BetStars becomes the first foreign operator to enter the Czech market

6 Nov 2017
 

betstars-czech-republic_1Betstars  has taken a decisive step into global expansion after becoming the first international bookmaker to obtain an online gaming licence in the Czech Republic.

According to the new Czech law that came into effect as of January 2017, online bookmakers have to pay a 35% GGR tax on annual revenues. This led to the exodus of well know firms like William Hill and GVC Holdings.

Following this exit, the Stars Group, the Canadian parent company of BetStars, believe that reduced competition will offer them a great chance to prevail in the Czech market.

This step was not taken blindly as it is a direct follow up to the PokerStars brand, that also entered the local market a few months ago.

The BetStars entrance in the Czech Republic has been officially confirmed by the Ministry of Finance that announces the details of all the licensed providers of the e-Gaming services in the country.

 

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS