Is MagicBet casino legit?
With our team of casino specialists, we carefully studied the casino, traced its most important factors and key units, reviewed its features in detail and found that MagicBet casino Needs Improvement. The factors we took into account and which influenced our assessment are :
- it is not clear how long it takes to withdraw your winnings
- there is no information about the support centre opening hours
- the casino platform is brand new and unproven
- 5% fee for dormant accounts
However, we can say that the casino is licensed and safe to play.
Reviewed by
Anton Stoychev
Updated on
Press the LEGITOMETER for more info
MagicBet casino welcomes new players with 100% sign up bonus up to 1000 BGN.
🙋♂️ USER REVIEWS
🎁 WELCOME BONUS
100% up to 2000 BGN
📆 ESTABLISHED
2023
✅ LICENSE JURISDICTION
Bulgaria NRA
🏛️ OWNER
MagicBet OOD
🗺️ LANGUAGES
Bulgarian 🇧🇬
⏱️ WITHDRAWAL TIMES
Bank transfer: Up to 5 business days
Cashterminal: Instant
EasyPay: Instant
Credit/debit cards: Up to 5 business days
📧 SUPPORT
Email: [email protected]
Live chat: 24/7 (EN)
💳 BANKING
| Payment | Min Deposit | Max Daily Withdrawal |
|---|---|---|
| Visa | 10 BGN | 10 000 BGN |
| MasterCard | 10 BGN | 10 000 BGN |
| Maestro | 10 BGN | 10 000 BGN |
| Visa Electron | 10 BGN | 10 000 BGN |
| CashTerminal | 10 BGN | 5000 BGN |
| EasyPay | 10 BGN | 5000 BGN |
| Epay | 10 BGN | 5000 BGN |
| FastPay | 10 BGN | 5000 BGN |
| Bank transfer | 10 BGN | 10 000 BGN |
MagicBet Casino Review
MagicBet is a new casino that is only available to players in the Republic of Bulgaria. You can play through the browser on your computer or laptop, as well as on your mobile phone and tablet. There is no downloadable phone app available, but the mobile version is good enough. The site has a modern interface, the menu is well arranged and conveniently located in the header of the site, the buttons are easy to navigate. You will find a wide variety of slot and casino games, table games, progressive jackpot and much more. In addition, sports betting is also available for sports fans. At the casino, you can pay with credit and debit cards, e-wallets, bank transfers, as well as at cashier offices. MagicBet is the another online casino that gets license in Bulgaria. The casino industry was stuck for decades but since 2 years more than 10 new online casinos emerged. We’ve also reviewed Slotino casino which is also new casino brand for Bulgaria.
Casino legitimacy
Magicbet is an online casino platform providing users with variety of casino games, live casino and sports betting. The site is owned by the well-known on the Bulgarian gambling market Magicbet, who have numerous successful gaming halls across the country. Magicbet are based in Sofia and operate under the registration number 204507558. The casino has two licenses which were issued by the National Revenue Agency in October 2023. One license under number 000030-8401, which authorizes the distribution of gambling; the other license is under number 000030-8873, which authorizes sports betting, horse betting and dog racing. The license is the most important factor for any casino brand and is the first component that our team and I look out for.
According to our LegitoMeter MagicBet Needs Improvement
Factors affecting our LegitoMeter
License
Withdrawal times
Winning limits
Support 24/7
Fair bonus terms
User ratings
Fake casino games
Withdrawal limits
Casino older than 12 months
Variety of payment methods
Fair terms and conditions
Related blacklisted casino
👍👎
Yes 👍
Fast 👍
No 👍
Yes 👍
Yes 👍
Negative 👎
No 👍
Low 👎
No 👎
Yes 👍
No 👎
No 👍
Summary of our Legitometer and the most important factors it monitors.
- A positive factor is that the casino operates with a license.
- The casino has a high withdrawal limit and we define this as a positive factor.
- There is no win limit and we consider this a positive factor
- There is not enough information on how long it takes to pay out prizes and we determine this to be a negative factor.
- A variety of methods are available for depositing and withdrawing prizes.
- Bonus terms have unfair rules and we consider this to be a negative factor.
- There is no information on the opening hours of the customer service centre and we consider this to be a negative factor.
- Although Magic Bet is a well-known name on the Bulgarian market with its dozens of gaming rooms, the online casino is still new and has not proven loyalty to players, so the meter gives a red point for this factor.
Latest user reviews
Verification was hassle
Verification was hassle, it took them 2 weeks. I won 100 BGN with their new player offer. Withdrawal was easy and fast. I think I will stay to play there for a while.
decent
It’s decent, compared to the other online casinos in Bulgaria. I won 200 BGN with welcome bonus. Withdrawal was a little bit complicated, because they asked for many papers.
Facts about Magic Bet casino
We would like to present you with some useful facts related to the casino brand that we think you will find useful if you decide to play.
- The site is available only in Bulgarian
- The main currency of the casino platform is BGN and fees are charged when paying in other currencies. If you’re looking for a casino with more currencies options please check our Casino Action review.
- The smallest amount you can deposit is 10 BGN and the highest is 5,000 BGN
- A variety of payment methods are available on the site such as Visa, MasterCard, Revolut, Apple Pay, Vivacom, ePay, easyPay, Bank Transfer, FastPay, Cashterminal
- There is no information on how long it takes to pay out rewards.
- The daily withdrawal limit is 10 000 BGN
- The brand has partnered with world renowned software developers among which are NetEnt, 7Mojos, Playson, Amusent, Evolution Gaming, EDG Digital, Red Tiger Gaming.
- The casino is only available to players in the Republic of Bulgaria
- In order to successfully complete the registration on the site and withdraw your rewards without any problem, you need to provide some documents that the operator requires. You will need a copy of your ID card, proof of address registration, a copy of your bank details, a current phone number.
- In case of questions and technical problems you can contact the casino support team. You can email them at [email protected] or live chat. It is not clear what the support centre opening hours are.
Advantages and disadvantages
We’d like to give you a two-point overview of the casino’s strengths and weaknesses so you can get a clearer picture of how it works.
Casino bonuses and promotions
We carefully reviewed the bonus terms and saw that they are not fair to players because there is a bonus win limit. But the welcome bonus rollover requirement is only is 25x bonus+deposit, which is fine.
New players to the casino can take up to 2000 BGN with a welcome bonus, for the first deposit they make.
For players who like sports betting, there is also a welcome bonus which is worth 200 BGN.
There are personal bonuses available that depend on how long you play at the casino.
The casino has various features that are available to help players get a better result in sports betting
- cashout
- early payout,
- magic odds,
- inflated odds,
- 0% margin, and
- zero draw, with which feature the casino will return the amount of your bet if the match you bet on ends 0-0.
Sign-up bonus
Welcome bonus for 1st deposit
- 100% up to 2000 BGN
- Wager: 25x bonus+deposit
- Minimum deposit: 10 BGN
- Max cashout: unlimited
- Valid for: new players only
18+ | Gamble responsibly | GambleAware.org | T&C’s apply
What’s your experience with MagicBet? Leave a review
Frequently asked questions
We have found that the casino needs improvement but is safe to play.
Visa, MasterCard, Apple Pay, ePay, EasyPay, Revolut, Bank Transfer are available
Yes, there is a sign-up bonus. New players can take up to 2000 BGN.
