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Czechoslovakia To Increase Gambling Tax
Wednesday October 28, 2015 : CZECHS TO INCREASE GAMBLING TAXES
But where was the minister of finance?
On Tuesday, lawmakers in the Czech Republic lower house gave initial approval to a bill raising the tax on winnings from lotteries, sport betting and slot machines with effect from 2016.
Legislators were told that Czechs spent 138 billion crowns ($5.63 billion) or roughly 3.5 percent of GDP on gambling in 2014, more than half of it on mechanical and video slot machines.
The bill, which passed the first of three readings on Tuesday, would raise the tax on lottery and sport betting winnings from 20 percent to 23 percent, and on slot machines to 28 percent, the Reuters news agency reports.
An additional daily tax on each slot machine would rise to 80 crowns from 55.
The measure is expected to boost tax revenues by 2 billion crowns.
The bill still has to pass two more lower house readings and the upper chamber of parliament before it is presented for signature into law by the president, but given the coalition government's large majority, it seems certain to become law.
Opposition deputies criticised finance minister Andrej Babiš for being absent from the lower house session debating his proposal to increase gambling taxes. Babiš was one of many MPs absent from the Chamber of Deputies on the eve of the state holiday marking the anniversary of the foundation of Czechoslovakia.
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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