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Bulgarian Proposed Gambling Advertising Restrictions

Posted 2/17/11 : Call for even-handed treatment
 
Bulgarian government proposals to impose a ban on gambling advertisements have met with opposition from both land and online operators, who have been voicing their objections during a consultative process this week, calling for equity in laws that affect companies.
 
The newspaper The Standart reports that operators are disgruntled about the manner in which the government proposes to go about licensing in its new Gambling Act draft, and the suggested ban on gambling advertisements, which is seen as discriminatory.
 
The full ban on gambling advertising envisaged in the latest draft should be removed, demanded companies involved in a variety of gambling businesses.
 
If restrictions were essential, it would be more acceptable to treat gambling in the same manner as smoking, with warnings of the possible dangers associated with wagering carried on any advertising, rather than outright bans.
 
The Bulgarian gaming association (BTAMOGI) has also been active in the EU arena, sending a delegation to a conference in Strasbourg headed by the European Gaming and Amusement Federation (EUROMAT) and focused on raising awareness on gambling regulation in the EU.
 
EUROMAT has called for equitable treatment of all forms of gambling service distribution across the EU, noting that the European gaming sector generated revenues of just over Euro 21 billion in 2009 and directly employs more than 280,000 people across the EU.
 
“Today has been all about ensuring that when decisions are made at EU level which impact our sector, that those decisions are based on concrete knowledge as to how our sector operates, how many people we employ and our commitment to providing gambling services in a responsible manner”, said Annette Kok, President of EUROMAT and its Dutch member VAN.
 
“With a Green Paper on remote gambling set to be adopted by the European Commission this spring, the next 18-24 months will be critical for our sector”.

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Gambling News :

Interwetten 2016 Earnings Results - Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform

EU Online Gambling Tax Harmoney Dead - Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.

Jack Lam Facing Big Fines in the Philippines - It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.

Walter Merricks Term As Gambing Commissioner Extended - The UK Government has extended Walter Merricks’ term as Commissioner of the Gambling Commission for a further year, ending December 31, 2017.

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

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