Betstars 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.