Posted on 01 February 2013
The new Hungarian gambling legislation has introduced such high concession fees for online gaming that it could actually hinder the establishment of the market, the Remote Gambling Association said this week. The law ? which was recently submitted to the European Commission ? would put a 20 per cent tax on gross profit. The association noted that there is an agreement on the taxation of gaming revenues but said the proposed HUF 100 million (EUR 341,700) annual concession fee is irrationally high and will keep investors away from the industry, especially because state-owned lottery and gambling organiser Szerencsej?t?k will be exempt.
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Source: http://www.budapesttimes.hu/2013/02/01/online-gaming-fee-gambles-with-golden-goose/
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