gaming industry
March 02, 2010, 09:44 CET
Hungarian slot machine operators crap out as gaming revenues continue to plunge
Longtimers here in Hungary may recall an era when every other new business on the streets of places like Budapest seemed to be gaming halls. Well, that era now seems to be over. According to piacesprofit.hu, revenues for members of... [read complete entry]
December 17, 2009, 09:40 CET
Hungarian state "wagering" almost Ft 1 billion on horse-racing firms
The State Asset Manager has agreed to provide Ft 840 million in funding in four equal installments to Hungarian horseracing companies. The transfer and use of state money will be overseen under strict guidelines. The key to the future of... [read complete entry]
May 12, 2009, 12:14 CET
MPs in bid to tax basement poker
Now that the government has passed its latest tax amendments - which, among other things, raises the basic VAT rate to an eye-watering 25% - you may be wondering where else they will be looking for revenue. Here's one place:... [read complete entry]
March 23, 2009, 03:45 CET
Hungarian state lends tycoon money to bet on Russian lottery
News of the Hungarian state's bankruptcy may indeed be premature, because it seems that the publicly-owned Hungarian Development Bank (MFB) has enough loose cash to lend €82 million to a local tycoon - so can buy a lottery company in... [read complete entry]
March 23, 2009, 10:13 CET
MKB Bank increases stake in firm building Budapest "Dream Island" complex
Hungary's MKB Bank raised its indirect stake in Alomsziget 2004, a company building an entertainment centre at Hajogyari Island, a Danube island in northern Budapest, from 29.88pc to 43.33pc under an agreement signed on March 19, 2009, the bank said... [read complete entry]
December 12, 2008, 08:17 CET
Environmental impact study could delay €700 million "Eurovegas" project
The deadline for the start of operation of a EUR 700m casino complex to be built near Hungary's border with Austria could be overstepped if Austria demands an environmental impact study for the project, business daily Vilaggazdasag reported on Thursday.... [read complete entry]
November 13, 2008, 08:45 CET
Casinos crap out as "sports associations" game rules to host poker tournaments
Unlicensed poker organizers are operating as sports associations to dodge taxes on tournaments where up to Ft 500,000 (€2,000) change hands on a weekend, writes Inforadio.hu.... [read complete entry]
October 27, 2008, 12:13 CET
Bingo set to make Budapest comeback
A bingo salon will open at Budapest's Árkád mall (District XIV) before the end of this year, reports Napi.hu (subscriber only). The operator of the salon, to be connected to a restaurant, will be a Hungarian private company, while state... [read complete entry]
October 10, 2008, 09:46 CET
Activists in drive to shut down Hungary's only safe investment market
Hungary's stock market - like those around the world - is in the grip of a terrifying, near-total meltdown, with the Budapest Stock Exchange's (BSE) benchmark BUX index now down roughly 50% off its 52-week highs. And it's not just... [read complete entry]