Online casino market will be divided

Even from autumn, the new regulation can enter into force, which states that only that organizer will be entitled to organize online casino game who earned a casino concession. The amendment is from Erik Banki MP (Fidesz). In seven of eight concessions, Las Vegas Casino Ltd. of Andy Vajna and Aranybonusz 2000 Ltd. of Gabor Szima have. The economy ministry doesn’t plan call for tenders for game organizing right, mno.hu said.

The proposal, under which the law would take effect on September 1, says: only players with Hungarian IP addresses are enabled to access, and the organizer has to allow the remote access for the tax authorities. The latter is justified with the verifiability of tax revenues and the protection of the players.

You can easily identify who will benefit from this on the Hungarian online casino market worth about HUF 20 billion.

The Ministry of National Economy (MNE) issued 7 casino concessions from the possible 11; 5 from Budapest to the Las Vegas Casino Ltd., belonging to the sphere of interest of Andy Vajna, and one from Debrecen and one from Nyiregyhaza to Aranybonusz Ltd. of  Gábor Szima. These concession last until 2024, the eighth from Sopron will expire at the end of the year. 75% of Casino Sopron is owned by Casinos Austria International GmbH, the rest belongs to the Szerencsejatek Zrt., and the concession cannot be extended.

Both of the two people got the licence on “truth basis”, not by a tender. For that, at least 10 years of activity and full transparency needed and the companies mustn’t have common charge payment failure. Ildiko Bango Borbely Socialist MP said, the proposal’s beneficiary is the commissioner of films, Andy Vajna, who has 5 casinos. Moreover, he doesn’t have to pay VAT after the casino revenues, which means HUF 7 billion plus income. Andy Vajna and Gabor Szima didn’t want to comment to mno.hu.