The action was taken after the authority found that the casinos were operating without a gambling licence and breaking the law in doing so. The SCG has released the domains
The Bulgarian gaming industry has been growing at a rapid pace for the past year, with the first nine months of 2018 seeing a 17% growth in tax contribution. The online gambling section represents around 10% of the entire gambling market for Bulgaria, which is estimated to have contributed $89 million in the same period. This figure was a welcome surprise, as it was 30% higher than the same period in 2017, which resolved concerns about the reduced tourism from Turkey having an impact on the industry.
A recent warning has been issued to all license holders, stating that although these operators have been approved - there were some small shortcomings in the self-exclusion area. It was said that "If the gaming companies lack the requirement to check and stop players who have self-excluded, it can be considered a serious breach of the regulations
It's great to see that the Swedish Gambling Market is quickly expanding, with the constant addition of new brands almost weekly - ensure you are taking full advantage of these brands who are desperately looking to grow themselves in this market.
The biggest news from SiGMA this month has been their $500,000 investment to attract iGaming investors to Malta. They are reaching out to Affiliates and Operators located past the Euro-Med and treating them with an all inclusive stay in Malta, with the promises of a 5-star room at the Hilton and a free of charge range of VIP networking dinners
After breaking records in 2018, SiGMA are already on track to do it again - with many of the biggest brands in the industry signed up ready to sponsor this years event. Whether you have attended these events before, or are brand new to the concept - the invite is open to all. SiGMA's only goal is to expand the iGaming industry on the island and to improve their events in the process.
Obviously an outstanding issue with Sports Betting was always fixed results, teams betting against themselves and throwing matches for the benefit of financial rewards. However
Sports Betting being re-introduced to America offers a new market for Affiliates to tap into, with the industry already being worth up to $150 Billion a year, you can bet this will rapidly expand once legalised.
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