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Czech Republic President Signs Gambling Act

CZECH PRESIDENT SIGNS GAMBLING ACT INTO LAW (Update)

Full steam ahead…

Czech Republic President Milos Zeman signed the Czech Act of 26 May 2016 on Gambling into Law Tuesday.

The law will enable the Czech Finance Ministry to implement a licensing and taxation regime and allow EU operators access to the Czech online gambling market.

The measure moved quickly through the Senate having been introduced on May 26, 2016  and is expected to come into effect on January 1, 2017, however, the Czech Finance Ministry said,  “… some parts of the new gambling law are going to come into force on the day of its promulgation” enabling interested operators to apply for licenses after a list of test laboratories has been published.

The Ministry is planning a series of workshops from July to August 2016 which will address questions concerning the new regulations and present various aspects of the new gambling law.

“Unclear provisions of the new gambling law will be explained and specified to operators in these seminars,” a press statement said.

As seminars will be held in Czech, potential licensees are encouraged to secure the assistance of local legal advisors as translators cannot be guaranteed.

Specific topics and dates for each workshop will be published by no later than the end of June.

Written questions, which will be included in workshop agendas, are welcomed as the Gambling and Lottery Supervision Department 34 said it is unable to accept appointments with operators regarding new legislation.

These questions can be directed to Mrs. Petra Durovicova, Head of Licensing Unit of Gambling and Lottery Supervision Department via Petra.Durovicova@mfcr.cz

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Gambling News :

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

Netent Mega Fortune Pays Euro 4.9 million - #NetEnt progressive slot Mega Fortune has delivered another instant millionaire, this one an anonymous Norwegian online punter wagering on the Betsson.com website.

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