Balkans
Altenar set to showcase top-tier sportsbook at BEGE 2022
Malta-based iGaming leader ready to display its impressive resume
Altenar, the leading Isle of Man headquartered sportsbook provider, is set to take centre stage at the Balkan Entertainment and Gaming Expo (BEGE) in Bulgaria next month to unveil its latest ground-breaking innovations.
The conference, which runs from 23rd-24th November 2022 at Sofia’s Inter Expo Center, has become a hugely integral part of the iGaming calendar and the team at Altenar will play an important role at the annual event.
During the course of the two days, Altenar representatives will be sponsoring, showcasing and speaking about the Bulgarian sports betting landscape. Discussion topics will include market analysis and risk management requirements.
Altenar has developed a strong reputation within the Bulgarian market thanks to success stories in the region, such as Winbet, 8888.bg, Alphawin, Sesame, and Palms Bet. This has led to immense trust in the sportsbook solutions developed by Altenar and the provider’s understanding of such a dynamic Balkan betting landscape.
Over the past 12 months, Altenar has also devised an improved Cash Out formula, as well as developing solutions that allow different odds for individual partners, all while continuing to streamline its settlement processes as the demand for this increases in Bulgaria.
Led by COO and Co-Founder Dinos Stranomitis, Altenar’s expert sales team will be on hand to exhibit all of their most recent high-profile developments.
Commenting ahead of BEGE, Stranomitis said: “It is important for providers like Altenar to be present at events like BEGE, as the Bulgarian market is demanding and filled with smart players and betting consumers.
“It’s important to meet our partners to discuss with those in the market what is in demand, needed and wanted, while better understanding the balance and dynamics of the market as well. Our success stems from as far back as 2015 when we empowered Winbet as our first operator; we hope to continue this positive and successful climb.”
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Balkans
Bulgaria Plans to Increase Gambling Tax
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After banks helped the Ministry of Finance (MF) fill the budget gap this year, the ministry has chosen another sector to help patch up the deficit in 2026. This sector is gambling, which will pay higher license fees for organising games, according to Economic.bg in the Updated Medium-Term Budget Forecast for the period 2026 – 2028.
It states that with amendments to the Gambling Act, the variable part of the two-component state fee payable for maintaining a license for lotteries, raffles, toto, bingo, keno, and others will be increased as of January 1, 2026.
Currently, the two-part license maintenance fee consists of a one-time fee of BGN 300,000 and a variable part of 20% on the difference between the value of bets received and winnings paid out. For games for which participation fees and commissions are collected, this 20% is imposed on their value accordingly.
For online betting, the one-time fee is BGN 400,000, and the variable part is again 20% on the difference between the bets received and the winnings paid out.
Now, instead of 20%, gambling operators are being asked to pay 25% on the difference. The 5% point increase is expected to contribute an additional €32 million in revenue to the treasury.
“The planned increase in the fees payable by gambling operators is aimed at generating additional revenue for the state budget and thus providing additional funds for social and economic expenditure, which is in the public interest,” the Ministry of Finance said.
It is interesting, however, that the effect of the measure in 2027-2028 has not been calculated.
Temenuzhka Petkova’s idea is actually an old one, left over from the discussions on the 2025 state budget by the caretaker government of former Prime Minister Dimitar Glavchev.
The post Bulgaria Plans to Increase Gambling Tax appeared first on European Gaming Industry News.
Balkans
CT Interactive to Participate in BEGE 2025
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CT Interactive, a leading online content provider, is going to participate in Balkan Entertainment and Gaming Expo (BEGE) 2025, taking place on 26–27 November at the Inter Expo Centre, Sofia.
At stand 2.28, the company will present its latest innovation, the Diamond Tree Jackpot – a progressive, multi-game, multi-currency concept combining cutting-edge design, dynamic gameplay and advanced functionality, offering a next-level gaming experience.
CT Interactive also sponsors the BEGE Awards 2025 in the B2B category “Online Platform of the Year,” celebrating innovation and excellence in the gaming industry.
“This year, we are thrilled to unveil the Diamond Tree Jackpot, a product that reflects our unwavering commitment to delivering world-class gaming experiences. We are also honored to support the BEGE Awards 2025 as a sponsor, an event that celebrates the most outstanding achievements and forward-thinking innovations in our industry,” said Martin Ivanov, Chief Operating Officer at CT Interactive.
The post CT Interactive to Participate in BEGE 2025 appeared first on European Gaming Industry News.
Admiralbet.bg
CT Interactive goes live on Admiralbet.bg
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CT Interactive is thrilled to announce a new partnership with Admiralbet.bg, a well-established global operator with decades of experience and presence across multiple European markets, including Germany, Croatia, Montenegro, Romania, Bosnia and Herzegovina, and Serbia. Following its official launch in Bulgaria in October 2025, Admiralbet.bg will offer Bulgarian players access to CT Interactive’s full portfolio.
The partnership will bring a wide range of high-quality and popular titles to players, including Lucky Clover, Win Storm, 40 Treasures, King of Clovers, and Chilli Fruits, known for their engaging gameplay, dynamic features, and well-designed math models.
“This strategic collaboration with Admiralbet.bg reinforces our commitment to the Bulgarian market and our mission to deliver top-quality gaming content to local players,” said Todor Botsev, Business Development Manager EMEA & Asia at CT Interactive.
“With over 250 premium titles integrated on Admiralbet.bg, we are taking another key step toward building a sustainable and high-quality iGaming experience in Bulgaria,” added Martin Ivanov, Chief Operating Officer at CT Interactive.
“We are extremely excited about our collaboration with CT Interactive. This partnership allows us to offer our users a wide range of high-performing games and strengthens our position as a market leader,” commented Miroslav Mladenov, Chief Operating Officer at Admiralbet.bg.
Through this partnership, CT Interactive and Admiralbet.bg aim to elevate the digital entertainment experience and contribute to the continued growth of Bulgaria’s regulated iGaming sector by providing players with diverse and premium gaming offerings.
The post CT Interactive goes live on Admiralbet.bg appeared first on European Gaming Industry News.
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