Monday, July 05, 2004

Sportingbet falls foul in Hungary

Online gambling runs foul of local laws

Sportingbet - one of the largest internet betting companies launched its hungarian language service in mid-may.

However, the Gambling Supervision out there reckons it violates the Hungarian Gambling Act since it hasn't been given official approval - even if its just marketing and advertising for gambling.#

Hungary has a state-owned gambling monopoly, Szerencsejatek Rt that turnsover E488 million p/a with most of the revenue coming from lottery. They do run online services, but claim only 0.2% of revenue comes through the internet

Sportingbet claims they have 5000 Central European customers, of which 500 are from Hungary. They estimate that 50,000 people regularly bet online in Central Europe and that number is steadily increasing

posted by jo @ 5:55 PM   0 comments

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