..

Gambling in Czechia - Note on the 3 years of activity at Prague Gaming Summit 3

Written by:
Press Release
Published on:
Feb/26/2019

Industry media has reported that the land-based gambling industry in Czechia is soaring and just recently the Finance Minister, Alena Schillerová, has declared victory in the battle to restrict, monitor – and collect taxes from – casinos and gaming machine bars.


MAKE MONEY REFERRING FRIENDS TO BETONLINE - UNLIMITED PER MONTH INCOME

Over the past seven years, she told reporters, the number of casinos has dropped by three-quarters and the number of gaming machines by nearly half, to under 39,000 at last count.

In an interview with Radio.cz, Schillerová told reporters: “I’m definitely very satisfied with how things are going. The Czech Republic has ceased to be a casino in the heart of Europe. Since January 2012, the number of casinos is down from 7,600 to roughly 1,800 – one quarter as many.

Despite the extensive crackdown, the korunas keep rolling in for the government. Total gambling spend in 2017 and 2018 was up 14% to CZK224bn ($9.9bn; £7.6bn), while revenues were up a more modest 1.1% at CZK39.8bn ($1.77bn; £1.35bn).

Minister Schillerová said this is proof that the Gambling Law of 2017 is working. And while most brick-and-mortar casinos were re-licensed, they are now operating under tougher restrictions which aim to fight addiction – and tax evasion.

Casinos are obliged to register players, for example, take breaks in the action, and help gamblers exercise self-control.

The Ministry of Finance is readying an IT system that will include a list of people banned from gambling. These including people on welfare, facing distraint or in bankruptcy proceedings.

Online gambling was the big winner when talking about tax incomes, unsurprisingly after the mass closure of land-based opportunities to gamble. Online gambling now accounts for more than 20% of the total sector in the Czech Republic.

During the third edition of Prague Gaming Summit, leading experts of the industry from Czechia will present their view upon the developments of the gambling industry during the past 3 years.

The panel will be moderated by Jaka Repanšek (Media and Gaming Expert) and the leading experts of the gambling industry who are joining the panel discussion are: Jan Rehola (Lawyer, PS Legal), Tal Zamstein (Group Head of Gaming, Fortuna Group), Jakub Kolomicenko (Head of legal department, Endorphina) and Vojtech Chloupek (Partner at Bird & Bird).

You can Register here or View the Agenda

Gambling News

1 Year of Legalized Betting in NJ, $3 Billion in Bets

1 Year of Legalized Betting in NJ, $3 Billion in Bets

The Action Network has broken down the numbers over the past year for legalized sports betting in New Jersey, and to say they are impressive would be a huge understatement.

Unibet Online Casino Provider Platinum Gaming Fined for Money Laundering, More

Unibet Online Casino Provider Platinum Gaming Fined for Money Laundering, More

The online casino provider for Unibet and Bingo.com has been fined by the UK Gambling Commission.

Gambling and Sports Betting News Wire - June 14 2019

Here are today's headlines in the world of gambling and sports betting as they happen - Friday June 14, 2019.

Darren Rovell’s “Suspicious” Sports Gambling Behavior Sets Off Alarms

Darren Rovell’s “Suspicious” Sports Gambling Behavior Sets Off Alarms

They make the claim that gambling aficionados on Twitter posted evidence Darren Rovell edited his bets after they’d been placed.  Rovell is now a contributor for The Action Network, a news media outlet focused on the sports gambling landscape.

New Hampshire Sending Sports Betting Legislation to Governor for Signature

New Hampshire Sending Sports Betting Legislation to Governor for Signature

New Hampshire was expected to become the latest state to legalize sports wagering.

Syndicate