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Politicians in Bulgaria are seeking to amend the nation's current gambling laws, as a measure has been introduced into the country's parliament that would bring the eastern European country's gambling laws more in line with international standards.
The move is turning out to be a popular bi-partisan effort, with 11 MPs sponsoring the bill and appears promising. The bill would replace the current tax structure of 15% on gaming revenues with a 100,000 leva licensing fee as well as a 20% tax on the casino's winnings.
The change in law would bring Bulgaria more in line with the majority of Europe, which is wary of over-taxing operators and potentially driving them offshore.
Additionally, politicians are debating the merits of having the country's Gambling Commission blocking of unlicensed websites, saying that the move has not helped drive many firms to apply for Bulgarian licensing and that players can bypass the blockade.
Casino Listings will update this story as more developments arise.