Hungary’s casino industry has boomed following amendments to the country’s gambling legislation. made in 2014, which allowed for the opening of a maximum of 11 casinos nationwide.
There are now eight casinos in operation compared with just three properties open in 2013, and as a result, the number of individual visits by players has almost doubled, jumping from 640,000 to 1.2m in 2015.
The casino sector is also still feeling the positive effects of a ban on street slot machines enacted in 2012, and their gross gaming revenues have soared from €51m in 2013 to €72m, a 41 percent increase across the two-year period.
The Hungarian casino firm Las Vegas Casino Group, which operated five land-based casinos in Budapest, is hoping to obtain a licence from the Hungarian regulator in order to launch its online casino site in the second half of 2016.
Las Vegas will be one of the only three operators allowed to offer online casinos following amendments that entered into force in late 2015, which gave land-based casinos the exclusive right to online casino gaming in Hungary.
National legislation requires customers to be at least 18 years of age and registration is required on their first visit.
Players can self-exclude upon their own request for up to two years. They can choose if the ban is 3 months, 6 months, 1 year or 2 years. Casino has to implement the ban within 24 hours. A self-exclusion of 1 year or longer can only be revoked after 7 months.
Players can self-exclude upon their request or can be excluded by court order in the National Tax and Customs Administration office for 1 year, 3 years or for a 5 year period.
It is required that a player protection toll free number should be displayed in the casino and on gaming equipment.
A prevalence study published by Ipsos Zrt. in 2010 indicated that around 1.2 percent of the Hungarian population over the age of 18 is heavily addicted to gambling. With Hungary’s population of around 9.9m, this translates to around 100,000 people.
Problem Gambling Helplines: Emberbarát Alapítvány & NAV Központi Ügyfélszolgálat (NTAC Central Office)
Legal Gambling Age: 18 Years Old
Smoking Ban: YES
Terrestrial: Multiple licences (8)
Online: Regulated (Licences are limited to land-based casino concessionaires)
Terrestrial:Table games: American Roulette with single zero, Black Jack, Ultimate Texas Hold’em, Caribbean Stud Poker, Casino War, Three card Poker, Punto Banco, Texas Hold’em Poker, Electronic Roulettes: Alfastreet, EGT, Amatic, Slot machines
Online:Casino games (House banked games eg. Roulette, Blackjack), Slot machines, Card games (Raked games eg. Poker)
Terrestrial and Online:The Gambling Supervision and the Ministry for National Economy
Size of Illegal Gambling Market:Estimated at €100m annually.
Market Protection Measures / Tools to Tackle Illegal Gambling:ISP, payment blocking and advertising restrictions are all available as tools to deter illegal gambling offers.
Currency : Hungarian forint (HUF)
(Source:The World Bank)
GNI (2014, Local Currency, Millions): 3,01,60,137
Internet Penetration (Internet Users):76.1%
(Source: The World Bank)
Mobile Penetration (Mobile Cellular Subscriptions): 118%
(Source: The World Bank)
Doing Business Ranking (June 2015):42
(Source: World Bank Group)
Last Updated: 1st September 2016