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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The sports betting technology provider SBTech has been targeted by hackers and that led to the disruption of access to several bookmakers that use its...

Read more »

The Danish state-owned gambling operator Danske Spil has announced a record net profit for 2019 and at the same time the local gambling regulator, Spi...

Read more »

Both UK and Gibraltar gambling regulators decided to suspend the licenses of Addison Global Limited, the operating company of online bookmaker MoPlay,...

Read more »

The United Kingdom Gambling Commission has forced the online betting exchange Matchbook to freeze its UK betting and casino activity; after temporaril...

Read more »

The shareholders of GVC Holdings have voted and approved the relocation of the company’s headquarters and tax residence from the Isle of Man to the UK...

Read more »

The world no. 1 chess grandmaster Magnus Carlsen has signed a sponsorship deal with Unibet, that will make him the global brand ambassador of the famo...

Read more »

The federal states of Germany have reached an initial agreement regarding the establishment of a new draft interstate treaty on the regulation of all ...

Read more »

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »