Hungary's Draconian Gambling Laws Compound Poker Players' Woes

Hungary's Draconian Gambling Laws Compound Poker Players' WoesEver since Hungary amended the Gambling Act of 1991 and introduced it’s new “poker law” on May 1st, the state of the country’s poker industry has been in turmoil with many poker club owners shutting shop and players taking their custom online to foreign poker cardrooms, instead.
Initially, Hungary’s Gambling Act of 1991 was designed to allow the government to exercise control over the country’s gambling establishments, and also redirect poker players away from their preferred poker clubs to casinos.
However, the Draconian laws passed after a December Parliamentary bill defined poker as gambling, have instead negatively affected the industry as a whole as poker players and casinos alike are now subject to a whole series of taxes making the game an unprofitable proposition.
Under the new laws, poker players will have to pay 30% taxes on any winnings, and poker clubs and casinos will have to adhere to a strict set of restrictions including a 15% limit on profits and a 30% tax on revenues. Any infractions of the laws could result in hefty fines or even a prison sentence of up to two years.
Despite Hungary prohibiting online gambling sites from operating inside the country, many poker players have now turned their attention towards playing their favourite game on external foreign owned online poker sites, in order to avoid the heavy taxes.
As the recent move to regulate gambling seems to be backfiring, it is now rumoured that the government is considering even more drastic measures to rein in the industry. The newly elected conservative based Fidesz Party in Hungary is currently believed to be contemplating a country wide ban on online gambling with even the Chairperson of Sports and Tourism, Erik Bánki hugely in favour of such a sweeping move.
As Hungary’s government gets tougher on the poker industry, they risk driving the country’s poker players further underground and creating a whole new group of potential ‘criminals.’


Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to