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Czech Gambling Advertising Ban
4/23/10 - According to The Prague Post, international online gambling operators with an eye on the Czech market could soon find themselves facing local advertising obstacles.
The government is apparently considering a legislative amendment that bans unlicensed foreign online betting companies from advertising in the Czech Republic, in a move that is perceived as an attempt to ease competitive pressures on local, and licensed, operators.
Online betting is an industry worth 29 billion Kč a year in the Czech Republic, the newspaper reports, with foreign online gambling companies - many of which are based in tax havens like Gibraltar and Malta - accounting for 4 billion Kč last year, according to the Association of Betting Service Providers.
Czech tax laws require gambling companies operating in the country to make charitable contributions of up to 20 percent of revenues on top of normal taxes, giving companies operating with European licenses, but catering to Czech clients, a distinct advantage.
"These foreign online betting companies have no license from the Finance Ministry, and they pay no taxes in the Czech Republic, so we therefore support banning advertisement of foreign companies here," said Radek Ležatka, a spokesman for the Finance Ministry.
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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.
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.
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.
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