Gamers Say Hungarian State To Lose Ft 70bn
- 19 Oct 2012 9:00 AM
The shortfall in tax revenues from the ban on slot machines and electronic casinos will reach Ft 70 billion annually, gamers' association MSZSZ said in an analysis. In addition, the report estimates the related one-off costs at Ft 130 billion.
The budget will miss out on Ft 40 billion a year from the gaming tax as well as an additional Ft 2 billion in unrealised local business tax revenue, the study says.
The analysis prepared by 100 gaming operators and experts claims that the budget will fall short of Ft 24 billion revenue from personal income tax contributions and Ft 1.5 billion in corporate tax payments.
The MSZSZ further estimates that 17,000 people will lose their jobs, 5,000 at electronic casinos and 12,000 from bars.
Source: Hungary Around the Clock
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