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Czech Republic Five major betting companies to receive licenses

After months of anticipation, it looks as if the new year will at last see legalised online gambling in the Czech Republic. Radio Praha reports that after years of lobbying and promises to prevent minors from betting on their websites, the country’s five biggest bookies will soon receive permits from the Finance Ministry to introduce online gambling.
 
One of those firms is believed to be Fortuna - and company exec Tomáš Bahník explained why the decision was so important for the firms. He told the radio station's reporter: “We are sad and bitter that foreign Internet betting companies are allowed to operate in the Czech Republic without any control. There is no legal restriction. So basically they operate in this country illegally. So we want to have the same opportunities as foreign companies.”
 
Bahnik claimed that local betting companies could be losing out on several hundred million a year to foreign companies offering Internet gambling from outside the Czech Republic, but making no contribution to taxes or employment within the Republic.
 
The betting company executive said that the action date for the issue of the licenses was January 5 2009, and that those companies in line to receive licenses have been preparing their operations and will be ready to launch on that date.
 
He added that the regulatory regime would be tough and closely monitored, which he claimed was in contrast to the offerings of foreign online companies.
 
"Every person, including teenagers, can use [foreign company online gambling sites] Internet betting without control," Bahnik alleged. "Our main goal is to control this situation. If someone wants to bet through Fortuna on the Internet, they must register in a bricks and mortar office and show their ID. Only then will they be allowed to play. We don’t accept credit cards but only regular payment cards because we don’t support gambling and gamblers and we don’t want people to become addicted to Internet betting. That’s something foreign companies don’t do.”
 
Bahnik added that the preparedness of local companies to comply with such strict regulation and precautions to ensure the safety of gamblers was one of the main reasons that persuaded government to agree to a licensing and regulatory system.
 
Asked about the competitive potential for online gambling vs. traditional Czech bricks and mortar establishments. Bahnik said it was unlikely that the new online betting era would herald a reduction in land casino venues. He used neighbouring Slovakia as an example, where regulated online gambling had revealed that Internet operations took about 20 percent of the market, leaving the rest to more traditional land companies and betting locations.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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