Bulgaria gambling regulator suspends Eurofootball licence

IBIA sets new sports betting procedure
The licence was suspended for three months

The company can resume betting activities if it pays 329 US$182.11 million to the state within three months

Bulgaria.- The national gambling regulator suspended on Wednesday the licence of Eurofootball for three months after the company failed to pay taxes between December 2014 and December 2019.

Bulgaria’s State Gambling Commission (SGC) announced that the company can restart activities after paying  329 million levs (US$182.11 million) to the state within three months.

According to Calvinayre, Eurofootball accused the state of seeking to create a land-based betting monopoly for the state-owned Bulgarian Sports Totalizator. Eurofootball claimed that the coronavirus-related shutdown of retail betting and casino operations ordered by the government earlier this month “do not apply” to the state-run Totalizator.

The company issued a statement saying the suspension of its license threatened the jobs of its 2,300 local employees. The company said it “has always paid the due state fees” required by law and warned that it would be “forcibly destroyed” by the government’s actions, which included the blocking of its financial accounts on February 21.

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Bulgaria regulator sports betting