State of the Gambling Industry in Bulgaria at CEEGC2018 Budapest

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Published on:
May/29/2018

Budapest – The organizers of the Central and Eastern European Gaming Conference (CEEGC) are honored to announce that Miglena Dimitrova (MDMI Legal) will join the panel discussion which focuses on the Eastern European gambling market updates.

The Bulgarian gambling industry has shown significant growth in the last 10 years and in an Analysis of the Center for the Study of Democracy of Bulgaria the numbers have shown that revenues are rising significantly. In 2017 alone, the gambling industry reached US$1.8 billion.

The study also shows that due to large tax benefits, the taxes paid in 2016 are only US$111 million. The data analysis shows a rapid and aggressive expansion of the gambling industry in Bulgaria.

However, gambling advertising could be restricted further in Bulgaria as a bill on the matter gained earlier this month the support from the ruling Citizens for European Development of Bulgaria party (GERB) as well as from the Bulgarian Socialist Party (BSP), in a rare case of political concord on a given issue between the country’s major parties.

Sponsored by Deputy Prime Minister Valery Simeonov, the bill calls for the introduction of stricter controls on the way gambling products and services are advertised across Bulgarian media. If it comes into force, it will close loopholes in the country’s current gambling advertising regulations that make it possible for operators to indirectly advertise their products despite an overall ban on direct advertising.

Moody’s Amadeus data also shows that in Bulgaria there are 1,327 companies registered that engage in betting and gambling.

The recent updates of the Bulgarian market and some insights into investing opportunities will be shared during the panel discussion which will feature briefings about the state of the industry in Romania, Bulgaria, Ukraine and Belarus.

About Miglena Dimitrova

Miglena Dimitrova is a founding partner in MDMI Legal law firm, heading the gambling law team.  Miglena Dimitrova is an IP and regulatory lawyer and mediator.  Her main areas of practice include IP and regulatory matters, focusing mainly on online media, financial services and gambling.

Miglena has extensive experience in the gambling application procedure before the Bulgarian State Gambling Commission, as well as in all other aspects of gambling legislation, and has advised the largest international gambling operators, associations and platform providers.

She is a regular speaker at national and international gambling conferences.

The 2018 edition of the “bombastic gaming seminar” will be held at The Ritz-Carlton on the 25th of September and the event promises to once again bring the quality content and networking opportunities for attending delegates.

The subtitle of the 2018 event is “The age of Machine Intelligence and how regulators must keep up with technology” and the agenda is full of high quality content. CEEGC 2018 will once again feature regulatory and compliance related panel discussions about Romania, Bulgaria, Ukraine, Belarus, Slovakia, Czech Republic, Hungary and Poland, but will also focus on Responsible Gambling, AML, Licensing Procedures in the European Union, Innovation and will feature a special IMGL MasterClass™.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gather C-level executives yearly in one of Europe’s most visited city.

Register here!

About the organizer, European Gaming Media and Events (formerly EEGMedia/EEGEvents)

European Gaming Media and Events is a leading media and boutique event organizer company in the European Union.

The live events/conference division is in charge of organizing boutique style executive gaming events that focus on bringing inside information from the top gaming experts in the European Union and beyond. Their first event was held in Budapest on the 19th of September 2016. Since then the team have implemented more destinations into their event portfolio.

In short, they cover most areas of Europe with international events that serve the local and global industry, optimize networking opportunities and bring the hottest topics into scope.

The event destinations include Vienna, Prague, Budapest, Riga and Ljubljana with special focus around emerging markets.

For more details about the calendar, agendas and locations, visit the Live Events/Conferences section on europeangaming.eu

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