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Low Bulgaria Viability

The Bulgarian online casino gambling industry has a lot of potential viability as a new big market for the internet gambling industry – the only problem is the excessive regulation in the country that is preventing the current gambling monopolies from making any money. Bulgaria is in a very interesting position right now because the country is now a part of the European Union and will have to contend with the European Union’s stance on the restrictive legislation that not only gives the whole of the market to the Bulgarian companies rather than the foreign online casinos, but the very strict regulations are actually not permissive enough to even allow the companies to operate at a profit.

That means that the online casinos are looking a bit perplexed about possible entry into the Bulgarian market. The Bulgarian sports betting monopoly has complete control over the online poker industry and sports betting and there is now a push to allow that same Bulgarian monopoly access to the development and implementation of online casino games as well. The big problem with the whole situation though is the fact that the companies are only actually bringing in 15 percent of their money into the company – and that is not even for profits…that is the percentage used to pay all operating expenses.

Basically, 50 percent of the revenues from the online casino and internet gambling operations are given back to the players as winnings. Then governmental taxes and other measures come in at 35 percent, leaving a very small window for the gambling companies to generate any revenue beyond operating expenses.