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Gambling Law Changes For Hungry
Friday December 6,2013 : HUNGARY IMPLEMENTS GAMBLING LAW CHANGES
Demands for land casino licenses, but foreigners still largely excluded from remote gambling sector.
Demand for the ten land casino concessions permitted by recent changes to Hungarian gambling laws is said to be keen in reports from 11 of the Central European country's cities, but as the law stands at present it will be difficult for foreign remote gaming operators to gain a foothold in the promising market.
Amendments earlier this year broadened the list of games legally available on the Web and came into force in July.
However, the new regulations still treat remote gambling as a restricted gaming activity, although there are plans to expand the scope of current permissions to include sports betting and online casino games, in addition to the previously available online horserace betting and online card games.
The problem for foreign companies seeking to operate in the remote gambling sector is that the law requires that activities be carried out only by the state gambling organisation or by a concession operator that has a contract with the state.
This means that a domestic presence or partnership with an existing concessionaire is essential for foreign companies wishing to operate in Hungary.
Available concessions are of five-year duration and come with a hefty fee of around $450,000 per game type. Operators are additionally liable for a 20 percent tax on gross gaming revenues, to be levied every two weeks, as well as a quarterly supervisory fee equal to 2.25 percent of the sum.
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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