Bulgaria to abolish the State Gambling Commission

27 Jul 2020

bulgarian-commissionA new bill that is set to abolish the existing gambling regulator in Bulgaria and hand its duties to the National Revenue Agency, has been adopted by the country’s legislature after passing the second reading. The Bill 054-01-51 to Amend and Supplement the Gambling Act was introduced in June 2020 and got approved by the Committee on Budgets and Finance, the Committee on Children, Youth and Sport and the Committee on Culture and the Media, before passing its first reading on June 17.

The initial plan was to create a new regulatory body, the State Gambling Agency, under the Bulgarian Council of Ministers. Nevertheless, the bill was amended by many members of the GERB party in order to allow the National Revenue Agency to take over this role. It was eventually approved at its second reading on July 23 and now President Rumen Radev should give his consent. One of the bill’s sponsors, Alexander Ivanov, stated in a recent committee hearing that the imminent changes are aiming at clarifying the status of the regulator and ensuring transparency in its procedures, in order to achieve its optimization and increase its quality.

It is worth noting that the bill sets out new capital requirements for Bulgaria’s licensed betting sites and casinos after a specific amendment that was proposed by Valeri Simeonov. More specifically, a BGN 1 million capital is required for slot licensees, a BGN 1.5 million applies to casino licensees, and a BGN 3 million capital is required for online gambling operators.

It is also worth mentioning that Simeonov had previously proposed an amendment to the Bulgarian Gambling Act, regarding the closure of all gambling halls, other than a small number of integrated casino resorts that are located close to the country’s borders.

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

Yesterday, August 6th, the new legislation covering the online gambling market came into effect. It was published in the governments’ official journal...

Read more »

Interwetten has signed a three-year deal with the Greek Super League, commencing the coming September, that will see them being named as a golden spon...

Read more »

1xBet Group has signed a Trademark License Agreement with TonyBet, which has a valid license issued by the UKGC. The agreement allowed TonyBet to obta...

Read more »

The Supreme Council of Ukraine (Verkhovna Rada) has held a voting last week, resulting in a victorious 248-95 at the second reading in favor of regula...

Read more »

It’s been almost one and a half years since the Remote Gambling Act (RGA) was approved in Holland. Officials have been trying to set up an appro...

Read more »

Gambling companies are set to be banned from featuring on football teams’ shirts, starting season 2020/2021. This new ruling comes as part of th...

Read more »

STS, the biggest Polish bookmaker, has taken its development one step further by taking over BetSys, the software provider that was already its main I...

Read more »

Betwinner has announced that it has signed an exclusive deal with Brazilian football legend Roberto Carlos, which appoints him as the brand’s ambassad...

Read more »

The Norwegian Ministry of Culture is considering unifying the country’s gambling laws under a new piece of legislation. This means that the Lott...

Read more »

The Cypriot government is determined to amend the nation’s sports betting law in order to benefit the development of all-levels of Cypriot football. M...

Read more »

Latest Betting Offers