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Hungry passed an amendment to its gaming law
Tuesday July 2,2013 : STATE CONCESSION REQUIRED FOR OPERATORS IN HUNGARIAN MARKET
Non-concession holders to be ISP blocked and blacklisted
The Hungarian National Assembly has passed an amendment to its gaming law by a 235-69 vote.
Initiated by the Minister of National Economy Mihaly Varga, all online gambling and betting platforms targeting the Hungarian market require a five-year State concession.
The State Concession carries a prohibitive annual fee of HUF 100 million (GBP 290,632), a quarterly supervision fee of 2.5 percent with a minimum of HUF 100,000 and a maximum of HUF 50 million along with a fortnightly gambling tax of 20 percent on net revenue, reports the Budapest Times.
Following Belgium and Bulgaria's cue, non-licenced operators offering services to the Hungarian market will be blacklisted and ISP blocked.
State lottery Szerencsejáték Zrt was given the right to participate in all three online activities - lottery, sports betting and casino.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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