Budapest – 17 July 2018 –The online gambling industry in Central Europe is the subject of many restrictions. This is the situation especially when it comes to regulation the market and creating a fair licensing law.
For years operators have been struggling to enter the market, but not many have succeeded as under Hungary’s gambling regulations, only operators of land-based casinos across the country are able to obtain licenses from local regulators to provide online casino games. CJEU ruled against Hungary this year that the particular provision in the country’s gambling law represents a “radical restriction” of EU treaties for the free movement of services across Member States.
If we take a look on the service provider side, it hasn’t been subject of such restrictions. Earlier this year, Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announced that it has successfully launched an online sports betting channel for SzerencsejátékZrt., the largest gaming service provider in Hungary. SzerencsejátékZrt. is fully owned by the Hungarian State, has the exclusive right to sell sport games as well as instant and draw-based lottery games.
If we take a look at the land based industry, things are also positive. Just recently, EGT has launched its T-Line touch table live roulette multiplayer in Hungary. This is the first time this model is installed in the country.