The world came to a halt when COVID-19 hit. Despite this, life has to go on, and the gaming industry is now more active than ever, especially the online sector that saw an opportunity as land-based casinos are shutting down. Let us take at the latest news about the casino industry, particularly in Bulgaria.
Oryx Gaming Comes to Bulgaria
Oryx Gaming has concluded an agreement with Palms Bet to enter the Bulgarian market. In this deal, Palms Bet is going to launch Oryx Games in its platform, along with its German partner, Gamomat. The release is going to come from Oryx Hub.
For now, the game titles that are included in the deal are Fancy Fruits, Ramses Book, and others. The games will be available to players in Bulgaria and other southeast European countries. The partnership will allow Oryx to launch games exclusively from Gamomat. This includes slide-in slots, side game jackpots, and more.
Palms Bet will also have access to the Bragg Gaming Group—the company’s engagement platform that takes care of designing, launching, and maintaining leaderboards, tools, bonuses, and other programs that deal with player engagement. Palms Bet is a known casino operator like Vulkan Vegas casino Bulgaria, and it is licensed by the Bulgarian Gaming Commission. It has been one of the most established gaming operators in Bulgaria for the last six years.
NRA is Now in Charge of Bulgarian Gambling
The National Revenue Agency is now in charge of the gambling industry in Bulgaria. The NRA is a tax bureau of Bulgaria, and federal lawmakers now abolished the State Commission Gambling, making the NRA the new regulatory board of gaming.
The was a report claiming the Chairman of the State Commission on Gambling resigned in February. This report comes after the investigation about the Chair’s involvement in a tax evasion scheme. The Chair, Alexander Georgiev, was said to be linked with gambling mogul Vasil Bozhkov, an operator that allegedly owes $182.4 million in unpaid taxes.
It is this scandal that moved the lawmakers to abolish the commission and give the regulatory rights to the NRA. The future is a little bleak. Sources say that Valeri Simenov, a right-wing representative, has proposed measures that allowed the monopoly of lotteries to a state-owned operator, the Sports Totalisator. This move has forced many private investors in the gambling industry out of the market.
Now, the country’s legislators passed a bill that officially dissolves the State Commission on Gambling to prevent further scandals. Its duties will now be handed over to the NRA, a government body that is headed by Galya Dimitrova.
Microgaming Poker Network Launches in Bulgaria
Meanwhile, a partnership has emerged between Microgaming and the National Lottery AD. The specific arm of Microgaming involved in this partnership is Prima Networks Limited.
This partnership will see the launch of 7777.BG as a poker gaming site in Bulgaria. This deal marks the entry of Microgaming’s poker network in the Bulgarian market. The customers of the National Lottery AD will now be able to use the poker software of Microgaming.
Launched in 2003, the Microgaming poker Network is a respected establishment in the gambling industry. It is one of the longest-operating and biggest poker networks in the world. The poker network is accessible in multiple languages, and it also has 24/7 action. Players from around the world can play here at any given time of the day and find rooms full of other players.
Balkan Entertainment Visits Bulgaria
The Balkan Entertainment and Gaming Expo commonly referred to as BEGE, kicked off the celebration of its 10th year anniversary. The event happened in three halls of the Expo Center in Bulgaria Sofia.
New initiatives were presented, which includes the Startup zone, Innovation zone, and a contest called Gaming Startup Challenge. The event also paved the way for gambling moguls and companies to discuss concerns. Many companies have joined the initiative, some of which are Novomatic, Alfastreet, IGT, Merkur Gaming, and more. These concerns shall be addressed by the organization with the government.
The event was graced by more than 70 exhibitors from 20 different countries. There were also special presentations, such as the Miss Gaming BEGE and the BEGE Awards.
Today, Bulgaria is a technology hub. There are many high-tech solution providers in the Balkan region, all of which have something to offer for both the land-based and the online-based gambling community and industry. This event was a successful one, and it was organized by the Bulgarian Association of Manufacturers and Operators, also called BTAMOGI.