PokerStars To Set Up In Bulgaria After Online Poker License Approval

PokerStars To Set Up In Bulgaria After Online Poker License Approval February 20, 2014 February 20, 2014 Tim Glocks
Posted on  Feb 20, 2014 | Updated on  Feb 20, 2014 by Tim Glocks

PokerstarsWhile America continues to debate the pros and cons of legalizing online poker, a number of countries across the globe are lifting the restrictions of online poker. Europe in particular has experienced significant growth during the past few years and is considered to be an extremely lucrative market.

PokerStars, the biggest online gambling company in the world was looking to setup and expand its operations in Europe. The company had applied for an online poker license in Bulgaria and recently confirmed that the Bulgarian State Gambling Commission (SGC) had approved an online gaming license. This means that PokerStars will be able to provide online poker players in Bulgaria real-money poker games.

In a statement, PokerStars’ Head of Corporation Communications Eric Hollreiser said

Bulgaria is full of promise. Poker is extremely popular in the country and recently we have seen some notable results from Bulgarian players including Dimitar Danchev, who won the 2013 PokerStars Caribbean Adventure Main Event for $1,859,000.

Bulgaria in making this decision to legalize online poker have obviously come to the conclusion that there are many more positive reasons as to why online poker should be legalized than be banned completely. This decision also reflects the views of key people in office who were instrumental in granting PokerStars, an online gaming license.

During the second week of Feb, the SGC went ahead and approved eCOGRA as Bulgaria’s official iGaming Testing Agency. This strategic move is a clear indication of Bulgaria’s commitment to launching online poker.

Based on what officials have stated, the PokerStars’ license will be activated and its name will also be removed from the blacklist. PokerStars was blacklisted in Bulgaria during July 2013. However, the authorities will soon remove PokerStars from the blacklist and could be up and running within a few weeks.

Hollreises went on to say that

We are delighted with today’s news. We are looking forward to working with the Gambling commission so that we can launch as soon as possible.

The initial license will allow PokerStars to offer poker games all over Bulgaria and will help also help the company to further expand into Europe. The company is also officially permitted to operate in countries like Italy, Denmark, Germany, Belgium, Spain, Estonia, France, Italy, Denmark, the Isle of Man, Germany, Spain and Estonia.

PokerStars believes that the Bulgarian market is a great market to tap and will look to increase its revenue as it expands into Bulgarian .

Tim GlocksAuthor

Tim Glocks is a retired professor, he currently contributes to Tim enjoys playing poker and has taken it up as a hobby since his retirement. He has taken part in many online tournaments and has become a veteran in a short space of time. Visit Tim’s google + page here