It is the country’s first private bookmaker

Bulgaria suspends Eurofootball license for three months

Bulgarian authorities have been unable to create a proper law governing sports betting for a long time with Eurofootball being the sole bookmaker in the country for many years.
2020-03-26
Reading time 47 seg
The gambling commission announced the decision on Wednesday citing unpaid taxes to the state between December 2014 and December 2019. The company could resume betting activities if it pays nearly $182.11 million to the state within three months. The move would affect more than 2,300 jobs.

Bulgaria’s gambling commission on Wednesday suspended the license of the country’s first private bookmaker Eurofootball for three months, citing unpaid taxes to the state between December 2014 and December 2019.

The commission said that Eurofootball, which offers betting on sports and horse and dog racing, could resume betting activities if it pays 329 million levs ($182.11 million) to the state within three months, Reuters reports.

Eurofootball, which was founded in 1990, less than a year after the fall of the communism in the Black Sea state, became hugely successful before the online sports betting boom, with more than 800 betting shops operating around the country and a lack of domestic competition.

Bulgarian authorities have been unable to create a proper law governing sports betting for a long time with Eurofootball being the sole bookmaker in the country for many years. The gambling commission’s move would affect more than 2,300 jobs, Eurofootball said in a statement.

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 Condiciones de uso 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