The study also shows that due to large tax benefits, the taxes paid in 2016 are only US$111 million. The data analysis shows a rapid and aggressive expansion of the gambling industry in Bulgaria.
Moody’s Amadeus data also shows that in Bulgaria there are 1,327 companies registered that engage in betting and gambling. The three largest gaming clusters are grouped around companies of Vasil Bozhkov (New Gaming, Eurobet, National Lottery), Sudi Ozkan (Princess Svilengrad, Star Princess) and Sanevian (Win City, Bookmaker 1), Finance Apprise reported.
In 2017, New Gaming and National Lottery recorded a turnover of US$108 million and US$18.8 million respectively, while the total turnover of the biggest gambling companies from Bozhkov reached US$364 million. After tax, the profit hit US$93 million.
Source: GMB / European Gaming
