Betting Monopoly to be lifted in Moldova

11 May 2018

mdGambling monopolies have been a thorn at the side of many countries in the EU and Moldova has been no exception. However, the small nation is ready to take some daring steps into liberalizing its gambling sector. The country’s authorities are ready to divest the gambling monopoly, with the new plan including slot machines, betting shops, and a National Lottery. The Moldovian government has already signed a contract with a number of private companies, that will allow them to start investing in the yet untapped Eastern European country.

One of the companies that managed to secure a contract with the government of Moldova, is the popular Novo Gaming from Austria, with the latter operating in 45 countries. Novo is going to deploy the slot machines project, while a conglomeration of companies owned by Bulgarian billionaire named Vasil Krumov Bozhkov will deal with the sports betting and lottery products. The only problem is that the billionaire is allegedly tied to organized crime, but also runs Bulgaria’s largest licensed gambling operation. If the projected law changes do take place, Moldova will have shown the way to countries like Sweden and Germany, where the local’ governments remain reluctant on big changes.

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