Synot Expands Into Bulgarian Market With New Gaming License
Synot has officially entered the Bulgarian gaming market after obtaining a ten-year license to produce, distribute, and support its gaming portfolio in the country. This move marks another step in the company’s broader strategy to strengthen its presence in the Balkans.
Ten-Year License Paves the Way for Growth
With the acquisition of its Bulgarian license, Synot is now authorized to develop, produce, and distribute gaming products within the region. The license also includes provisions for offering technical support related to gaming activities, enabling Synot to establish a comprehensive presence in the market.
This development aligns with Synot’s ambition to expand across Eastern Europe, bolstering its influence in the Balkan region.
Building Momentum With Strategic Partnerships
Synot’s entry into Bulgaria follows a series of key partnerships that have expanded its footprint in Europe. In November 2023, the company partnered with Galaxsys to integrate skill games into its Synot Interactive platform. Shortly after, a collaboration with Gamanza Group allowed Synot to extend its reach to new European audiences.
More recently, Synot teamed up with Casino Gameworld in Slovakia, further solidifying its influence in Eastern Europe. The Bulgarian market entry represents a continuation of this growth trajectory, emphasizing Synot’s commitment to regional expansion.
Synot’s Presence at BEGE Expo
Commenting on the company’s Bulgarian debut, Stanislav Stanev, International Business Development Director of Synot Group, highlighted the strategic timing of the license:
“We are really happy with obtaining the license for the Bulgarian market. Like this we can continue with our expansion plans within the Balkan region and make available our most successful products for the Bulgarian customers as well.
“The license is coming just on time for the upcoming BEGE expo in Sofia, where we are expecting to meet most of the local operators and have some fruitful discussions and presentations of our most successful products from both online and land-based divisions.”
