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Tougher Approch to Online Gambling By Hungry
5/5/10 - Hungarian media were speculating this week that the newly elected Fidesz Party’s conservative roots could bring about a tougher approach to Internet gambling.
The party was recently returned to power for the first time in eight years, and is on record as considering an approach to online gambling control that may mimic the ISP-blocking and financial restraints tactics of Denmark and Norway.
Hungary’s land gambling industry is currently labouring under excessive government interference, with heavy taxes on poker winnings, restrictions on land poker clubs and a 15 percent limit on poker club profits – an additional burden to a 30 percent tax on revenues.
The Hungarian Poker Association has opined that these almost draconian measures were designed to spread poker players out to land casinos, a view that was to some extent confirmed when Finance Minister Laszlo Detrekoi characterised the arrangements as a compromise to suit both poker and casino interests.
Reports suggest that the measures may have resulted in poker club owners calling it a day, and players consequently taking to the Internet and foreign online poker sites as a more player-friendly way to participate in the game.
Hungary has no internet gambling licensing regime, prompting the view that a conservative-leaning political party like Fidesz may decide to go the prohibitionary rather than regulatory route in order to protect local land gambling businesses.
Both local and overseas industry observers are now speculating on which way the new government will jump.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
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