Connect with us

99.9% uptime sounds reliable, until you realise it means 8+ hours of downtime a year. For an iGaming operator, it is a business threat. One hour offline during a major promo can erase months of planning, budget, and player trust. Multiply that by eight.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Central Europe

Andy Vajna wins operating licence for Hungary’s 1st online casino

Published

8 years ago

on


vegas.hu
Reading Time: 2 minutes

An interest of Hollywood movie producer Andy Vajna, turned government commissioner in charge of Hungary’s film industry has been granted the operating licence for Hungary’s first ever online casino by the National Tax and Customs Office (NAV). LVC Diamond Ltd. told state-owned news wire MTI on Tuesday that player registration will soon start on the website. MTI somehow forgot to mention the relationship between the company and Andrew G. Vajna.

The operating licence is valid until 31 December 2024, according to data published on the website of the NAV. MTI also reports that gamblers could pay with their plastics, pre-paid cards, bank transfers or even e-wallet, and will be able to sue 24/7 online customer services both in English and Hungarian.

Las Vegas Casino Group, has been operating five casinos in Budapest in the last two years. It was the first to receive concession from the National Economy Ministry in agreement with the National Development Ministry in 2014.

vegas.hu

Las Vegas Casino Group posted HUF 14.34 billion revenue in 2015, when its after-tax profit amounted to HUF 4.1 bn.

The announcement wasn’t really a surprise, because the amended gambling law which came into effect in October 2015 stipulated that only those may operate casinos that have obtained a licence from the Hungarian state.

Andy Vajna is operating his casinos in a rather complex web of businesses. Las Vegas Casino Ltd. is owned by Luxembourg-based Las Vegas Casino s.á.r.l., which is owned by another Luxembourg-based company, AV Investments s.á.r.l. (AV aka Andy Vajna).

Although the casino website, www.vegas.hu is not yet fully functional, we’re already eagerly waiting for it’s official launch.

Related Topics:

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Advertisement
Advertisement Boomerang Partners set the bar for affiliate partnerships. Their high-performing brands, clear communication, and proactive team have made a massive impact on our results. We’ve seen incredible growth—thanks for being such a stellar partner!

Trending (Top 7)

Discover the Magic of EuropeanGaming.eu – Your Gateway to the Gaming Universe

At the heart of the ever-evolving gaming and gambling industry lies EuropeanGaming.eu, a trailblazing online platform that has become the go-to destination for industry professionals, enthusiasts, and stakeholders. As part of HIPTHER, we’re redefining how the gaming world connects, informs, and inspires.

More Than News – A Hub of Insight and Innovation

Reaching over 300,000 readers monthly, EuropeanGaming.eu goes beyond headlines to deliver compelling stories, expert insights, and the latest industry news. From regulatory updates and compliance breakthroughs to the pulse-pounding world of esports and technological advancements, we provide comprehensive coverage of the topics that matter most:

  • Online and Land-Based Gaming
  • Betting and Esports
  • Regulatory and Compliance Updates
  • Cutting-Edge Technology in Gaming

Whether it’s daily news, exclusive interviews with industry leaders, in-depth event reports, or press releases that set the tone for the future, our content resonates with a global audience while maintaining a focus on Europe’s dynamic gaming market.

Bringing the Industry Together

Our impact doesn’t stop at digital content. EuropeanGaming.eu is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Why EuropeanGaming.eu?

At HIPTHER, we believe in empowering the gaming community with knowledge, connection, and opportunity. EuropeanGaming.eu embodies this spirit by serving as a one-stop resource for the latest trends, market developments, and global perspectives. Whether you’re an industry veteran, a rising operator, or a gaming enthusiast, this is where you find the stories that drive progress.

Get In Touch

Let’s shape the future of gaming together!

Copyright © 2015 - 2025
European Gaming is proudly part of HIPTHER. Registered in Romania under Proshirt SRL, Company Number: 2134306, EU VAT ID: RO21343605.
Office Address: Blvd. 1 Decembrie 1918 nr.5, Târgu Mureș, Romania

Join us as we celebrate a decade of delivering excellence and embrace the magic of what’s to come in 2025 and beyond!

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.