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EMEA - CZECH REPUBLIC
President Milos Zeman approved the law on June 10 and is effective from January 2017. However all operation permit applications submitted before the end of 2016 are handled in accordance with the existing legislation and operations have 12 months to fulfil the requirements of the new legislation, apart from tax rates with are applicable from January 2017.
gambling, limit the number of casinos, improve state supervision and ensure proper taxation of all forms of gambling.”
Czech deputy finance minister Ondrej Zavodsky is in favour of the changes and it is estimated Czech loses around CzK600m a year in revenues which goes instead into offshore and ‘grey area’ operations.
In May this year the Czech senate approved the new regulations and taxes for the gambling and lottery industries under a so called New Gambling Code.
Tere were 42-0 votes in favour and President Milos Zeman approved the law on June 10 and is effective from January 2017. However all operation permit applications submitted before the end of 2016 are handled in accordance with the existing legislation and operations have 12 months (until December 2017) to fulfil the requirements of the new legislation, apart from tax rates with are applicable from January 2017.
Te Law number 186/2016 is the new law on
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gambling and includes the following points: l
Gambling operators must be located in Czech and a legal entity in Czech or another EU or EEA state with a minimum capital of €2m.
l
Gaming operation licences are issued for lottery, fixed odd betting, totalisator, bingo, technical game (slots) and live games. A basic licence is issued for six years.
l
A deposit is required plus a bank guarantee for gambling location licences which is:
o CzK1m for each gambling room (Czk10m
minimum and Czk50m maximum for all gambling rooms with one operator)
l o CzK10m for each casino (CzK20m
minimum and CzK50m maximum for all casinos with one operator)
l
Gambling is prohibited to those under 18 years of age.
l Te highest bet and highest win is for l l
‘technical games’ (slots) in arcades – CzK100 maximum bet and maximum win CzK50,000; for casinos games – CzK1,000 maximum bet and CzK500,000 maximum win and for online ‘technical’ games – CzK1,000 maximum bet and CzK500,000 maximum win.
Technical games – can only be operated on gambling premises and must be connected to a server. Tere must be a registration process for players to include identity and age and this will record deposits, bets and winnings. Each gambling participant can have only one user account with one operator. Tis information is archived for 10 years.
Participation in a technical game will be interrupted after 120 minutes for at least 15 minutes break. Te payout is a minimum of 75 per cent.
Slot Halls (Herna) can operate a separate slot area marked clearly as such and the slot hall must be closed from 3am until 10am and only house slots and should have at least 15 gaming
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