Tag Archives: Hungary

Hipther’s Gaming & Tech Conference in Prague shedded some light on the gambling developments around Central Europe, as experts determine a somewhat static picture across key markets.  One of the panels saw moderator Dan Iliovici, who is the VP of Rombet, handing over the mic to Gábor Helembai, Legal Counsel at TaylorWessing, to shed insights and opinion on the most …

The government of Hungary has been warned that legal challenges persist on the terms of the Gambling Act (1991), despite recent amendments to liberalise remote gambling services.    The notice came from a report submitted to the Economic Chamber by Biró Marcell, the Chairman of the Supervisory Authority for Regulated Activities (SZTFH). SZTFH is the Hungarian supervisory body for regulatory and …

The Supervisory Authority for Regulated Activities of Hungary (SZTFH) has announced that starting from July 1, it will initiate a campaign of enforcement against unlicensed online gambling businesses. Updating relevant parties, SZTFH states that from 1 July it will be granted new regulatory powers to monitor illegal transactions. These powers have been granted under Hungary’s new “Act of the Reorganization …

EveryMatrix cites that it has achieved its ‘highest growth in company history’ as all business segments deliver on record financial performance and profitability.  Publishing its Q1 trading report,  the B2B igaming technology group achieved a net revenue of €23.5m, representing a 69% 2022 comparatives and a subsequent 21% Quarter-on-Quarter increase – to mark EveryMatrix’s sixth consecutive quarter of headline revenue …

 New ‘technical measures and reforms’ specific to how sports betting businesses can operate will be introduced to Hungary’s Gambling Act (1991). The amendments have been drafted by SZTFH, the Supervisory of Regulatory Affairs which oversees policy development for gaming, tobacco, cyber-security and insolvency practices.   SZTFH reforms are required due to Hungary adopting new legislation in 2022 to liberalise the country’s …

EveryMatrix has confirmed the promotion of Tor Skeie to Chief Executive of its OddsMatrix sportsbook division.  Skeie, the former Head of Product Development, will be responsible for overseeing OddsMatrix business which recorded a 28% year-on-year gross profit growth in 2022, and has secured several high-profile clients, including bet-at-home AG,  the DACHS market bookmaker which replaced its legacy platform with EveryMatrix …

EveryMatrix has secured a major commercial initiative, having won the public tender to serve as the lead sports betting software provider of Szerencsejáték, the operating firm of the Hungarian state lottery. Awarded the tender, EveryMatrix will be charged with building a new end-to-end advanced sports betting product for TippmixPro, Szerencsejáték’s online sportsbook brand. All functions and components of TippmixPro will …

Malta has become the first EU member state to submit a ‘detailed opinion’ on Hungary’s draft proposals to reform its online gambling laws, ending its state-owned monopoly regime. Last February, the government of Hungary notified the European Commission (EC) of its plans to review draft proposals that will establish a new regime liberalising its domestic online gambling marketplace. Back in …

To the surprise of industry observers, Hungary’s parliament will review draft legislations aiming to liberalise the nation’s sports betting market. Regulus Partners reviews the market clauses proposed by drafts legislations to envision how Hungary’s sports betting regime may take shape post its full monopoly status…   Hungary is one of the few countries remaining in the EEA which has an online …

Two pieces of draft legislation have been submitted to the Hungarian Parliament with the goal of liberalising the country’s betting market, effectively ending the monopoly of the state-operated Szerencsejáték Zrt. The legislation, titled no. 2022/66/HU and no. 2022/67/HU respectively, seek to establish a licensing regime for private operators based on two previous European Court of Justice (CJEU) decisions in favour …