Hungarian Online Gambling Regulations Amended

Published Thursday, August 01, 2013 - Online-Casinos.com
Hungarian Online Gambling Regulations Amended

Hungary has finalized its changes to the gambling laws there with the amendments including internet wagering. The Hungarian Parliament has finally adopted the new remote gambling regulations following a long delay in the process.

Hungarian authorities will issue 10 new casino concessions soon. Concessions are valid for a maximum of five years, with the minimum concession fee applicable for 2013 approximately $450,000 per game type. Licensed operators will be subject to a 20 percent tax on gross gaming revenues payable every two weeks, as well as quarterly supervisory fees calculated at 2.5 percent of the GGR, totaling at least $450nand no more than somewhere around $225,000.

The new regulations have expanded the rage of games available on the internet to Hungarians. Online gambling now includes online casino gaming as well as sports betting. Previous to the new laws amendment only horse racing and some online card games were allowed. The liberalization of online gambling is still not permitted under Hungarian law, it can only be operated by the state gambling organization or by a concession operator that is contracted with the Hungarian State.

Hungary intends to use the same method other countries are using to enforce their laws, internet blocking of unlicensed web locations who offer online gambling services. A number of new provisions provides for the prospect that that authorities can order any data relating to illegal gambling operations to be temporarily inaccessible for a period of 90 days. All telecommunications and internet service providers are bound by the decision of the authorities and the decision is final.

Punters in Hungary are turning to the internet in increasing numbers after the government banned slot machine outside the three brick and mortar casinos. The ban brought the number of slot machines down from approximately 24,000 to only a few hundred.

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