On November 22 at Inter Expo Center was held a press conference on “The latest trends in the gaming industry in Bulgaria and Europe. Bulgaria – a technological hub for leading companies in the gaming sector in the world”, which marked the beginning of the largest exhibition of the gaming and entertainment industry in Central and Eastern Europe – BEGE 2023. During it were discussed topical topics, including: the adaptation of technologies in the processes of work of the gaming industry, as well as the opportunities for innovation.
We present the highlights of an interview with Angel Iribozov, Chairman of the Bulgarian Gaming Industry Association (AGIB).
What challenges do the gaming sector face today and what are the prospects for its further development?
The gaming industry always faces challenges that open up prospects. New technologies, artificial intelligence and crypto payments provide opportunities for application in different areas of the gaming industry in order to protect players from developing dependencies, as well as the responsible behavior of organizers. Technology is evolving and the sector is adapting. New technologies provide new opportunities, but there remain challenges for regulators on how to regulate the environment so that it is most equitable.
What are the AGIB’s goals and priorities?
The Association of the Gaming Industry in Bulgaria has always insisted on considering all the interests – of customers, consumers, business, the state and society as a whole, when there is a debate about the development of the sector. This has always been our main goal since the establishment of AGIB more than 30 years ago.
With what advantages does Bulgaria stand out in the sector?
Categorically, the highly qualified specialists we have, they are a strong competitive advantage. Many companies in the sector have chosen to develop some of their products in Bulgaria. There is a base for the development of personnel simultaneously with new technologies.
What is your message to Bulgarian business and foreign investors?
I would wish them the environment to be comfortable enough for the development of this kind of technology and to have predictability. Each investor is looking for predictability for 5-10 years ahead, not unbalanced action from a fiscal point of view or additional norms. There are already enough norms in Bulgaria that the organizers respect. The environment from elsewhere in the EU is also found here in Bulgaria, but we have a tax advantage over other European jurisdictions. This is of great benefit to the development of the industry.
You can listen to the full interview here.