The process of legalization of free online slots hungary began back in 1991. Then modern laws regulating gambling market were adopted:
Act No. 34 “On Gambling” – the main act under which the gambling business is regulated both in land-based establishments and online resources;
Law No. 16 “On Concession”, which secured the exclusive right to provide gaming services to the state.
The first provider in the country was the mentioned state company Szerencsejáték. Obtained a monopoly right to provide services in the field of gambling, it was originally responsible for the management of lotteries. The control of the betting market for sports betting was provided by its subsidiary company TippMix.
In 2005, the Hungarian Minister of Finance signed Decree No. 32, the provisions of which defined the rules of gambling licensing and control. The country continued to maintain a monopoly policy. Outside companies – representatives of gambling business of other countries – did not have the opportunity to develop the Hungarian market.
The situation began to change in 2006 when the owners of Sportingbet.com appealed to the European Commission for support. The very next year Hungary received a warning about the need to open the market. Thus, the state authorities were forced to think about amending the legislation.
Subsequent changes to the law were made in:
2010. A 30% tax on poker winnings obtained in land-based casinos was introduced;
2011. Opens the market to foreign online providers;
2012. Licensing conditions for foreign operators to operate in Hungary are determined;
2013. Government authorizes licensing of 11 land-based casinos;
2015. Detailed rules of responsible gaming are published.
However, the conditions for organizing casino operations in the state are quite strict. As a consequence, foreign providers are not too eager to explore the markets.
Hungarian gambling regulator
Responsibility for free online slots hungary is entrusted to the Gambling Supervision Authority which is a part of the Hungarian National Tax and Customs Administration. The tasks of the agency are:
Licensing of gambling companies;
control over the implementation of operators’ activities and compliance with the provisions of the legislation in force;
maintenance of registers, accounting audits;
detecting irregularities in the operation of providers;
conducting appropriate investigations;
imposing fines and sanctions;
suppressing the activities of unlicensed companies.
The administration works in collaboration with the National Office of Public Relations and the National Office of Consumer Protection.
Legislation for the gaming industry is handled by the Ministry of National Economy.
Online gambling in Hungary
The activity of online casinos in Hungary is also legal. The first games for Internet resources were released in 1998 by Szerencsejáték. Since 2002, citizens of the country have been able to make sports betting via SMS.
The final changes, valid as of 2017, were made in July 2013. It was then that the state granted the right to organize online casinos to foreign operators.
The activities of gambling resources are regulated by the law “On Gambling” from 1991 and amendments made later. The monopoly right to open online casinos belongs to the state. In order to create a resource, it is necessary to obtain the appropriate concession.
The company opening the portal must have a legal address in Hungary. The validity period of the license for the organization of online resources is 5 years.
However, according to the well-known operators, the opening of online casinos in Hungary is associated with high costs. As a consequence, foreign providers did not seek licenses. Today, licensed online portals created by well-known operators are virtually absent in the country.
Online casinos in Hungary
The first licensed online casino in Hungary – the Vegas portal – opened only in February 2017. The owner of the site was the company LVC Diamond. The collection of slot machines included models of famous developers: Microgaming, iSoftBet, Play’n GO.
In April, the casino signed a cooperation agreement with Greentube. Due to this Hungarian players got access to popular slots of this manufacturer Sizzling Hot, Book of Ra, Lucky Lady´s Charm and others.
In addition, users can play roulette, video poker, blackjack, table games with “live” dealers.
The site presents a good choice of payment systems. For transactions available credit cards and prepaid cards, bank transfers, popular European EPS: Skrill, Neteller, and others.