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Unlicensed Lottery Run by Hungarian Resident Results in $87K Fine

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The penalty is imposed at a time when lotteries involving valuable items like cars or real estate are gaining popularity.

The Hungarian Supervisory Authority for Regulated Activities (SZTFH), responsible for overseeing gambling operations, has announced the imposition of a substantial fine against an undisclosed individual for organizing an illegal real estate lottery. The individual, whose name was not disclosed, has been fined HUF 30 million ($87,000). The SZTFH reaffirmed its dedication to investigating and penalizing any instances of illegal or unlicensed gambling, with fines for organizers ranging from HUF 500,000 to HUF 100 million.

“The Supervisory Authority for Regulated Activities has recently issued a statement confirming the imposition of a HUF 30 million fine on a private individual for organizing an unlicensed real estate lottery,” stated the SZTFH.

Furthermore, the SZTFH highlighted that unlicensed gambling is a criminal offense that can result in up to three years of imprisonment for organizers, in addition to fines. The Authority also takes measures to protect consumers from illegal gambling advertisements, and individuals involved in the ads, publishers, and advertising service providers may face fines if found in violation.

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The Authority emphasized that in unlicensed gambling, players participate at their own risk, as the Authority lacks the power to enforce prize payouts, and the legal enforceability of claims in court may be uncertain.”

A Surge in Popularity for Lotteries Is Evident

The Supervisory Authority has recently noted a notable uptick in interest in real estate and high-value item lotteries, some of which may involve notaries. However, the Authority has emphasized that the involvement of a notary does not automatically make such raffles or lotteries legal.

Referring to existing regulations, the Authority clarified that raffles or lotteries are considered games of chance where participants have the opportunity to win cash or other prizes with monetary value in exchange for money. As such, they are classified as regulated activities. Accordingly, businesses, organizations, or associations are prohibited from offering legal games of chance without proper licensing and authorization, as reiterated by the SZTFH.

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Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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EMEA

Danish Regulator Resolves ROFUS Glitch, Ensures Player Protection

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Restoring Trust: Danish Regulator Rectifies Self-Exclusion Error to Safeguard Players

Attention all players and stakeholders in the Danish gambling landscape! Prepare to delve into a critical juncture as the Danish gambling regulator, Spillemyndigheden, embarks on a mission to rectify a grievous error in the national self-exclusion platform, ROFUS. In a bid to fortify player protection and uphold the integrity of the gambling ecosystem, Spillemyndigheden navigates through turbulent waters, confronting challenges head-on to ensure a resilient and trustworthy gaming environment. Join us as we unravel the intricacies of this pivotal moment, poised to redefine the contours of player safety and regulatory compliance.

Rectifying the ROFUS Glitch

Identifying the Error In a startling revelation, Spillemyndigheden unveils a critical flaw in the ROFUS platform, jeopardising the efficacy of the self-exclusion mechanism. The error, which affected the renewal process, resulted in approximately 1,200 registered players gaining unauthorised access to gambling activities at land-based casinos and gaming machines. This egregious oversight struck at the heart of player protection, underscoring the imperative for swift and decisive action.

Addressing Player Concerns Faced with mounting complaints from affected players, Spillemyndigheden swiftly mobilised to redress the grievance and restore faith in the integrity of the self-exclusion system. By implementing comprehensive changes to the ROFUS platform, Spillemyndigheden endeavored to rectify the glitch and fortify the safeguards against potential breaches. Furthermore, the regulator demonstrated transparency and accountability by promptly reporting the incident to the Danish Data Protection Agency, affirming its unwavering commitment to regulatory compliance.

Spillemyndigheden’s Assurance

A Commitment to Excellence In the aftermath of the tumultuous episode, Spillemyndigheden issued a resounding declaration of its unwavering commitment to excellence in service delivery. Describing the incident as “regrettable,” the regulator pledged to redouble its efforts in ensuring the stability and reliability of the ROFUS platform—a cornerstone of player protection in the Danish gambling landscape. Through meticulous oversight and proactive measures, Spillemyndigheden endeavors to cultivate a culture of trust and accountability, placing player welfare at the forefront of its priorities.

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Navigating Through Challenges: Insights from Gambling Revenue Trends

A Landscape in Flux Against the backdrop of regulatory developments, the Danish gambling industry witnessed modest growth in revenue during the fiscal year 2023. With total gambling revenue rising by 1%, amounting to DKK 6.8 billion (€912 million), the industry grappled with dynamic shifts in consumer preferences and market dynamics. Notably, the burgeoning popularity of online casino gaming emerged as a dominant revenue driver, accounting for 45.28% of all Gross Gaming Revenue (GGR), underscoring the evolving landscape of digital gaming experiences.

Trends in Gambling Preferences and Player Behavior

Insights from Regulatory Data Delving deeper into the regulatory data provided by Spillemyndigheden, a nuanced understanding of player behavior and preferences emerges. Despite a marginal decline in betting revenue, online casino gaming experienced a robust surge, with revenue escalating by 5.95% compared to the previous year. This paradigm shift underscores the burgeoning appeal of digital gaming platforms, driven by factors such as convenience, accessibility, and a diverse array of gaming offerings.

Promoting Responsible Gaming: The Role of Self-Exclusion Systems

Upholding Player Welfare As the number of individuals enrolled in the ROFUS self-exclusion system continues to proliferate, Spillemyndigheden reaffirms its steadfast commitment to fostering responsible gaming practices. With over 46,000 individuals enlisted in the program, encompassing both permanent and temporary registrations, the regulator remains vigilant in its efforts to mitigate the adverse effects of problem gambling and provide essential support services through initiatives such as the StopSpillet gambling helpline. Through collaborative endeavors and proactive interventions, Spillemyndigheden endeavors to cultivate a culture of responsible gaming, safeguarding the well-being of players and ensuring the sustainability of the Danish gambling industry.

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