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Czech Republic To Legalise Online Gambling
Tuesday June 7,2016 : CZECH ONLINE GAMBLING LEGALISATION IMMINENT?
Foreign operators eye the new market.
The clock is ticking for the president of the Czech Republic, Milos Zeman to sign a new bill passed by the national parliament that will enable the licensing and regulation of foreign operators in the online gambling market.
Our readers will recall that the Senate recently approved a new gambling law on a majority vote of 42, with no votes against the measure but 23 abstentions. The approved bill was sent to the president for signing into law, a process in which he has 30 days to act.
If President Zeman approves the bill it will probably come into force early in 2017.
However, operators are likely to bridle at the hefty tax rate that Czech lawmakers have insisted upon - 23 percent of gross income on lotteries and sports betting, and 35 percent in the case of online casino action
That is substantially higher than the average of around 19 percent levied in other European regulated markets.
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4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
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Microgaming Wins The Spark Award 2017 -
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NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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