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Bulgaria Intensifies Action Against Unregulated Igaming Sites, Exceeding 600 Restrictions

In a significant regulatory move, the National Revenue Agency (NRA) of Bulgaria has escalated its efforts against unregulated igaming, leading to the blockade of over 600 websites in the final quarter of 2023 due to the absence of valid licenses.

Investigation Outcomes and Enforcement Measures

Investigations conducted by the NRA revealed that these sites facilitated player account creation and online gambling with multiple payment options, directly contravening Bulgarian gambling legislations owing to lack of licensing. This event affects both online casinos and sportsbook bonus websites as well!

🍃Under the NRA’s guidelines, all operators not aligning with Bulgaria’s gambling regulations are required to terminate their operations within three days of receiving a formal notice. In cases of non-compliance, the Magistrates Court of Bulgaria is authorized to instruct ISPs to restrict access to these websites.

Strengthening Regulatory Framework and AML Efforts

🀅In its commitment to reinforcing gambling regulations, Bulgaria has established a new anti-money laundering division, named “Prevention and Counter Action Against Money Laundering,” operating under the NRA. Here are some of the key points you need to remember:

Financial Implications and Future Outlook

🌊Additionally, in the previous year, the NRA identified an extra 150 gambling sites as illegal, concluding their operations within the EU to be unlicensed. The Bulgarian government has also upped the ante on licensing fees and gambling income tax. For the fiscal year 2024, it is anticipated that these measures will contribute an additional BGN200 million (£88 million) to the national treasury.

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