Hungary Expands Land Based Gaming Before A Planned Issue of Online Licenses

Legal amendments have led to a rush of applications for casino licenses; similar legal changes will be needed to inspire online operators to follow suit.

Key Takeaways

Eleven Hungarian cities have applied for newly permitted casino licenses following amendments to the country’s gaming laws.
The success of the amendments in prompting land based casino applications may encourage the government to look again at the online requirements.
The Remote Gambling Association (RGA) has not only criticized Hungary’s new laws for breaching EU Treaties, but also stated that high costs would deter operators from applying for licenses.

Eleven Hungarian cities have applied for newly permitted casino licenses following amendments to the country’s gaming laws. The laws will also permit up to 10 online gaming licenses to be issued.

21+ in OH. Please play responsibly. For help, call the Ohio Problem Gambling Helpline at 1-800-589-9966 or 1-800-GAMBLER.

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Hungary

Jocelyn Wood, Editor Joss is a graduate in English from the University of Birmingham and has a Master’s Degree in Organisational Development from the University of Manchester. His career path has taken him from the British Army, through business & finance to seven years as a successful professional poker player. His experience of the European Union, law, accounting, finance, regulation and online poker provide the basis for his insights in the PRO specialist categories of Industry and Law & Regulation. As CEO he steered his own company through full Financial Services Authority regulation, and was asked by Morgan Stanley to take their UK mortgage business through the same process. Although British, he lives in Arequipa, Peru, set high in the mountains and surrounded by volcanoes. He is married to a Peruvian and has three children.

Article published on December 05, 2013.

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