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Czech Republic unlicensed operators drain Euro 21.6 million annually from the country
Wednesday September 3,2014 : UNAUTHORISED ONLINE GAMBLING A FINANCIAL PROBLEM FOR CZECH GOVERNMENT
Government auditor says unlicensed operators drain Euro 21.6 million annually from the country.
The government auditor for the Czech Republic has been critical of the country's Finance Ministry in its handling of gambling issues, and claims that unauthorised online operators outside the borders of the nation are taking an estimated Euro 21.6 million annually out of the country, and making no contribution to the community.
The Finance Ministry has also been accused of spending tax monies on an inefficient information system for lotteries and gambling, a charge to which the Ministry has responded by assuring government that work is already advanced on a "technical solution" that will introduce a central monitoring system linked to licensed operators.
Finance Ministry spokesmen said this week that drafting work was at an advanced stage on new gambling legislation that will liberalise the country's 24-year-old gambling laws by allowing online gambling operators from other EU member nations to set up business and obtain licensing.
This could generate an addition K1 billion in tax revenues, they said, adding that the initial draft would be submitted to government for discussion later this year.
The auditor also commented critically on the apparent failure of the Ministry of Finance to police existing permit holders, noting that despite some operators serially breaching licence conditions, not a single permit had been pulled.
In related news, the Bulgarian State Gambling Commission has reported on its first online gambling contributions to government coffers, posting a contribution of Lev 30 million ($20 million) from fees, gaming taxes, fines and penalties in the new market.
And in Mexico, the president of the Mexican Gaming Commission, Fernando Zárate Salgado, has revealed that a new government bill which includes online gambling regulation has been subjected to extensive consultation and debate, and will be submitted to the House of Representatives on September 9.
Salgado told local media he was hopeful that the bill would be approved before the end of September.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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