Balkans

SportingWin strikes Pinnacle partnership in Bulgaria

Published

3 years ago

January 18, 2023

Reading Time: 2 minutes

SportingWin, the ambitious online sportsbook operator, has put pen to paper on a breakthrough deal that will see it use Pinnacle’s B2B iframe solution to further establish itself as the go-to betting brand in the Bulgarian market.

The exclusive deal will see SportingWin, which has made strides in the market since launching last year, enhance its sportsbook offering through Pinnacle’s cutting-edge technology.

Using Pinnacle’s solution, SportingWin aims to attract more quality customers, especially the high-volume high-value bettors that often make up most of an operator’s revenue. It will also be able to improve hold, reduce volatility and optimise performance.

Since making its debut in Bulgaria, SportingWin has already had a major impact on the market. In 4Q22, the operator generated €500,000 in net revenue with the Pinnacle partnership set to take that to the next level over the coming 12 months.

SportingWin is a Malta-based B2C betting company, which became the fifth licensed operator to enter the Bulgarian market with a Romania market launch in the pipeline.

Mark Chakravarti, Investment Director at SportingWin, said: “Pinnacle is an industry powerhouse that needs no introduction. Its B2B iframe solution is a cut above the rest and will allow SprotingBet to further establish itself as a leading betting brand in Bulgaria.

“This is certainly the case when it comes to engaging the 5% of quality customers that can and do make up more than 80% of an operator’s revenue. These players require certain products, features and levels of service, and with the help of Pinnacle, we can now exceed their expectations.

“We have got off to a great start in Bulgaria with our SportingWin brand, but this partnership with Pinnacle really does mark our arrival in the market where we expect to become a major player over the next 12 months.”

Rohini Sardana, Business Development Director at Pinnacle, added: “Pinnacle Solution has been designed to help operators leverage our state-of-the-art technology and our unrivalled experience honed over more than two decades. SportingWin can now use this to continue to establish itself as a true market leader in Bulgaria.”

Amusnet

Amusnet Shortlisted in Four Categories at the Golden Spades Awards 2025

Published

11 hours ago

November 14, 2025

Niji Narayan

amusnet-shortlisted-in-four-categories-at-the-golden-spades-awards-2025

Reading Time: < 1 minute

Amusnet has been shortlisted in four categories at the Golden Spades Awards 2025, organised by the Association of Organisers of Gambling Games & Activities in Bulgaria (SOHIDB). The company is recognised for its achievements as the Most Successful Bulgarian Company Abroad, for its innovation with the Slot Machine of the Year, for the Debut of the Year for Gaming Machines and as the Online Supplier of the Year.

This recognition highlights Amusnet’s continuous commitment to excellence, and global growth across the online, online live casino and land-based gaming sectors. The Golden Spades Awards celebrate the companies and individuals driving the future of the gaming industry in Bulgaria and beyond, honoring outstanding performance and leadership in technology, product development and business development.

Irina Rusimova, Chief Commercial Officer at Amusnet, said: “It’s a great honor to see Amusnet recognized across multiple categories at this year’s Golden Spades Awards. These nominations reflect the dedication, creativity, and passion of our entire team, as well as our strong partnerships both in Bulgaria and worldwide. We are proud to represent Bulgarian innovation on the global stage and to continue setting high standards for entertainment and technology.”

The post Amusnet Shortlisted in Four Categories at the Golden Spades Awards 2025 appeared first on European Gaming Industry News.

Balkans

CT Interactive Shortlisted for the “Golden Spade’s” Awards 2025

Published

11 hours ago

November 14, 2025

Niji Narayan

ct-interactive-shortlisted-for-the-“golden-spade’s”-awards-2025

Reading Time: < 1 minute

CT Interactive has been shortlisted in the “Most Successful Bulgarian Company Abroad” category at the “Golden Spade’s” Awards 2025. This recognition is a testament to CT Interactive’s continuous commitment to innovation, quality and excellence in delivering engaging iGaming experiences to its partners and players around the world.

The “Golden Spade’s” Awards 2025 celebrate excellence and achievement across Bulgaria’s gaming and entertainment sectors. The awards ceremony will take place on November 25 at the Hyatt Regency Sofia, bringing together the most prominent figures and companies shaping the industry’s future.

Monika Zlateva, CCO of CT Interactive, said: “We are honored to be recognized as a finalist in such a competitive and prestigious category. This acknowledgment inspires us to continue pushing the boundaries of innovation and delivering exceptional experiences to our partners and players around the world.”

The post CT Interactive Shortlisted for the “Golden Spade’s” Awards 2025 appeared first on European Gaming Industry News.

Balkans

Bulgaria Plans to Increase Gambling Tax

Published

3 days ago

November 11, 2025

Niji Narayan

Reading Time: < 1 minute

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.

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