Hungary is to have its first ever licensed online casino thanks to a contract drawn up between Finnish gaming platform provider Finnplay and land-based operator Las Vegas Casino Diamond.
The Finnish bookmaking operation has entered the Hungarian gambling industry by agreeing to provide an online casino platform for the established Las Vegas Casino Diamond company.
The Las Vegas Casino Diamond establishment is a top casino operator within Hungary. It has been operating in Budapest since 1992, providing land-based casino services for Hungarian recreational gamblers and they now plan to launch the first licensed online casino in in the country later this year.
In October 2015, Hungary introduced new legislation to allow land-based casino licence-holders within the country to offer online casino games to register customers. In doing so, the state restricted iGaming licences to be granted only to land-based casino licence holders, which has limited the country’s online casino market. A number of other provisions were also introduced, such as rules allowing for online poker liquidity to be pooled by a number of different poker room operators (and substantial fines for any breaches of the law).
Online casino entertainment is a huge industry in Europe and has millions of recreational players across the continent using these services every day. Players are attracted by exciting games and slots as well as attractive rewards and lucrative sign up Casino bonuses for new customers.
Finnplay has claimed that its new contract with the Las Vegas Casino Diamond company will definitely provide the best possible online casino playing experience for Hungary’s first online casino.
Finnplay chief executive Martin Prantner has stated that: “We are delighted to be the casino technology partner for the Las Vegas Casino in the regulated Hungarian market”
“They have an incredibly strong brand in the land-based market, and we look forward to supporting their business growth across the digital channels.”
Meanwhile, the executive director of the Las Vegas Casino Company, Samuel Falconello Jr, has commented that said: “Finnplay is a recognized, flexible provider of online gaming platforms and has experience in several licensed markets”
He went on to say that, “given their outstanding technical expertise, and their understanding of the Hungarian market, Finnplay is the perfect partner for us in this venture. After acquiring the required permits from the authorities, Las Vegas Casino plans to launch its online casino later this year.”
The Las Vegas Casino Diamond group has assured players that their key objective was to ensure the most satisfying online casino experience possible.