The Hungarian parliament yesterday adopted legislative amendments which provide for more severe penalties and enforcement measures to tackle unlicensed online gambling.
Submitted only three days ago, the proposed amendments were passed under an emergency procedure at the request of the deputy prime minister, Zsolt Semjén.
The amendments are as follows:
• While financial services providers are currently prohibited from facilitating payments for illegal gambling in Hungary, the amendments strengthen requirements to block the processing of stakes and winnings connected to unlicensed gambling.
• Fines for advertising unlicensed gambling may now reach up to HUF10m (€32,600).
• A ten-fold increase in the fines available where internet service providers fail to comply with the regulator’s blocking orders, with penalties now set to range between HUF1m (€3,260) and HUF5m (€16,295).
• Player verification requirements have also been updated.
Once signed into law by Hungary’s President, the amendments will take effect from the day after they are published in the official gazette.