Czech Republic iGaming sector plagued by taxes & bureaucracy

22 Jun 2017
online gaming czech republic igamingNot everything is going as planned for the Czech Republic online gambling authorities, as a mixture of high taxes and bureaucracy have kept foreign operators from investing in the local market. As things stand, Pokerstars is the only foreign owned poker operator, as PartyPoker recently decided to not opt for a license. William Hill had followed the same path a few months earlier, as the extravagant taxes had made investing in the Czech Republic iGaming sector commercially unviable. The Ministry of Finance has hinted that around 10 foreign operators have already applied for a licence and asked for patience before the licenses are reviewed and eventually awarded. Needless to say, the two year review clause on the Gambling Act, has offered more concerns than reassurances to the online betting sites and casinos. According to Tereza Cejpova, head of the legal and methodology unit at the State Oversight Over Gambling Department of the Ministry of Finance: "Usually the foreign applicants have two main issues. The first of them is the face-to-face verification as a primary verification principle and the other one is that our procedures are formal and time consuming.”

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The United Kingdom Gambling Commission (UKGC) has announced the suspension of the licenses of two online operators with immediate effect, as they fail...

Read more »

The sports betting technology provider SBTech has been targeted by hackers and that led to the disruption of access to several bookmakers that use its...

Read more »

The Danish state-owned gambling operator Danske Spil has announced a record net profit for 2019 and at the same time the local gambling regulator, Spi...

Read more »

Both UK and Gibraltar gambling regulators decided to suspend the licenses of Addison Global Limited, the operating company of online bookmaker MoPlay,...

Read more »

The United Kingdom Gambling Commission has forced the online betting exchange Matchbook to freeze its UK betting and casino activity; after temporaril...

Read more »

The shareholders of GVC Holdings have voted and approved the relocation of the company’s headquarters and tax residence from the Isle of Man to the UK...

Read more »

The world no. 1 chess grandmaster Magnus Carlsen has signed a sponsorship deal with Unibet, that will make him the global brand ambassador of the famo...

Read more »

The federal states of Germany have reached an initial agreement regarding the establishment of a new draft interstate treaty on the regulation of all ...

Read more »

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »