Balkans

How the Bulgarian market is prospering

Published

1 month ago

March 15, 2024

Reading Time: 2 minutes

Bulgaria is proving to be one of the hottest markets worldwide for suppliers to move into. With a predicted growth pattern increasing on an exponential scale, we spoke with Altenar’s Senior Account Manager, Manos Mytilinaios, about how the region is proving to be an attractive proposition and what players are looking for.

The Bulgarian market is one of the most exciting worldwide. Dozens of providers have flocked to the Balkans region in the past 12 months, attracted by smoother regulatory processes. Bulgaria in particular promises an accessible and clear regulatory framework imposed by the State Commission on Gambling (SCG), along with a fair tax regime and growing market potential. While recent changes have been announced, notably increases to licence fees and tax requirements, Bulgaria remains an appealing market for operators.

Altenar is building an ever-increasing client base within Bulgaria, with many partnerships strengthening our reputation in the region. We have been live in Bulgaria for nine years now, consistently developing the quality of our products and ensuring we remain an attractive prospect for operators.

Within the Bulgarian market, we provide a fully managed sportsbook solution covering both software and services, to deliver a high-calibre sports betting experience. This goes hand-in-hand with 24/7 risk management, trading and business support services and a dedicated account manager.

Overall, the region itself has seen consistent growth in recent years, and this trend is expected to continue over the course of the next 12 months and beyond. The country is expected to be a true trendsetter for the Balkans up until 2028, based on key growth metrics such as overall turnover and GGR. The market is expanding exponentially, and there is no doubt that plenty more in the region, such as Romania, will look to replicate that success.

Projections of market value are north of €850m by 2026 and it is reasonable to conclude that the key to this success has been the extensive trust in the market between bettors and sportsbooks.

Assuming that Bulgaria’s neighbours can replicate the brand value, it is undoubtedly a territory to keep a close eye on and I don’t expect the predictions to show any signs of a decrease in the months ahead. From a sports betting perspective, more and more industry leaders are continuing to immerse themselves within the environment, with major investment in place to ensure that Bulgaria can secure a leading position alongside some of Europe’s biggest markets in the next few years.

As it stands, the region’s economic power is just beginning to grow. Given time, the increases in this area will see Bulgaria become a major hub for sportsbooks and iGaming, as players enter an environment that can now be regarded as one of the world’s most exciting.

To ensure that Altenar’s product stands out, we need to constantly monitor our offering and what players are enjoying. Sports such as e-football, tennis and table tennis are rapidly becoming more and more popular in the region within live betting, where interaction is fast for the users. The user base in Bulgaria is experienced and we offer diverse features such early payout, 0% margin/enhanced odds and bore draw. Research remains vital to ensure we remain a market leader, innovating our full end-to-end solution, establishing new partnerships and meeting the needs of current operators and clients.

The potential in Bulgaria has no ceiling – and we are looking forward to being part of that journey.

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Balkans

Expanse Studios Launches in Bulgaria with Inbet

Published

1 day ago

April 26, 2024

Alan Campbell

Reading Time: < 1 minute

Expanse Studios, a leader in online gaming innovation, has secured a Bulgarian iGaming license and is now live on Inbet’s website. This expansion brings Expanse Studios’ popular game offerings including turn-based strategies gamified for iGaming, classic slots, traditional card games and the highly-acclaimed ones like Titan Roulette, Clown Fever Deluxe, Wild Icy Fruits, White Wild Whale and Joker Poker to Bulgarian players.

Diverse Gaming Portfolio Now Available to Bulgarian Players

With the Bulgarian market entry, Expanse Studios introduces a versatile gaming experience to Inbet’s platform. The offerings include a dynamic range of games tailored to diverse player preferences:

Turn-based strategy games: Leveraging gamification, these games transform traditional strategy gameplay into engaging iGaming experiences, suitable for both novice and experienced players.
Classic slots: Players will enjoy a variety of themed slots that combine traditional gameplay with modern graphics and sound.
Traditional card games: A selection of popular card games offer something for every card game enthusiast.
Titan Roulette: This standout feature, known for its immersive experience and innovative design, continues to be a favorite among roulette players.

Commitment to Quality and Compliance

Expanse Studios not only cultivates a diverse gaming library but also adheres to stringent regulatory standards to ensure a secure and fair gaming environment. The acquisition of the Bulgarian iGaming license is a testament to Expanse Studios’ commitment to compliance and excellence in the gaming industry.

The partnership between Expanse Studios and Inbet marks a significant milestone in Expanse Studios’ expansion efforts. By combining Expanse Studios’ innovative gaming solutions with Inbet’s established market presence, both entities are set to offer a superior gaming experience to players in Bulgaria and potentially beyond. As Expanse Studios continues to develop and release new games monthly, Bulgarian players can look forward to a continually evolving and enriching gaming landscape.

Balkans

Wazdan marks Croatian market entry with PSK partnership

Published

3 days ago

April 24, 2024

George Miller

Wazdan marks Croatian market entry with PSK partnership

Reading Time: 2 minutes

Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, has entered the Croatian market after signing with PSK, a leading operator in the country.

The provider is taking some of its most acclaimed slots live with the operator, including player-favourites such as 9 Coins™ 1000 Edition, Hot Slot™: Magic Bombs, Burning Stars 3™, which will become available to Croatian players for the very first time.

A prominent operator in the country since 1998, PSK is part of the internationally-known Fortuna Entertainment Group. With over 900 employees and a constantly growing player base, the brand is set to enrich its content offering with Wazdan’s titles.

Croatia marks the newest market entry for Wazdan, which further boosts its impressive European performance as a result of this deal. More partnerships in the country are expected to be announced in due course.

Radka Bacheva, Sales and Business Development at Wazdan: “Croatia is a country that boasts a fantastic amount of potential, so we’re delighted to be entering the market for the very first time with PSK, a top-tier operator.

“We’re bringing a range of our top-performing titles to its platform, and are excited to see the reception from Croatian players towards our mechanics. We’re confident this will be the start of a successful collaboration.”

Martina Pehar, Group Product Specialist at PSK said: “It’s an honour to welcome Wazdan to the Croatian market for the first time as part of this deal – we’ve seen the reception to their dynamic slots across the world, and we’re thrilled to be bringing them to our players.

“Wazdan bring a fantastic collection of their titles to our platform, including standouts such as Power of Gods: Hades and Clover Lady, that we’re sure our customers are going to embrace. We look forward to seeing the results!”

Balkans

Anakatech Incorporates GameArt’s High-Quality Slot Titles into Cutting-Edge Platform

Published

1 week ago

April 18, 2024

Niji Narayan

Reading Time: < 1 minute

Anakatech, a developer of platforms and comprehensive solutions for the iGaming sector, has entered into a partnership with GameArt, a developer of high-quality HTML5 slot games for both online and land-based casino operators. As per the deal, GameArt’s games are now integrated on Anakatech’s gaming platform.

Anakatech offers complete casino solutions with a portfolio of innovative online and mobile games. Through this collaboration, Anakatech enhances its platform by integrating GameArt’s exceptional games, further enriching the gaming experience for its partners and players alike.

Yauheni Charniuk, Account Manager at GameArt, said: “We are delighted to partner with Anakatech as this collaboration enables us to bring our high-quality online slot games to Anakatech’s partners and clients. We look forward to many years of working together!”