Hungary’s Economy Ministry Issues Seven Casino Permits

  • 7 May 2014 9:00 AM
Hungary’s Economy Ministry Issues Seven Casino Permits
The Economy Ministry has issued seven permits to operate casinos in Hungary. The ministry said the casinos will each pay an annual concession fee of 4 billion forints (EUR 13m) and are expected to each generate around 1 billion forints in VAT revenue per year as well. It added that the casinos will also create jobs and increase tourism.

Five of the seven casinos are located in Budapest and surrounding Pest County, while the other two casinos are located in the cities of Debrecen and Nyíregyháza in eastern Hungary. The permits are valid for a maximum of ten years.

Source www.hungarymatters.hu

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