Turnover is expected to reach us$ 1 billion in 2009

Bulgaria loses millions from illegal Internet gambling

2009-08-12
Reading time 32 seg

A representative of the Commission, Simeon Simeonov, is quoted as confirming that the companies providing Internet gambling and bets in Bulgaria are unlicensed. The Commission has reportedly imposed dozens of fines on such companies.

The statistics shows that in 2006 the turnover from illegal online gambling operations in Bulgaria was us$ 361.8 million, going up to us$ 506.6 million in 2007, and us$ 723.7 million in 2008; the figure is expected to reach us$ 1 billion in 2009.

BGNES cites Alexander Tumparov, Deputy Chair of the Bulgarian Association for Entertainment and Gambling Games, as saying that the unlicensed online gambling operators working in Bulgaria were in violation of nine different laws. BGNES reports that these revelations about the online gambling in Bulgaria were made during a seminar on bookmaking in Sofia sponsored by the unlicensed gambling operator Betsafe.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR