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BULGARIAN ONLINE GAMBLING LAW HITS A STUMBLING BLOCK

Thursday June 23, 2011 : European Commission's detailed opinion could delay government plans to licence and regulate
 
Bulgaria's revised draft online gambling regulatory legislation presented to the European Commission for approval in May this year  has again been given the thumbs down, according to early reports in the local media.
 
The controversial proposals, which many operators in both the land and online sectors have criticised as being discriminatory and unfair in nature, include restrictions on advertising in the European Union's newest member state.
 
Other areas for complaint are requirements that applicants for licenses must have five years of experience in the Bulgarian market; Bulgarian banks must be used; and a practical presence in the country will have to be established - all demands that have been found questionable in other regulatory attempts in Europe.
 
There are reportedly over 200 online gambling sites on the Web that offer action featuring Bulgarian language and both Lev and Euro currency. Gambling generally was legalised, taxed and regulated in 1993, with tough new restrictions and higher taxes imposed five years later, a move which did little to curtail the proliferation of land gambling establishments due to a liberal licensing regime.
 
The government was slow to turn online gambling to its advantage, and it was only in 2008 - prior to the country's acceptance into the EU - that legalisation as a policy was accepted, with a tax rate based on profit of 17 percent, and state monopolised sports betting.
 
Although the full detailed opinion from the EC is yet to be published, the European Gaming and Betting Association, an online gambling trade body, has already warned that the Bulgarians need to reflect carefully on the Commission's views.
 
EGBA secretary general Sigrid Ligne said, “Some of the main requirements in the bill are not something that would motivate any operator to take a licence. There are lots of question marks still. We need to see how the government responds to the detailed opinion.”



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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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