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CEEGC Insights Will Enlighten the Hungarian Regulation LandscapePublished July 18, 2018 by Lee R
Hungary is reaching out to operators to usher in a new online era that will be illuminated by the knowledge shared as CEC 2018.
The anticipated insights are bubbling over in anticipation of Central European and Eastern Europe CEEGC 2018 Budapest, set for the 25th of September at the Ritz-Carlton Budapest.
Hungary Moves to New Era
With Hungary until now known for being subject to so many restrictions, CEEGC 2018 in Budapest promises refreshing array of insights brought new hope and understanding to the creation of fair licensing law in Hungary.
Dark Age Past
The struggle has been long and well known for operators seeking to enter the Hungarian market, with many operators falling by the wayside and withdrawing under Hungary’s stiff gambling restrictions for so long.
Operators of land-based casinos across the country were the only ones having any success and sustainability in obtaining licenses from local regulators to provide online casino games.
A break in the case came this year when the CJEU ruled struck down the Hungarian government’s most constrictive provisions by classifying them as “radical restrictions” of EU treaties for the free movement of services across Member States.
Signs of Life
CEEGC 2018 will build upon prominent breakthroughs this year such as Scientific Games Corporation successful launch of an online sports betting channel for Hungary’s largest gaming service provider, a Hungarian State-owned enterprise which retains exclusive rights to sell sport games as well as instant and draw-based lottery games.
As for the future of online gaming, rumours circulated through CEEGC of 2018-2019 being a period in which new online gambling legislation could be drafted in an effective form to fully transform and adapt the regulatory environment for modern times.
Key Hungarian market insights will be gleaned from the Hungarian industry from such appetizing entries as a “Focus on Central Europe – Slovakia, Czech Republic, Hungary, Poland” panel discussion led by local industry expert Gabor Helembai of Bird and Bird.
As an experienced specialist in corporate, commercial and real estate matters, Helembai’s in-depth understanding of the gambling sector is informed by his experience as a Senior Associate in the Corporate and Commercial teams in Budapest office,
With Helembai and other local movers and shakers on hand, the insights they provide at CEEGC 2018 promises to usher in the modern age of regulation in Hungary.