Hungary’s sports betting and lottery monopoly, Szerencsejáték Zrt, has been forced to change its leadership ranks. On Tuesday, Andrea Mager announced her resignation as Chair and Chief Executive of Szerencsejáték Zrt, with immediate effect. By order of Prime Minister Viktor Orbán, Mager will become a member of the Monetary Council of the Hungarian National Bank (MNB), effective from 5 March. …
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EveryMatrix has proclaimed its “best financial results in its 16-year history” as the igaming and sports betting technology group sets new growth and profitability records. Publishing its Q4 and full-year results, EveryMatrix registered a 75% increase in FY2023 consolidated net gaming revenues (NGR) of €114m (FY2022: €65m). Headline growth reflects EveryMatrix expanding its key client base across all products and …
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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 …
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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 …
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Major operators from 17 different jurisdictions are using next month’s Betting on Football conference as the perfect opportunity to meet and discuss the future of sports betting in their sector. The European Lotteries association (EL) will host a meeting for members of its Sport Working Group in London on Tuesday 19 March, which is part of the wider Betting on …
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Nasdaq-listed industry technology provider, Scientific Games Corporation (SGC) has expanded its existing relationship with Hungary state-owned gambling operator Szerencsejáték Zrt, upgrading its full services portfolio. A client of SGC since 1997, Szerencsejáték Zrt will upgrade its gambling systems to a new omni-channel framework servicing its digital verticals and active 5,000 retail betting points. The upgrade sees Szerencsejáték Zrt further install …
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