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HungaryIn December 2004, Hungary’s Gambling Board initiated legal proceedings against the UK’s Sportingbet Plc, which launched its Hungarian-language website in June 2004. László Oravecz, department head at the board, stated that since Sportingbet is operating without the appropriate license, according to Hungary’s criminal code, organizers of illicit gambling could be sentenced to two years in prison. Spokespeople for Sportingbet claimed that their activities were legal and that the company conformed to all applicable EU regulations. In March 2007, the European Commission issued an opinion against Hungary’s online gaming monopoly. In October 2008, Hungary proposed reforms to open its online gaming market allowing EU- and EEA-based online sports betting companies to apply for authorization to advertise and operate in the Hungarian market. The European Commission will review the strict tax requirements, which may cause a barrier to entering the market. In April 2011, Szercencsejáték, Hungary’s National Lottery and largest gambling service, launched a tender for the implementation of their Internet gaming platform to provide online gambling and sports betting to go live by the end of the year. The 1 Hungary site supports English. edit your preferences Hungary
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Hungarian Tax and Financial Control Administration Szechenyi u. 2 Budapest, Budapest Hungary 1054 Website Fax +36 61 428 5382 General Information +36 61 428 5100 View All Gaming Jurisdictions Hungary Jurisdiction News
Kwaysser second Hungarian to win WSOP title, $617,214
Valdemar “Luigi” Kwaysser won the $10,000 buy-in Pot-Limit Hold’em World Championship at the World Series of Poker on Wednesday morning. It was the first WSOP bracelet for the resident of Budapest, Hungary, worth $617,214. EU targeting France, Greece, Sweden over sports gambling International News Brief: The European Commission will censure France, Greece and Sweden this week for restrictions they have put on sports gambling, sources close to the matter said Monday. EU Commission acts to remove sports betting obstacles in Denmark, Finland and Hungary The European Commission has requested that Denmark, Finland and Hungary change their laws to allow open competition in the sports betting market. EU pushes for open betting market International News Brief: The European Commission will step up legal action against four countries in a bid to open the betting market across the 27-nation European Union. |
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