Hungarian regulator fines individual HUF 30m over unlicensed lottery
The Supervisory Authority for Regulated Activities (STFHZ) in Hungary has fined an individual HUF 30m for organising an unlicensed real estate lottery
The Hungarian gaming regulator has fined an individual HUF 30m for organising a real estate lottery.
The regulator warned that such activities, where real estate or cars were given away as part of a lottery, are considered games of chance, and that neither private individuals nor business associations can legally organise these games in any way.
The regulator emphasised that the law states that a game of chance is any game in which the player becomes entitled to a monetary or other prize in exchange for the payment of money, where the winning or losing depends solely or predominately on chance.