Zona de Azar Hungary – Hungarian Prime Minister Renews Close Associate’s Budapest Casinos Until 2056

Hungary.- September 09, 2021 www.zonadeazar.com In an unprecedented but entirely legal move, Hungarian Prime Minister Viktor Orban has extended one of his main supporter’s Budapest casino licenses until 2056.

The casinos are owned by Las Vegas Casino Group and operated by Diamond Gaming Casino. The extension of the five casino licenses, which were due to run out in 2024, have been confirmed on the government gaming authority’s website.

LVC Diamond is owned 60 per cent by Istvan Garancsi, who owns companies in the construction sector and is a personal friend of President Orban’s, and 40 per cent by Kristof Szalay-Bobrovniczky, who is married to government spokeswoman Alexandra Szentkiralyi.

An amendment to Hungarian gaming law meant that the extensions didn’t need a tender, just a bidding process in order to go through. The casinos in question are the Atrium at the Eurocenter, the Corvin on the Promenade, Sofitel and the Tropicana casinos. They are believed to generate revenues of 10bn forints a year.

Edited by: @_fonta  www.zonadeazar.com