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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.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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