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The new gambling bill which sees private lotter games banned has been backed by Bulgarian Cabinet. According to Finance Minister Vladislav Goranov “Bulgaria will impose a state monopoly, rather than nationalize existing private companies. Also the new situation is expected to bring increased revenue, as well as support Bulgarian sport”.
State lottery operator Bulgarian Sport Totalisator is required by law to pay out a significant part of its revenue to the Sports Ministry, which then allocates the money to individual sport federations.
On the other side, news weren’t accepted easy by private gambling companies as the lottery operator “National Lottery” which in a statement underlined that “the nationalisation of private business is an unacceptable precedent that will lead to irreversible consequences for the state, legislative and executive branches.”
Bulgarian Finance Minister Vladislav Goranov added on the issue: “The market should not be growing for the sake of it, because in gambling, one’s spending is another’s 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”.
Separately from the bill in Parliament, Goranov promised to put forward a proposal to restructure the State Gambling Commission, after an analysis by the finance ministry showed that the gambling regulator “made contradictory decisions over the years, which shows that there are accumulated faults that must be fixed”.
