Tag Archives: bulgaria

Intralot rocked by Bulgaria Eurobet suspension 

Intralot SPA has detailed a troubled start to 2020 trading, noting steep declines across all core operating metrics and divisions, as its corporate recovery programme has been impeded by multiple novel headwinds.  Publishing its Q1 2020 results, the Athens-listed gambling technology and lottery systems provider saw group turnover decline by 47% to €102m (Q12019: €193m).  The €90m turnover decline is …

Read More »

Bulgarian lottery dispute sees Kambi suspend 7777.bg service

Issuing a corporate update, Stockholm-listed sports betting platform and systems provider Kambi Group Plc has disclosed that it has ‘temporarily suspended’ its contract with Bulgarian operator National Lottery AD. Kambi’s action is undertaken, following National Lottery AD’s ‘voluntary decision’ to hand back its operating licence to Bulgaria’s State Gambling Commission (BGC). Since 2017, Kambi has served as lead sportsbook supplier to …

Read More »

efbet completes product puzzle through deVRealm purchase

deVRealm

Sportsbook and casino operator efbet believes it has found the “missing puzzle piece” to extend its market leader status in Bulgaria. The operator has become a majority shareholder in deVRealm, a tech startup based in Sofia, in a deal which will help efbet to take back control of its product roadmap. A ‘pilot’ project for deVRealm, efbet’s new platform will …

Read More »

Boyan & Tzvetomir Naydenov, efbet: For the love of sports

efbet

Close-knit brothers Boyan and Tzvetomir Naydenov founded the efbet sportsbook back in 2006 alongside their father Stefan. We sat down with both of them to discuss how a ‘love of sports’ has driven the development of the family-owned business ever since. Keep reading to find out how the efbet launch came about, why it quickly became apparent that online betting …

Read More »

Efbet continues Bulgarian investment

Bulgarian sportsbook Efbet is investing BGN25m a year into Bulgarian sports according to one of the founders of the company Tsvetomir Naydenov. The sportsbook currently sponsors CSKA 1948 of the Bulgarian second division whilst also sponsoring a host of top flight Bulgarian teams and the country’s First Professional Football League.   As well as being greatly involved within Bulgaria’s football competition, efbet …

Read More »

Strengthened global profile helps Kambi maintain growth momentum

Stockholm-listed sports betting platform provider Kambi Group Plc has attributed its success during Q2 2019 to a growing number of partnerships across both Europe and the US, despite facing ‘tough comparatives including the 2018 football World Cup’. Recording a revenue figure of €21.6m, a jump from the previous figure of €17.6m, Kambi has moved towards forging new partnerships across European markets.  …

Read More »

Bulgarian Gambling Commission appoints Alexander Georgiev as new chair

The Bulgarian Ministry of Finance has confirmed the appointment of Alexander Georgiev as the new Chairman of the State Commission on Gambling Bulgaria. Georgiev has formerly served as the Deputy Director for Bulgaria’s national tax agency since 2017. The appointment was confirmed by Bulgarian Finance Minister Vladislav Goranov, who has approved a restructure to the Commission’s leadership. The appointment sees …

Read More »

6 of the Best – Nolimit City’s Per Lindheimer

Blonk 6OTB

This week’s 6 of the Best comes from Per Lindheimer, Product Owner at Nolimit City. In the latest edition, that also comes complete with a full a set of runners-up in each category, discover what bucked the trend of not mixing business with pleasure, “bolting” through a group of death and what triumphed in a tough movie dilemma. Best Holiday …

Read More »

BetGames.TV continues growth with Efbet partnership

BetGames.TV has announced a fresh integration partnership with sportsbook and casino operator Efbet, meaning that the BetGames portfolio will now be available to players across Bulgaria. As part of the partnership, BetGames.TV’s portfolio of live games, which include Bet on Poker, Dice, Lucky5, Lucky6, Lucky7, War of Bets and Wheel of Fortune are freely are can now be utilised by all Efbet’s users. …

Read More »

The World Cup’s Finest with Redzonesports’ Anthony Gray

In The World Cup’s Finest we ask various individuals to delve into their own personal history of football’s quadrennial showpiece extravaganza, selecting a number of favourites as well as revealing what is their very first World Cup memory. Today Anthony Gray, Head of Football at Redzonesports.bet, tells us about priding his own abilities on Walter Zenga and a duo of …

Read More »