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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.

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

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