered the Bulgarian market!

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Endorphina just entered the Bulgarian market!
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We’re thrilled that our games will be able to entertain players in this region. Some of our available games will be Water Tiger, Hell Hot 40, Asgardians, Solar Eclipse, 2021 Hit Slot, and much much more!

Valeriya Nasypova, Sales Executive at Endorphina shares:
“This year is special for Endorphina, as we’re expanding into one market after another. This time, we’ve continued our expansion into the Balkans with a Bulgarian certificate. I honestly believe that our games will perfectly meet players’ preferences all around the world.”

Dzangar Jesenov, Compliance Manager at Endorphina also comments:
“Bulgaria is one of the highly regulated markets, which among other things contains EU legal requirements. Entering the Bulgarian online market is a significant milestone for the whole Endorphina team. In practice, it means that we have once again passed the demanding certification process for our online games, while proving a high level of information security required to enter this market.”

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Balkans

Endorphina partners up with BetOxygen in the Balkans!

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Endorphina partners up with BetOxygen in the Balkans!
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Earlier this year, Endorphina has successfully entered the Balkan market. With this, they’ve already struck a new partnership in this region with BetOxygen, a robust betting and online casino platform covering a range of gambling services. We can expect that this collaboration will be mutually beneficial to both parties involved as Endorphina can continue to expand within the region and BetOxygen can offer more interesting games to its player base.

Rashad Karimov, Sales Manager at Endorphina, shares a few words on the new partnership: “We are delighted to announce our new partnership with BetO2. We are looking forward to strengthen our position in the Balkan region even more through combining our top-notch slot games with such a professional distribution team.”

Aleksandar Dodevski, CEO of BetOxygen, also comments on the new partnership: “We are happy to enter a long term cooperation with Endorphina. As an iGaming solution company, the quality of the product we offer is essential for us and we do strongly believe that Endorphina’s slot games will match this quality and the taste of the Balkan players.”

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