Reports CZECH REPUBLIC MARKET
and the majority are located in the Moravian- Silesian and Olomouc regions. Back in 2014 there were around 7,300 registered betting shops.
Te main operators are Fortuna Game, Tippsport, Sazka and Synottip.
Fortuna Entertainment Group offers online and landbased betting and gaming products and was established in 1990 in Prague. Te group has around 174 betting outlets in Czech and almost 400 partner betting outlets. Te group saw revenues of €335.1m in 2018 for all markets.
Synot Tip was set up in 2002 and operates sports betting to online casinos to supplying gaming equipment. Synot Tip is part of the Synot Group which was set up in 1991 and does business in more than 20 countries. Synot Tip was established in 2005.
After closing down due to Covid in mid March until mid May the company has been forced to close venues a second time due to the second wave in October.
“We assume the number of operators will increase
due to the fact that it is a current global trend, not only in gaming but also in commodities, when the majority of business is now handled online and the pace of
online market development is exacerbated by Covid- 19 when landbased operations had to, and probably
will have to, be closed in the future so online casino in a good alternative and kind of additional business.” Pavel Michalcio, e-gaming
the unnecessary bureaucracy, restrictions and heavy taxes whilst player verification hinders the sector.
GGR in 2019 for betting was CzK1.1bn for landbased sector and CzK7.7bn for the online sector which has a 21 per cent market share.
Pokerstars entered the market in February 2017 as the first international licensed casino and poker operator in the newly regulated market and although it was hoped others would follow, the market never really flourished to its full potential. Many operators were simply put off by
Bettors must verify their identity via a branch or online via the bank, and they must verify the payment method for deposit and withdrawals. Tey must set self limiting limits for bets and the maximum deposit and withdrawal at branches is CzK5,000 within a 24 hour period.
A bill by the Ministry of Finance would have allowed remote registration of players but this was amended in October to retain in person registration.
As of January 2020 there were six companies licensed to operate and some 2,188 bookmakers
For the last two years e-Gaming has also been focusing on online gaming and online content development. Under the current market situation in Czech and with Covid worldwide the diversion has been strategically a good move. Te company focuses primarily on markets where they are already active and have an established supplier or operator name and solid business partners.
Pavel Michalcio at e-gaming said: “All the licensed operators in Czech are domestic entities, because due to the valid legislation and necessity of the face to face player verification it is very complicated for somebody who does not have local retail network to register players and operate online casinos.
“It is such a big handicap this is one of the main reasons why the big international companies do not enter the Czech market. More than 90 per cent of online casino turnover is made up of three large companies, which have historically had the longest presence in the market and in online gaming when they first began with sports betting and then added online casinos when it was allowed.
“We assume the number of operators will increase due to the fact that it is a current global trend, not only in gaming but also in commodities, when the majority of business is now handled online and the pace of online market development is exacerbated by Covid-19 when landbased operations had to, and probably will have to, be closed in the future so online casino in a good alternative and kind of additional business.”
NEWSWIRE / INTERACTIVE / MARKET DATA P49
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