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State lottery company plans on-line developments

State-owned lottery company Szerencsejatek Zrt plans to develop its TippMax and TippMix games to the level of on-line betting agencies, the daily Nepszabadsag said at the weekend.

The step would create competition for international betting agencies, the newspaper said.

Szerencsejatek President and CEO Kalman Szentpetery said the tender aimed at such developments is waiting for approval of the owner National Asset Management Company (MNV).

Szentpetery noted that the move would not involve the launching of new games such as on-line poker, which is not permitted by the regulations in force.

Currently, the sports betting games TippMax and TippMix offer 255 betting chances at a time compared to up to thousands offered by on-line betting agencies.

Quoting estimates, the paper said on-line betting agencies could have turnover of HUF 50 billion-60 billion on the Hungarian market.