Essential information and facts about Czech Republic:
Capital Prague
Total Area Population Median age
78,867
sq.km 10,702,498 43.3 years
Religion Roman Catholic, Protestant, other
Ethnic Groups Czech (64 per cent), Moravian (5 per cent), other
Languages Czech (official), Slovak Currency Koruny (CZK)
Government type Parliamentary Republic Chief of State President Milos Zeman (since 2013)
Head of Government Prime Minister Andrej Babis (since 2017))
Unemployment
Elections President elected by vote for five year term. Next election 2023. Prime Minister appointed by President for a four year term. 3.7 per cent (October 2020)
Tourism 22 million (2019)
“In essence these 100 per cent bans mean that gambling gets out of control and unfortunately it doesn’t deal with pathological gaming from the social issues point of view, because something which is clearly identified, has its rules and is taxable becomes something else with no control and zero economic benefit.” Pavel Michalcio of e-gaming
“In essence these 100 per cent bans mean that gambling gets out of control and unfortunately it doesn’t deal with pathological gaming from the social issues point of view, because something which is clearly identified, has its rules and is taxable becomes something else with no control and zero economic benefit.”
more or less a political and populist act, which is not supported by any real study and we trust that this decision will be further negotiated by both the capital and the operators and there will be a debate on how not to ban gaming business but regulate it purposefully.
“It is generally believed and even confirmed on the basis of real data that if there is a total widespread ban of gaming it leads to enormous growth of grey and black economies. As to the grey economy there are concerns about the so called Quizzomats and similar gaming machines, but in the field of the black economy it is the operation of illegal arcades and casinos.
Te Czech’s gambling sector is already struggling under the weight of legislative changes and illegal operations. Te quiz or trivia machines (Kvizomats/Quizzomats) have popped up to replace slots and are in a legal battle over whether they are permitted. Many Kvizomat operators refuse to pay gambling taxes and over the last two years the customs administration has impounded around 3,000 machines.
Meanwhile a further hindrance is the launch of the Register of Excluded Persons which is part of the Ministry of Finances AISG (Analytical Module 6) plan to also help tackle gambling addiction problems. Te AISG collects gaming and financial data from operators to support regulatory strategy in the market.
Te Gambling Exclusion Register is the latest
measure introduced by the Gambling Act and is part of a country wide effort to tackle problem gambling. It allows players to voluntarily self exclude themselves from all forms of gambling but also allows authorities to place certain players on the register such as those on welfare, those who are bankrupt or already receiving treatment for problem gambling.
It began as a pilot scheme on September 15 which will run until December 20. At the end of the pilot scheme operators will be obliged to verify whether players requesting to participate in gambling are listed on the register. Tis will apply to casinos, arcades and online gaming.
Some operators are anticipating losses in sales revenues of between 10 and 20 per cent because of the register as many people will be excluded from gaming by the authorities due to the measures.
Of course with the slots ban Prague city taxes will also be hit. Te majority of the taxes from gambling are filtered to sports and cultural facilities and last year Prague collected around CzK700m in gambling taxes of which CzK400m
NEWSWIRE / INTERACTIVE / MARKET DATA P95
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