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HUNGARY LEGALISING ONLINE GAMBLING MARKET
Written on 4/27/11 By Recentpoker.com staff writer Anthony Aperman :
Monopoly to be weakened as government joins the European regulatory trend
Good progress is being made on the Hungarian government's move away from a monopolistic gambling regime to a more open market, with drafting reportedly well advanced, and the government open to approaches from reputable companies interested in licensing.
Historically gambling, including limited online wagering, has been the sole prerogative of the state monopoly Szerencsejáték Zrt, but the latest proposals are that foreign operators who can meet stringent requirements will be able to apply for licensing.
The change of policy can at least in part be attributed to pressure from the European Commission.
Earlier this month (see previous InfoPowa report) Szerencsejáték Zrt put out tenders for a complete online gambling platform capable of providing both internet based gambling as well as online sports book action in Hungary. Bids are only accepted from established companies with a proven track record capable of delivering a complete all inclusive solution within one scalable package.
Bids will be accepted until May 16, 2011, with the top three lowest bids made public on June 3. The winning bid will be announced on June 6. Many international and domestic casino developers are expected to bid on delivering the casino platform in order to be the company with the easiest access to the Hungarian gambling market.
According to the IBLS, online gambling in Hungary is treated as a service, and any such service, through any mode of communication equipment or networks, is required to be carried out under the provisions of Act XXXIV of 1991. A complicated gaming tax using sliding scales of NGR is applicable to income derived from casinos, money-winning and gambling machines, draws, and continuously organised totaliser-type betting. The mode of application of the tax and its rate vary widely.
Online gambling, especially poker and sports betting, is popular with Hungarian punters. A large foreign online sports book operator recently entered talks with the Hungarian government to get into the market, but the current position in these negotiations is not known.
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 -
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