The sports betting industry has shown considerable growth in the previous ten years and within an investigation of the Center for the Study of Democracy of Bulgaria that the amounts have demonstrated that revenues are rising significantly. In 2017 alone, the gambling industry attained US$1.8 billion.
The analysis also shows that because of large tax benefits, the taxes paid in 2016 are just US$111 million. The data analysis indicates a rapid and aggressive growth of the gambling industry in Bulgaria.
But, gambling advertisements could be limited further in Bulgaria as a bill on the matter obtained earlier this month that the support from the ruling Citizens for European Development of Bulgaria party (GERB) as well as from the Bulgarian Socialist Party (BSP), in a rare instance of political concord on a particular issue between the nation ’s important parties.
Sponsored by Deputy Prime Minister Valery Simeonov, the bill calls for the introduction of stricter controls on the manner gambling products and services are advertised across social websites. In case it comes into force, it will close loopholes in the nation ’s current gambling advertising regulations which make it possible for operators to indirectly advertise their goods despite an overall ban on direct advertising.
Moody’s Amadeus data also shows that in Bulgaria there are 1,327 companies registered that participate in betting and gambling.
The current updates of the Bulgarian market and a few insights into investment chances will be shared throughout the panel discussion which will feature briefings about the condition of the industry in Romania, Bulgaria, Ukraine and Belarus.
Miglena Dimitrova is a founding partner in MDMI Legal law firm, heading the gambling law team. Miglena Dimitrova is an IP and regulatory lawyer and mediator. Her main regions of practice include IP and regulatory issues, focusing mainly on online networking, financial services and gambling.
Miglena has extensive experience in the gambling application procedure before the Bulgarian State Gambling Commission, in addition to in the other aspects of gambling legislation, and has proposed that the largest international gambling operators, institutions and platform providers.
She’s a regular speaker at national and international gambling conventions.
The 2018 edition of the “bombastic gaming conference ” will be held at The Ritz-Carlton on the 25th of September and the event promises to once again bring the top quality content and media opportunities for attending delegates.
The subtitle of this 2018 occasion is “The age of Machine Intelligence and the way labs must stay informed about engineering ” and the schedule is full of premium excellent content. CEEGC 2018 will once again feature compliance and regulatory related panel talks about Romania, Bulgaria, Ukraine, Belarus, Slovakia, Czech Republic, Hungary and Poland, however, will also focus on Responsible Gambling, AML, Licensing Procedures in the European Union, Innovation and will comprise a distinctive IMGL MasterClass&commerce;.
Make sure that you grab your chair in time and wait for the most prestigious boutique fashion gaming event which gather C-level executives yearly in among Europe’s most visited city.
Register here!
About the organizer, European Gambling Media and Events (previously EEGMedia/EEGEvents)
European Gambling Media and Events is a major media and boutique event organizer business in the European Union.
The live events/conference branch is in charge of coordinating boutique fashion executive gaming events that focus on bringing inside advice from the top gaming specialists in the European Union and beyond. Their first event was held in Budapest on the 19th of September 2016. Since that time the team have executed more destinations in their occasion portfolio.
Simply speaking, they cover most regions of Europe with international events which serve the local and worldwide industry, optimize media opportunities and bring the latest topics into extent.
The event destinations comprise Vienna, Prague, Budapest, Riga and Ljubljana with particular attention around emerging markets.
For additional information concerning the calendar, agendas and locations, visit the Live Events/Conferences section on europeangaming.eu
Few Bundles now available for 2019 MARE BALTICUM Gaming Summit
Taivo Põrk in MARE BALTICUM Gambling Summit
