Foreign investors who are interested in setting up a company
in the field of gambling
should be familiar with the local legislation provided by the Hungarian authorities
. The industry is regulated by the Gambling Supervisory Department (GSD)
of State Tax Authority, which issues licenses for businesses in this field. It is compulsory to receive a license
in order to carry out business activities in a legal manner. If you are interested in opening a company
operating gambling activities in Hungary
, our Hungarian company formation specialists
can provide you with further information on the main advantages of the industry.
Gambling legislation in Hungary
According to the local legislation, the Gambling Act 1991 distinguishes between liberalized and non-liberalized gambling activity.
Liberalized activities refer to the gambling places in which the operator provides only slot machines, while the non-liberalized are fully owned by the State or by a company which is owned by the Hungarian state.
The gambling legislation stipulates that a company can conduct non-liberalized activities only if the state issues a concession agreement, which will allow the company the right to carry out these activities for a specific period of time. As such, foreign investors who want to set up their businesses in the non-liberalized gambling domain should receive the authorization of the Hungarian state, which will provide a five year concession agreement.
is considered to be a non-liberalized activity, which will also include sports betting
and online casinos
. Non-liberalized activities can also refer to online horse racing bets
and online card games
; our Hungarian company formation agents
can provide you with further details on this subject.
Authorization for gambling activities in Hungary
GSD will issue the authorization to perform activities in this field as long as the operator can provide the minimum requirements specified by the Gambling Act. As such, GSD will verify the following:
• the operator provides correct information to the players;
• the operator explains the risks incurred in the gaming industry;
• the company provides protection for the players.