William Hill exits from Czech Republic

30 Dec 2016

Czech RepublicBig changes are happening the last days in Czech Republic due to the implementation of a new high-tax Gambling Act. The first to exit the market is the bookmaker William Hill and they suggested to their players and the affiliates to withdraw any positive balance they have. With a statement they published just yesterday, they mentioned: "We would like to inform you, that following recent regulatory developments in Czech Republic, William Hill will cease to accept business from customers in this territory. This means that none of William Hill’s products will be available in Czech Republic. Though players will be able to withdraw from their existing account balances."

According to the new Act that is going to pass to Czech Republic, even bookmakers form other European countries should be granted a local license. Moreover, operators must disclose full ownership details and make a security deposit of up to 1.9 million euros, while applications will not be accepted from companies that have debts, or any history regarding criminal activity, bankruptcy or liquidation. But those are just a part of the demands that should fulfilled according to the new Act, there are several more obstacles a bookmaker should overcome.

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During the early years of online betting, being registered to William Hill’s website was considered a sign of prestige. One of the leading worldwide brands, Will Hill remains stable and secure, always reliable, by carrying the proud tradition of British bookmakers. They have also kept the traditional horse racing and greyhound betting. Football and other sports (especially minor leagues outside Britain) have been massively reworked through the years and are now considered one of their best suites. They remain a traditional choice for every punter, however we would like to see an increase in their limits on some less popular events.

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