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#GamingInEurope #BettingLegislation 

Hungary's legal gambling market is experiencing a significant uplift in turnover, a direct result of the relentless efforts by the Regulated Activities Supervisory Authority (SZTFH). Since 2014, the SZTFH and its predecessor have been actively blocking illicit online gambling websites, effectively preventing them from reaching Hungarian players and thereby "whitewashing" the nation's online gambling landscape.

#GamingInEurope #BettingLegislation  #GambleLike_UK 

An online gambling company, Taichi Tech Limited, operating under the brand Fafabet, has been slapped with a substantial £170,000 fine by the UK Gambling Commission (UKGC). This significant penalty comes after an in-depth investigation revealed multiple regulatory failures, including the use of unfair terms and conditions within their promotions. Beyond the financial penalty, Fafabet is now mandated to undergo a third-party audit. This crucial step will scrutinize the effective implementation of their anti-money laundering (AML) and safer gambling policies, procedures, and controls.

#GamingDeals  #GamingInEurope

NOVOMATIC, the renowned Austrian gaming technology powerhouse, has officially announced the successful culmination of its acquisition of the French Vikings Casinos group. This pivotal move, coming after an exhaustive review by all pertinent licensing and regulatory bodies, is set to significantly bolster NOVOMATIC's foothold in one of Europe's most vital gaming markets. The completion of this acquisition unequivocally underscores the company's unwavering commitment to sustainable growth and strategic international diversification in the long run.