Bulgarian Gambling Reform Bill Passes Second Reading

Politicians in Bulgaria have advanced a gambling reform bill this week, passing thee bill through its second reading, raising hopes that the country's draconian policies on internet gambling may be lightened soon.

The bill would loosen gambling restrictions that the country has put into place, and would aim to attract online betting operators to the country instead of having them operate offshore. The key difference with the bill is replacing a 15% tax on gross gambling revenues, with a 100,000 leva licensing fee along with a 20% tax on "the difference between the bets made and the winnings paid out”.

In addition to the online provisions, the gambling reform bill would alter land operations by prohibiting the manufacturing, importing, or servicing of gambling machines.

Casino Listings will update this story when further developments arise.

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