Reports EMEA - CZECH REPUBLIC
Essential information and facts about Czech Republic:
Country Czech Republic Capital Prague
Total Area Population Median age Male
Female
78,867
sq.km 10,644,842 41.7 years 40.5 years 43 years
Ethnic groups Czech (64.3%), Moravian (5%), Slovak (1.4%)
Religions Roman Catholic (10.4%), Protestant (1.1%)
Languages Czech (95.4%) Slovak (1.6%) Currency Czech Koruna (CZK)
Government type Parliamentary democracy Chief of State President Milos Zeman (since March 2013)
Head of Government Prime Minister Bohuslav Sobotka (since January 2014)
Cabinet Cabinet is appointed by the president on the recommendation of the Prime Minister
Elections President elected by parliament for five year term (eligible for second term). Last successful election held March 2013. Prime Minister appointed by the President.
the end of the year that is not the position we feel comfortable with. So unfortunately the situation is not clear, or good for existing providers and operators and is does not seem the Ministry will make it better for any of us.”
It’s a complex law and will regulate all forms of online gambling whilst dropping the prohibition on non Czech operators obtaining online licences for gambling which at the moment is dominated by five main domestic companies.
EU and EEA companies will now have the opportunity to apply for local licences although in reality the bill’s new tax plan could prove too high for them to consider the Czech Republic as a viable market.
Te new law will also enable the Ministry of Finance to block unauthorised gambling domains whilst also putting a ban on payment to and from unauthorised operators plus rules against unlawful marketing.
Tere will be an exclusion data base to allow P56 NEWSWIRE / INTERACTIVE /
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gamblers to block themselves from sites whilst also blocking access to bankrupt individuals or those receiving benefits from the state.
Martin Zych of Comax and UNASO said: “Basically the law will exclude those who are recipients of a social support from gaming, put a number of obstacles in front of the player to avoid him falling into gambling addiction, increase tax revenues for the treasury, introduce a tighter and more centralised control over the sector, introduce a sophisticated system which will register every single player, change the share on overall gaming turnover from bad gambling towards good gambling, reduce the number of sites with AWP and VLT machines and open the online gambling market and tax it.”
To summarise the new bill means:
1. From 2017 companies will be required to pay a 35 per cent tax on revenue from ‘technical equipment’ such as electronic gaming machines and other slots. Tis is on top of the
standard 19 per cent corporate tax. Previously tax on slot machines was 28 per cent.
2. Sports betting and lotteries will be taxed at 23 per cent of GGR.
3. It will remove slots from bars and restaurants and only permit them in specialised gaming venues (slot halls) which must have a minimum of 15 games in order to reduce small operations.
4. It will create a data base of players with the aim of preventing addiction problems.
5. It will open the market to international operators who are now free to apply for an internet gambling licence.
6. It will ban advertising from unlicensed operators
Ivan Valik of Czech Casinos told us: “Te new law in more detail regulates the question of the competence of state and local governments in
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