Bulgaria drifting closer to regulation of internet gambling
Bulgaria's parliament has approved yesterday a gambling bill that aims to regulate online gambling. All online gambling activities had been unregulated in the Eastern European country, resulting in an increasing number of illegal gambling sites. The regulated online gambling market will result in annual tax revenues worth €50 million.
All online gambling
operators will have to apply for a license in order to operate on the Bulgarian market. The new law also forces internet service providers (ISP) to ban blacklisted online casinos. ISP's and rights groups opposed this obligation, as it could pave the way for internet censorship. Additionally, the new law prohibits gambling ads.
Unfair and monopolistic
The new law was adopted seamlessly, after the European Commission declined the regulatory bill last year. Both gamblers and online casino operators described the draft as unfair and monopolistic. They also criticized the regulatory bill as it prohibits certain operators to advertise in Bulgaria. Additionally, many market watchers defined the license requirements as discriminatory.