|
 |
||||||||||||||
|
||||||||||||||
HungaryIn January 2023, Hungary passed new legislation to liberalize the online gambling market. This move allows private operators to apply for licenses to offer online gambling services, ending the state monopoly. The new regulation outlines a detailed licensing process for private operators, including requirements for financial stability, technical standards, and responsible gambling measures. Hungary licenses and regulates online poker and online horse betting. The regulated domestic market opened in 2012 after Hungary amended its gambling laws in 2011. While operators may apply for licenses to provide online poker and horse betting, the state-owned lottery organizer, Szercencsejáték, maintains a monopoly on online casino games and sports betting. That monopoly could be disappearing soon. In January 2013, Hungary sent draft legislation to the European Commission that would open up the sports betting and online casino markets. The Hungarian Tax Authority is responsible for approving all online gaming sites and licenses. Licenses are issued for an initial five-year period. After the five-year term, operators may apply for an additional five-year license. Net revenues are taxed at 20% and payable to the Tax Authority. Operators need to meet a minimum registered capital of HUF 200 million (approx EUR 690,000) in a member state of the European Economic Area (EEA) or within Hungary, have relevant experience in the industry, and have a certified gaming and business system. ISPs must block unlicensed sites and banking institutions must freeze the bank accounts of unlicensed operators if required by the Tax Authority. Unlicensed operators are subject to fines up to HUF 100 million (approximately EUR 345,000). In April 2015, the National Tax and Customs Authority in Hungary ordered the nation's media authority to ISP-block 82 allegedly illegal online gambling operators. In December 2017, Hungary approved amendments to its gambling legislation that required local financial institutions to block payments to and from unauthorized gambling sites. 2 Hungary sites support English. with United States Dollars. edit your preferences Hungary
Address
Supervisory Authority for Regulated Activities of Hungary Alkotás utca 50 Budapest, Budapest Hungary 1123 Website Fax +36 1 550 2495 General Information +36 1 550 2500 View All Gaming Jurisdictions Hungary Jurisdiction News
Evoplay expedites Hungarian market growth with Vegas.hu launch
Thanks to the tie-up, the operator gained access to Evoplay’s portfolio of hit titles, including exclusive access to its flagship game Star Guardians. Relax to supply content portfolio to Hungarian operator LVC Diamond Kft The partnership will see vegas.hu players gain access to Relax Gaming’s titles, including Money Train 4, Temple Tumble, and Great Pigsby Megaways. Yggdrasil boosts Hungary presense with LVC Diamond deal The deal sees Yggdrasil’s full portfolio of proprietary content, as well as its YG Masters titles, go live on the operator’s Vegas.hu brand. Spinomenal enters Hungarian market with Vegas.hu partnership Under the deal, Spinomenal will provide the operator with its collection of titles that includes Book of Rebirth, Fairytale Beauties and Wolf Fang. Hungarian Lottery goes live with OddsMatrix EveryMatrix will provide an end-to-end suite of advanced digital sports betting software solutions and services for its online brand TippmixPro. Altenar makes Hungary debut with Vegas.hu partnership The new agreement will see Altenar provide LVC Diamond's online casino with a modern and comprehensive online sportsbook solution. This Week in Gambling: Online gambling love for Valentine's Day We have a lot of love to spread this Valentine's Day, with three U.S. states ready to embrace online gambling. There's also free money love from this week's special offer and online poker love in Europe. Energy Casino mints first high-rolling winner A VIP player from Hungary went on a playing spree from 3-9 January, ending up with a total of €61,413. iSoftBet signs agreement with first online casino in Hungary Las Vegas Casino Diamond Ltd will launch Vegas.hu, which will contain iSoftBet's full suite of mobile and desktop content. Finnplay announces online gaming platform agreement with Las Vegas Casino in Hungary Las Vegas Casino Diamond, a leading casino operator in Hungary, operating land-based casino gaming in Budapest since 1992, plans to launch the first licensed online casino in Hungary this year.
|
||||||||||||||
