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Hungary
Address
Supervisory Authority for Regulated Activities of Hungary
Alkotás utca 50
Budapest, Budapest
Hungary 1123

Website

Email

Fax
+36 1 550 2495

General Information
+36 1 550 2500

View All Gaming Jurisdictions
 
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Hungary Jurisdiction News

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.

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.

Hungary

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.

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Hungary
Address
Supervisory Authority for Regulated Activities of Hungary
Alkotás utca 50
Budapest, Budapest
Hungary 1123

Website

Email

Fax
+36 1 550 2495

General Information
+36 1 550 2500

View All Gaming Jurisdictions
 
Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW!

Hungary Jurisdiction News

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.

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.

 
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