Hungary to House New Casinos

29 July 2013

The gambling industry in Hungary has been legal since the nation passed the Gambling Act of 1991, this country offering almost all forms of gambling within its territory. At this moment, the Hungarian government is discussing whether they should expand the industry by allowing new casinos in the country, in order to reduce illegal gambling operations. This comes as a consequence of the fact that the European country banned slot machines in 2012 and, since then, gamblers were driven to the industry’s black market, causing a drop in tax revenue of no less than €11million by the beginning of 2013.

The proposal which will legalize new casinos has been presented by Mihály Varga, the Minister for National Economy, who expects that this endeavor will allow the development of 10 Class II gambling establishments which will house slot machines. Lawmakers are saying that the legalization of slot machines will boost the country’s gaming tax revenue and will provide employment opportunities.

Since last year, the country’s slot machine market has been dominated by illegal operators who imported these kinds of machines from neighboring countries. CasinoWebScripts, the leading company who offers cheap casino solutions, will follow this story closely and provide their readers with the latest gambling news.

29 July 2013

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