The Cabinet from Bulgaria has passed a bill that aims to ban private lottery games in the country.
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Bulgaria.- Bulgaria\u2019s Finance Minister Vladislav Goranov has revealed that the Cabinet supported a bill with amendments to the country\u2019s Gambling Act. These changes would ban private lottery games in Bulgaria.<\/p>\n\n\n\n
Goranov<\/em><\/strong>\u00a0said that Bulgaria is seeking a gambling monopoly, instead of nationalising existing companies, Sofia Globe reported. This move would bring extra revenue and support to the Bulgarian sport sector.<\/p>\n\n\n\n The Bulgarian National Lottery claimed in a statement that the nationalisation of private business is an unacceptable precedent that will lead to irreversible consequences for the state, legislative and executive branches.<\/p>\n\n\n\n \u201cThe market should not be growing for the sake of it, because in gambling, one\u2019s spending is another\u2019s revenue. We witness how with their last money, especially at petrol stations and it is staggering, people re-fuel for 10 leva and spend 20 leva on gambling,\u201d Goranov said to the Bulgarian National Radio.<\/p>\n\n\n\n Goranov wants a new State Gambling Commission<\/p>\n\n\n\n The Minister said that they\u2019re also interested in restructuring the State Gambling Commission. A recent analysis by the Finance Ministry unveiled contradictory decisions over the years, showing accumulated faults that need to be fixed. The Cabinet from Bulgaria has passed a bill that aims to ban private lottery games in the country.<\/p>\n","protected":false},"author":2,"featured_media":2518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bulgaria's Cabinet has passed a bill to ban private lottery games, aiming to establish a state monopoly to generate additional revenue for the sport sector. This legislative amendment, championed by Finance Minister Vladislav Goranov, faces opposition from the Bulgarian National Lottery, which deems it an unacceptable precedent. Concurrently, the Finance Ministry plans to restructure the State Gambling Commission due to identified operational inconsistencies.","focusai_entities":"Vladislav Goranov, Bulgarian National Lottery, State Gambling Commission, Finance Ministry","focusai_location":"Bulgaria, Sofia","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), affiliate_publisher (0.8), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Monopoly impact?","query":"What are the projected GGR and NGR impacts for the Bulgarian market following the transition to a state lottery monopoly, and how will this affect the broader gaming verticals?"},{"label":"Regulatory precedent?","query":"How might this legislative precedent of nationalizing a gaming vertical influence regulatory compliance and governance frameworks in other EU member states considering similar market interventions?"}],"footnotes":""},"categories":[16331,2234,154],"tags":[225],"class_list":["post-2514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-emea","category-legislation-news","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=2514"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2514\/revisions"}],"predecessor-version":[{"id":777009520,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2514\/revisions\/777009520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2518"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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