Overview of the Bulgarian gambling legislation
Bulgaria, like many European countries prefer to regulate gambling activities with its laws. Bulgaria requires all operators to buy licenses and pay taxes, but the Bulgarian authorities allow their players to play in dot-com markets.
The first steps towards the regulation of the Bulgarian legislation began in the spring of 2013. But they haven't been successful: the very high bets and taxes have scared away almost all potential buyers of the license.
Regulation has begun with the blacklisting of more than 170 gambling sites.
Thus, the local regulator has stimulated operators to buy local licenses and start working on the Bulgarian market according to the recently adopted gambling legislation.
Representatives of the gambling industry were not pleased or worse with this law. They have repeatedly told about the fact that requirements that were acting on the territory of Bulgaria were defeat business of purpose and profitability. As a result, they have demonstrated sustained reluctance to meet the conditions required for obtaining a license.
In the original version this procedure was expected to pay a one-time license fee in amount of 250 000 levs (approximately $175,000). The size of the monthly tax payments from activity's profit was 20%.
However, having realized its mistake, since January 1, 2014, the Government of Bulgaria has proposed another scheme: operators are required to pay a one-time license fee of about €50 000, and the turnover tax was replaced by 20% of the gross profit. This meant for online poker an increase of rake by 20%. This wasn't the best option, but it was much better than initially, when the casino games, sports betting and online poker in Bulgaria were on the same level for regulator.
In general, it should be noted that the Bulgarian gambling market is small. PokerStars was licensed first, but it was not the only one. We offer the following best choice of online poker rooms in Bulgaria and the best rakeback!
Bitcoin gambling in Bulgaria
Using of Bitcoin is legal in Bulgaria and cryptocurrency is classified as a virtual currency. There are Bitcoin ATM and exchanger located in Sofia.
Nevertheless, in spite the legitimate use of cryptocurrency, currently Bitcoin gambling is illegal in Bulgaria. All online gambling operators which offer their services on the Bulgarian market should receive a gambling license but none Bitcoin gambling operator hasn't been licensed in Bulgaria.
The main thing is that the room is still focused on recreational players. Furthermore, after changing the graphics of software the room has become more friendly for regulars. There are a lot of tournament experience with soft fields in PKR. The same applies to the cash games at low and micro-stakes. PKR supports HM, it has active traffic at low and micro-stakes. Given that the room has an impeccable reputation, fast and easy withdrawals, it is obviously that players of low and mid-stakes would like PKR.
Tis is well-known room which is to present the updated software in December. As for micro-limits, Unibet is virtually no alternative room having the lowest rake. Unibet has an impeccable reputation, and in Europe it is known as one of the most popular and reliable bookmakers. Unibet is totally focused on recreational players: there are anonymous tables, no HU, HM/PT are not supported, no waiting lists, the option to change the nickname is available. In general, this room will suit lovers of extremely soft European compositions, micro-limit players and players who are not afraid to play without statistics against weak opponents.
Earlier RedKings was a part of the Ongame poker network, but in October 2016 it has migrated in the MPN network. There are a huge number of weak players at RedKings poker tables and it is natural because RedKings has a great casino.
Poker client of RedKings has realistic graphics and superb performance. There are 24/7 friendly support staff, thousands of players at the tables, impressive prize pools in tournaments, all this makes RedKings really excellent poker room.
Online poker room RedKings is legal in Bulgaria, therefore, local players can play in this room not only profitable but safely! We provide staged bonuses: €250, €500 and €1000. Bonuses are fixed: €1250, €2000, €2500. Cashback for our VIP-players can reach up to 40%. Regular races, including the private, as well as other bonuses and promotions are available.
To know details of the current offer contact our manager via Skype.