Te new law will require internet service providers (ISPs) on Czech territory to block access to websites on the government’s list of illegal internet gaming sites.
Te MoF prepared a series of workshops which ran over July and August to present various aspects of the new law and tackle any queries.
Meanwhile the new laws will see online poker in Czech which previously was not permitted. Tis new law, plus regulations in Poland, will add a total of 50 million people to the nationally regulated poker markets in the EU.
Of the 28 member states, only a handful now l1
lack a legal framework for online poker regulation.
Te law however states that no online poker bet can exceed CzK1,000 (approximately $40) and winnings in any specific game or tournament are capped at CzK50,000 ($2,000 approximately)
Te market is not segregated but Czech players will need to be denied access to tournaments or higher stake cash games. Although foreign operators can be licensed there is however no Sunday Million available in Czech.
It is thought the taxes and betting restrictions
Until 1992, the Czech Republic and the Slovak Republic were a federal state, Czechoslovakia. Due to growing nationalist tensions in the government, the country was dissolved and on 1 January 1993 the two states become independent. The dissolution, also called the ‘Velvet Divorce’, was one of the most peaceful country splits of the 20th century. Czechs prefer on the whole to be called Central Europeans, as opposed to Eastern Europeans.
l2 l3
will reduce the number of players switching from current poker providers to licensed operators under the new regime.
New operators are expected to have received their licences by January 2017 although given the high taxes it is anticipated that only the biggest providers will apply. Tose players looking to hook into other ‘grey area’ websites will have a tough time accessing due to the blacklist of non licensed providers and financial transaction blocking, although some say with the use of virtual private networks players can get around the IP blocking on some sites. So how affective the blacklist will be is under debate.
The Czech Republic is home to many famous international companies, including Deloitte Touche, Exxon Mobil and Zara. But the country also has its own homegrown large firms, such as Skoda, Budweiser Budvar, Pilsner Urquell and Bata.
The average working time is generally around 40 hours per week, not taking overtime into account. The standard amount of holidays is 20 days per year and Czechs also benefit from 11 additional national holidays.
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