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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.

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PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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