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Opening of the Hungarian sports betting market and licensing conditions

Hungary's parliament introduces online gambling law that opens up the market to private online operators, ending the current state monopoly on sports betting.

The long-standing state monopoly on online sports betting in Hungary ended on December 18, 2022, when the final changes to the Implementing Decree of the Hungarian Gaming Authority (SARA) were published. Basically, only one element was missing: the forms through which the European Economic Area (EEA) (“EEA Operators”) can submit their applications for online sports betting licenses. Adopted on 22 July 2022, the new regulation … Continue

Senator Jeremy Miller to introduce sports betting bill in Minnesota

The Office of Senator Jeremy Miller (R-Winona) unveiled details of the plan to introduce the Minnesota Sports Betting Act. “It’s time to authorize sports betting in Minnesota,” Miller said, “As other states move to authorize sports betting, Minnesota is falling behind. We are the only state in the region where it remains fully illegal to bet on sports. The Minnesota Sports Betting Act is a … Continue

Obtain a gaming license in Kahnawake 2023

The Kahnawake gambling license is widely regarded as one of the most reputable licensing jurisdictions among operators due to its widely-respected regulatory authority and zero-percent taxes. This article is here to guide you through the maze of bureaucracy and the lists of documents required to apply and obtain the online gaming license in Kahnawake. We can help you obtain your Gambling License +40773939033 +17788192518 +40773939033 … Continue

Cryptocurrency company establishment in Costa Rica

Cryptocurrencies are becoming more attractive to more and more people, and cryptocurrency businesses are thriving in many countries around the world. Costa Rica is one of these countries, where such companies can be incorporated without too much hassle, as it is not necessary to obtain a crypto exchange license. Although this sector is not regulated by a specific law, the establishment of a cryptocurrency company … Continue

Tax benefits for establishing a holding company in Romania.

In practice, there are groups of companies established by entrepreneurs, which were created ad hoc, exploring and exploiting business opportunities. Thus, inevitably, any entrepreneur who owns several entities, ends up wondering and analyzing the benefits of establishing a holding. The main question is, especially, where to establish such a company. Is Romania a favorable jurisdiction in this sense? The end of 2022 represents a good … Continue

How do sites get blacklisted and what are the steps to follow to get legal

Opened in July 2015, the Romanian gambling blacklist includes today more than 1,383 domains that are, or were at one time, used to provide unlicensed betting. Although some sites still slip through the ONJN net, the list is quite complete to help users avoid fines of up to 10,000 RON and the complications of a tax investigation, associated with placing bets on unlicensed platforms. The … Continue

GO no. 15/2022: modification of the licensing and authorization fees for gambling organizers

Government Ordinance no. 15/2022 amends and completes the Government Emergency Ordinance no. 77/2009 regarding the organization and operation of gambling and was published in the Official Gazette no. 716 of July 15, 2022 introducing the following changes: Contact Us to Start Your Gaming Company Today Szilaghi Consulting has worked in the gaming business for over 18 years. Contact us today to find out how we can assist you … Continue

Government of India creates rules for online gambling

The Indian government creates rules for online gambling and has established a number of “self-regulatory” bodies to manage the sector. India’s Ministry of Electronics and IT has issued a series of amendments to its information technology rules (Interim Guidelines and Digital Media Code of Ethics) to address online gambling. According to the published rules, an online game of chance is defined as any game played … Continue

Gambling companies have to pay the new culture tax.

Gambling companies will be obliged to pay a new tax for culture, according to Law 286/2022, which is in force from November 3, 2022. But gambling consultants draw our attention to the fact that in the absence of procedural rules, the application of this regulation vague will be difficult to apply. Thus, the new law establishes that all gambling companies must pay a contribution of … Continue

Where is legal the online gambling in 2023

In 2022, the global online gambling market grew from USD 73.42 billion in 2021 to USD 81.08 billion at a compound annual growth rate (CAGR) of 10.4%. The online gambling market is expected to grow to USD 115.13 billion in 2026 at an average CAGR of 9.2%. Widespread smartphone adoption along with improved internet accessibility is driving the online gambling market. Globally, in most countries, … Continue

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