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William Hill Exits Czech Republic

WILLIAM HILL EXITS CZECH REPUBLIC AHEAD OF NEW GAMBLING LAW
 
January 1st 2017 implementation brings in tough tax structure.
 
With the January 1st implementation of a new high-tax Gambling Act in the Czech Republic looming, online gambling group William Hill plc has informed its local players and affiliate marketers that it is exiting the market, and advised them to withdraw any positive balances in their accounts.
 
Citing "recent regulatory developments" in its email to affiliate marketers, the company appeared to hold some hopes for a return, raising the possibility that it may work with them again at some future point.
 
Highlights of the new Act include:
 
* A requirement that operators - even those from other EU nations - take out local licensing;
 
* Operators must disclose full ownership details and make a security deposit of up to Euro 1.9 million, and they must provide proof of Euro 2 million in own equity;
 
* Applications will not be accepted from companies that have outstanding public debts, or any history regarding criminal activity, bankruptcy or liquidation;
 
* Online casino and poker operators face a 35 percent tax on GGR, whilst sports betting firms and lotteries are required to pay taxes based on 23 percent of GGR;
 
* Both categories also pay a 19 percent corporate tax;
 
* Live dealer gambling - a popular element with online casino players - is not permitted;
 
* The Act includes enforcement provisions such as ISP and financial transaction blocking against unlicensed operators, along with a heavy fine structure for offenders.
 
The tough requirements, and in particular the high tax rate, may discourage many from applying, although the government expects larger corporate betting companies to continue to service the market under the new licensing regime.
 
That optimism has not so far been justified; official figures from the Ministry of Finance show that to date applications - all from major companies - have yet to reach double digits.



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MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

2017 ACR Moss Sign Up Bonus - The ACR MOSS kicks off this Sunday, August 13th at 1:00pm ET. If you’re new to the MOSS, it’s the Mini Online Super Series and the first part of our $6,700,000 GTD OSS Cub3d series.

New Microgaming HQ Opens - Microgaming’s new purpose built HQ on the Isle of Man, adjacent to its existing office, officially opened on 31 July 2017.

EmotiCoins Slot Launches - EmotiCoins is hosted by a crew of cheerful Emoticons that take you on a delightful ride of emotions. Watch the cheeky faces playfully bounce down the reels amidst bright, rich colours and a delightful sound track.

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PartyPoker Lobby and Table Update - Partypoker releases first phase lobby and table upgrade for an improved player experience. Player feedback influences new darker colour scheme of partypoker client

Bitstarz Launches SlotWars - BitStarz - the home of thrilling casino tournaments just launched Slot Battles with 48 battle rounds being played every day!

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