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Bulgaria’s Gambling Advertising Bill awaits EC Green Light

George Miller

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Bulgaria's Gambling Advertising Bill awaits EC Green Light
Photo credits: mfa.bg
Reading Time: 2 minutes

Bulgaria’s gambling law amendments are waiting for the approval of the European Commission before they cam com into effect, announced the country’s Committee on Budget and Finance.

The Committee expressed their accord by saying that the gambling law was already once ratified by the European Commission, this meaning tha any future reforms and additions to its existing provisions will have to be given a formal consent by European commissioners. Bulgaria may face sanctions from the EU, if it fails to provide the newly introduced gambling-focused bill for an EC review.

The Bulgarian Ministry of Finance will now have to prepare the necessary documentation and notify the Commission about the proposed changes to its gambling law.

EU commissioners will then have three months to review the legislative piece to determine whether it is in line with European regulations. If the bill survives the three-month standstill period and gains enough traction in the nation’s legislature, there would be no more hurdles before its enactment.

The legislative piece, authored and sponsored by Deputy Prime Minister Valeri Simeonov and his party, the National Front for the Salvation of Bulgaria, was introduced this spring. The bill aims to curb the aggressive promotion of scratchcards and other lottery and gambling products and services and to limit significantly the number of facilities where scracthcards can be purchased from.

Bulgaria’s regulated gambling market was worth BGN3 billion (approximately $1.9 billion) last year and represented around 3% of the country’s GDP. The local gambling industry has been going from strength to strength over the past several years, with its rapid growth being driven mainly by the rising scratchcards sales.If approved in its current form, Minster Simenov’s bill would restrict the direct and indirect advertising of scratchcards and other lottery-style games across different media outlets. However, lottery and totalizator draws would still be broadcast on television and the names and of games would still be allowed to be mentioned across media.

Minister Simeonov has also clarified previously that while draws and the names of different lottery games would not be banned from television, winners in such games would no longer be shown under the new bill.

 

Source: CasinoNewsDaily

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Compliance Updates

UNL redesigns its website to comply with principles of the European Lotteries

Niji Ng

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UNL redesigns its website to comply with principles of the European Lotteries
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Ukrainian National Lottery (UNL) has redesigned its website in its bid to comply with the principles of The “European State Lotteries and Toto Association.” General Director of UNL Andrei Bochkovsky said that his organisation will comply with all the principles, as it received the membership certificate of the continental body in 2018.

For getting membership in the Association, the lottery operator must implement the Responsible Gaming program in its activities. The new site unl.ua is already up and running. The updated site received a modern design, and also improved functionality. Registered players will be reminded about unverified and unpaid tickets. The account balance has been increased. The improved features also include simplified registration system for new players, convenient mobile version, and extended selection of payment options.

The launch of the new website and implementation of other modern solutions reflects a general change in the work and policy of UNL. The lottery operator continues following European standards of business.

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The large B2B gambling industry conference in London is over, where to go next in S1

Zoltan Tundik

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Photo credits: European Gaming Media
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Year by year, the gambling industry is trying to reshape itself and explore new partnership opportunities and regional expansions to grow the B2C side.

Now, that the largest gambling industry conference has closed its doors, we would like to showcase some of the options you have for learning and networking in Europe that are going to take place in the first semester of 2019.

DACH, Central Europe and Eastern Europe

The third edition of Prague Gaming Summit, also known as #PragueGamingSummit3, will take place on the 12th of March at Vienna House Andel’s Prague and gathers will gather +150 delegates from all across Europe for a full day of learning and networking.

Here is a short list of the companies that you can meet in Prague: Multigate, iFortuna Slovakia, Odds1x2 Holding, TrafficLightMedia, Genesis Global, Tal Ron, Drihem & Co., PLANZER LAW, Zurich, Scout Gaming Group, Golden Race, All-in Translations, Hyperion Tech, PS Legal, Fortuna Group, Endorphina, Republis, Bird & Bird Poland, WH Partners, Playtech, Gabnys Law, OSM Solutions, ARQ Group Malta, Federbet AISBL, Mindway AI, Assissa, BETEGY, Austrian Association for Betting and Gambling, MME Legal, MELCHERS LAW, KPMG Malta, NSoft, ARENDTS ANWAELTE, Global Legal Group, Efbet, Greentube Internet Entertainment Solutions GmbH, NetEnt, Trustly, Boljoro and many more.

The conference will highlight compliance updates and expansion opportunities in the Czech Republic, Slovakia, Poland, Austria, Switzerland and Germany, while also focusing on trending industry topics topics such as the relationships between Regulators, Operators – Affiliates, MasterCard’s new requirements for Online Merchants (CFD, FX, Gaming, Crypto), understanding millennials (with emphasis on eSports, Daily Fantasy Sports, Online Slots Games and Virtual Sports), outsourcing for gaming companies, IT security, AML, KYC, CSR. +40 speakers are awaited to bring the latest in terms of content and business intelligence!

As the current status of some European jurisdictions dictates the rise of advertisement banning, we have invited the members of IMGL to hold an IMGL MasterClass that will focus on Advertisement banning trends in the European Union and the Balkans.

Do not miss this exciting opportunity to hear the latest information first hand at Prague Gaming Summit 3 and discuss collaboration possibilities with attending delegates!

You can Register here or View the Agenda

Full details about the event can be found on the official event website: www.praguegamingsummit.com


The Baltics and Nordics

In the second part of S1, we are inviting you to the second edition of the most important conference in the Baltic Sea region, the MARE BALTICUM Gaming Summit, also known as The Baltic and Scandinavian Gaming Summit and Awards.

The Summit will the place on the 9th of May at Radisson Blu Royal Astorija Hotel in Vilnius (Lithuania) and will bring together the most influential gambling companies from Lithuania, Latvia, Estonia, Denmark, and Sweden.

The event will also be the launching pad for the first edition of the Baltic and Scandinavian Gaming Awards which will celebrate the top 30 companies form the two regions during an awards ceremony. You can find more details about the awards here!

The compliance-related information will be presented by the 5 regulators which will be present at the event and the summit promises to gather +125 leading companies under one roof for a full day of networking and learning.

You can find more details about the Agenda here

Register here!

Browse the official event website here: www.marebalticumgaming.com

We hope to see you there and make sure to plan your autumn events calendar after checking out to opportunities we have at the fourth edition of CEEGC and CEEG Awards Budapest, and the leading conference in Europe that covers +20 jurisdiction updates, the European Gaming Congress, held in Milan, Italy.

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Compliance Updates

Ukrainian city mayor claims gambling ban in Ukraine failed

Niji Ng

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Ukrainian city mayor claims gambling ban in Ukraine failed
Image Source: diginomica.com
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In a surprising development, Boris Filatov, the mayor of Dnipro city, has claimed that the gambling ban in Ukraine has failed. He made this statement at a forum titled “From Kruty to Brussels. We are going our way” which was conducted in Kyiv.

The mayor supported legalising gambling industry in the country as well. He pointed out that the fight against the illegal slot machines and lotto halls is ineffective.

“The ban on gambling in Ukraine failed and turned into a corrupt feeder for law enforcement and members of the parliament. Dnipro and all the cities of Ukraine are filled with lotto and gambling halls,” the mayor said.

He urged the local authorities to regulate the gaming business. “It is necessary to give the local communities the opportunity to regulate gambling business. And only we, together with our fellow countrymen, will determine the balance,” he added.

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