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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.
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
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The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
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The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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