Balkans

Bulgaria debut for ITL Spectral recycler & ICU age verification

Published

5 months ago

October 29, 2019

Bulgaria debut for ITL Spectral recycler & ICU age verification

Reading Time: 2 minutes

The leading exhibition for the gaming and entertainment industry in Eastern Europe takes place at the Inter Expo Center in Sofia, Bulgaria on 20-21 November 2019. Innovative Technology will demo their latest innovations at BEGE (Balkan Entertainment and Gaming Expo) including age verification and Spectral technology.

Sasha Kragulj, Business Development Manager said, “Our presence in the region continues to expand and we have been showcasing our products at various events around Eastern Europe over the past year.”

“We are eager to show BEGE visitors the new Spectral Payout. This unit is ideal for high volume applications requiring secure, multi-denomination recycling. It offers 80 note true mixed denomination recycling and large storage capacity for all denominations eliminating coin starvation & reducing the coin float level required to keep machines operational. Utilising the NV200 Spectral validator this recycler boasts state-of-the-art Spectral technology, offering the highest level of security with 100% note image capture and stained note detection.

Installing this unit in conjunction with the SMART Coin System (SCS) – a bulk coin validator, mixed coin hopper and recycler in one, results in fast, multi-denomination recycling for both notes and coins. The SCS has a market leading coin hopper capacity with payout speeds of up to 12 coins per second to eliminating coin starvation, the need for multiple hoppers to improve cashflow.”

Innovative Technology also plan to debut their new age verification device (ICU) to the Bulgarian gaming industry.

Sasha continued, “ICU automates the age verification process by using clever machine learning algorithms to help combat underage gambling and assist premises and Operators comply with gambling restrictions and regulations. Boasting a high level of accuracy with a proven 96% success rate in detecting under 18’s, it provides a seamless service for the end-user as there is no need for customers to pre-register.”

Commenting on their involvement at BEGE, Sasha Kragulj, Business Development Manager concluded, “Eastern Europe is an important region for us, so we are looking forward to highlighting our innovative product range to BEGE visitors. Come along and see us on stand 3.9 to find out more.”

Read more about our full product range: https://innovative-technology.com/products/products-main

Balkans

Bulgarian Gambling Regulator Suspends Eurofootball Licence

Published

3 days ago

March 27, 2020

Niji Narayan

Bulgarian Gambling Regulator Suspends Eurofootball Licence

Reading Time: < 1 minute

The Bulgarian State Commission on Gambling has suspended the licence of bookmaker Eurofootball for three months over unpaid taxes.

The commission said that Eurofootball could resume betting activities if it pays 329 million levs ($182.11 million) to the state within three months.

Eurofootball was founded in 1990 and became hugely successful with more than 800 betting shops operating around the country.

The Bulgarian government has been unable to formulate a proper law governing sports betting for some time now. Eurofootball has been the sole bookmaker in the country for many years.

Balkans

Kambi Temporarily Suspends Contract with Bulgaria’s National Lottery

Published

2 weeks ago

March 16, 2020

Niji Narayan

Kambi Group plc temporarily suspends contract with National Lottery AD of Bulgaria

Reading Time: < 1 minute

Kambi Group, the Malta-based gaming solutions provider, has suspended temporarily its sports betting service to Bulgaria’s troubled National Lottery AD. The group left with no choice as the Bulgarian operator voluntarily returned its operating licence to the local gaming regulator.

Kambi sent a formal notice to National Lottery AD, informing it of the provision to place bets restricted with immediate effect. National Lottery AD had been using the Kambi Sportsbook for its 7777.bg gaming brand for close to three years.

This is a direct result of the ongoing crackdown on private lotteries in Bulgaria. Following the crackdown, National Lottery’s boss, Bulgarian businessman Vasil Bozhkov, is now facing multiple charges.

It has been claimed that Bozhkov and his lottery operation had not paid proper taxes for years for conducting its activities in Bulgaria.

Bozhkov left his country shortly before he was slapped with a number of charges, ranging from leading an organised crime group, extortion, coercion and attempted bribery. He is also probed for murder and rape.

In February, Bulgaria’s Chief Prosecutor Ivan Geshev declared that Bozhkov had been detained in the United Arab Emirates and that his office was preparing a request for his extradition.

Balkans

Serbia Plans to Raise Online Gambling Taxes

Published

4 weeks ago

March 4, 2020

Niji Narayan

Serbia Plans to Raise Online Gambling Taxes

Reading Time: < 1 minute

The lawmakers in Serbia are pushing a bill that would set higher online gambling taxes.

Serbia currently taxes online gaming at 5% of GGR but the new bill would increase this to 15% for online betting and 10% for other games.

The bill would also allow for up to 10 licenses to be awarded in addition to the two licences that are already active.

The new bill also includes additional responsible gaming requirements that operators must meet, including messages in all adverts reminding minors not to gamble. In addition to this, an electronic surveillance system would be implemented to detect illegal websites.

“We are witnessing breaches of the rules,” lawmaker Danica Bukvic said.

“The fact is that children are betting and giving money to adults to pay for them to bet. Strict controls are necessary to prevent all this,” she added.