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Gambling Sector in Budapest and its Future

Niji Narayan

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Gambling Sector in Budapest and its Future
Photo Source: civitatis.com
Reading Time: 2 minutes

 

Hungary has a long and complicated history with legal gambling. Recently, significant progress has been made in opening the nation to fair and regulated gambling laws. Centered mainly within Budapest, major success stories are becoming increasingly common.

The first gambling laws to be enacted in modern Hungary were put to paper in the 1991 Gambling Act. The new rules stipulated that any gambling establishments from that point were to operate under the governance of the Hungarian officials, as an arm of state services. Since that point, laws have relaxed, allowing the opening of many gambling establishments.

The most famous ways to enjoy physical poker in Budapest are available within just a handful of locations spread all around the city. Most of these poker rooms operate within casinos which are heavily influenced by the legacy of Las Vegas, with at least four of them adopting the Vegas name within their own.

 Another option and one which has been growing steadily in Budapest over the last few years can be accessed through online poker. Again, in a strict sense the laws applying to play poker online confine those in Hungary to play on only state-operated services. Just as with physical casinos, however, these laws are relaxed as long as the casino in question is operated fairly and professionally.

In the last decade, both physical and online casinos have seen reliable growth not just in Budapest, but all over Hungary. This raises questions as to what interest the government might show in this sector in the future. At this point, the government seems content to operate a “no harm no foul” type of system. In the future though, given the growing customer base, it could be very possible that either the laws will officially change, or that state-developed casinos will see widespread adoption. Until then, both online and brick-and-mortar avenues are well represented and this does not look likely to change any time soon.

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Central Europe

Pariplay Builds Momentum in Switzerland with Swiss Casinos Partnership

George Miller

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Pariplay Builds Momentum in Switzerland with Swiss Casinos Partnership
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Deal with top operator part of planned expansion of state-of-the-art casino content into Swiss market

Pariplay Ltd., the No. 1 aggregator and content provider behind innovative products including the Fusion™ aggregation platform and the Ignite Studio development programme, continues to gain momentum in Switzerland’s growing regulated market, where it has just announced its latest partnership with the market leading Swiss Casinos, which will see Pariplay’s industry-leading casino content made available to players of the online swisscasinos.ch.

Swiss Casinos is a major player in Switzerland’s land-based casino space, operating four casinos in Pfäffikon SZ, Schaffhausen, St. Gallen and Zurich, which collectively generated a gross gaming revenue of CHF 153 million in 2019. Swisscasinos.ch, provides gambling enthusiasts with an exciting range of casino table games, video poker and slots with the biggest jackpots, all tailored to Swiss players.

Swiss Casinos marks the third Swiss operator Pariplay has partnered with since obtaining its ISO certification earlier this year. Pariplay’s top tier Swiss-certified casino content will complement swisscasinos.ch current offering, including popular titles like Dragons of the North, Mystery Fox and Wolf Riches, all of which have already proven to be player favourites throughout regulated Europe.

Patrick Mastai, Director of Online Casino at swisscasinos.ch said: “Watching the enthusiasm generated by Pariplay’s renowned casino content across a range of markets, we’re thrilled to have the opportunity to collaborate with them moving forward. Our main objective is to provide our Swiss players with pure entertainment at the highest level, and we believe Pariplay’s portfolio of games can help us achieve just that.”

Christine Lewis, CCO at Pariplay, said: “Partnering with a brand as prominent as Swiss Casinos is very exciting and a huge opportunity for our game studio to become a mainstay of the Swiss market, where we have been focusing on developing a strong presence since our certification earlier this year. We’re confident that our innovative content will entertain Swiss slot enthusiasts and look forward to playing an increasing significant role in the market’s sustained growth.”

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Central Europe

Habanero one of first to go live in newly regulated Germany

George Miller

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Habanero one of first to go live in newly regulated Germany
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Supplier launches with Löwen Play following social casino success

  Premium slots and table games provider Habanero has staked its claim in Germany as one of the first suppliers to go live under the jurisdiction’s newly regulated framework.

The provider’s immersive social casino offering has already proved popular in the country, having recently debuted earlier this year in partnership with Löwen Play GmbH.

Germany-based players can now also enjoy Habanero’s acclaimed real-money games catalogue, shortlisted for both SBC and EGR awards, which launched in the territory on October 15th, the day that its online gaming market formally opened.

The content developer’s German debut follows an impressive series of agreements it has signed with globally renowned operators such as Marathonbet and Bet365, as well as Southern European leaders including SuperSport and Lottomatica.

Arcangelo Lonoce, European Head of Business Development at Habanero, said: “Germany is set to become one of Europe’s most important markets in the coming years, so it’s fantastic that our hit games went live on the day its regulatory framework came into effect. 

“Our partnership with Löwen Play has been of strong mutual benefit, and we anticipate that the company will continue to go from strength to strength in Germany and beyond.” 

Tal Zamstein, Managing Director at Löwen Play’s Digital Unit, said: “Habanero’s world class portfolio has already been hugely successful with our social casino outlet, so we are thrilled to introduce players to its celebrated real-money catalogue.  

“Recent months have seen the studio further strengthen its position among Europe’s fastest-growing suppliers, and we have no doubt that it will continue to attract new audiences going forward.” 

 

 

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Central Europe

Zeal Network Raises Fiscal Year Guidance After Strong Q3 Performance

Niji Narayan

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Zeal Network Raises Fiscal Year Guidance After Strong Q3 Performance
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German lottery provider ZEAL Network has raised its fiscal year guidance after posting better than expected preliminary results for Q3 2020.

Supported, among other things, by the good jackpot development of the German lottery Lotto 6aus49 in Q3 2020, the continued high marketing investments led to a growth in billings, revenue and new registered customers that exceeded expectations.

Due to the increased marketing investments of €25.3m (2019: €17.9m) to acquire new customers, ZEAL was able to gain 787,000 new registered customers in the German segment in the first nine months of 2020 alone, with a preliminary CPL of €27.58.

According to preliminary calculations, billings increased by around 42% to €471.8m in the first nine months of 2020 (2019: €332.6m). The German segment contributed a preliminary €470.9m to this.

In a year-on-year comparison, it should be noted that ZEAL 2019 offered additional products in the secondary lottery business which were discontinued in October 2019 due to the business model change. Moreover, Lotto24’s online lottery brokerage business has only been part of ZEAL Group since 14 May 2019. The Lotto24 billings up to that date were, therefore, not included in the previous year’s figures.

Due to the expected revenue dis-synergies in connection with the business model change, revenue decreased by a preliminary 31% to €63.9m (2019: €93.2m). Similar to billings, revenue in the first nine months of 2019 still included the secondary lottery business, but not Lotto24’s online lottery brokerage business up to 14 May 2019. Revenue in the German segment amounted to a preliminary €57.8m in the first nine months of 2020.

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