Synot Makes Bulgarian Market Debut with 10-Year License

Synot Games has officially entered the Bulgarian gambling market, securing a 10-year license for gaming production and distribution.

This strategic move aligns with Synot’s broader vision to expand its influence across the Balkan region, following recent partnerships.

By bringing its renowned gaming portfolio to Bulgaria, Synot aims to set new benchmarks for both online and land-based gaming.

Explore how this license and Synot’s expansion plans are reshaping the gaming industry in the Balkans.

Synot Enters Bulgaria, Secures 10-Year License to Boost Balkan Expansion

Key Points:

1. Strategic Expansion: Synot’s 10-year Bulgarian license is part of its broader push into the Balkan gambling market.
2. Strong Partnerships: Recent collaborations with Galaxsys and Gamanza have enhanced Synot’s reach across Europe.
3. Regulatory Compliance: By securing a license, Synot ensures compliance with Bulgaria’s strict gambling laws, distinguishing itself from unlicensed operators.

Synot Secures 10-Year License to Enter Bulgarian Market

Synot Games, a leading European gaming provider, has taken a significant step in its expansion strategy by entering the Bulgarian gambling market. The company has received a 10-year license from Bulgaria’s gambling regulator, allowing it to produce, distribute, and provide technical support for its gaming portfolio in the country.

This move highlights Synot’s commitment to growing its presence in the Balkan region, a market that is gaining momentum in the global gambling industry.

Building Momentum in the Balkans

Synot’s entry into Bulgaria follows a series of strategic partnerships and expansions across Eastern Europe.

• In November 2023, Synot partnered with Galaxsys, integrating its skill games portfolio into the Synot Interactive platform.
• Another collaboration with Gamanza Group extended Synot’s reach into new European markets.
• Last month, the company partnered with Casino Gameworld in Slovakia, further strengthening its position in the region.

Now, with its Bulgarian license, Synot is poised to capitalize on one of Eastern Europe’s emerging gambling markets.

Bulgarian Gambling Market: Opportunities and Challenges

Bulgaria offers a promising landscape for gambling operators, but the market is not without its challenges.

In October 2023, the National Revenue Agency intensified efforts to combat unlicensed gambling websites, signaling a stricter regulatory environment. Synot’s acquisition of a 10-year license ensures compliance with these regulations, positioning the company as a trusted and legitimate player in the Bulgarian market.

This license also paves the way for Synot to provide technical support locally, enhancing its ability to serve operators and players with tailored solutions.

Synot’s Vision for Bulgaria

Stanislav Stanev, International Business Development Director at Synot Group, emphasized the importance of this milestone:

“We are thrilled to obtain the license for the Bulgarian market. This allows us to continue our expansion within the Balkans and offer our most successful products to Bulgarian customers.

“The timing couldn’t be better, as we look forward to showcasing our portfolio at the upcoming BEGE Expo in Sofia. We are eager to engage with local operators and demonstrate the value of our online and land-based offerings.”

The BEGE Expo, a premier event in the Eastern European gaming industry, presents an ideal platform for Synot to solidify relationships with Bulgarian operators and showcase its innovative gaming solutions.

Synot’s entry into the Bulgarian gambling market represents a critical step in its Balkan expansion strategy. With a 10-year license in hand, the company is well-positioned to introduce its renowned gaming portfolio and provide tailored technical support to operators in the region.

As Bulgaria tightens its regulatory framework, Synot’s commitment to compliance and innovation sets it apart from competitors. By leveraging strategic partnerships and showcasing its offerings at industry events like the BEGE Expo, Synot is poised to become a key player in the Bulgarian market.

This milestone not only reinforces Synot’s status as a leading gaming provider but also underscores its dedication to shaping the future of gambling in the Balkans and beyond.