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Czech Republic to Open Doors to International Online Gaming Operators
By Brodey Sheppard - June 08, 2016
People from the Czech Republic can now rejoice because they will have access to a wider selection of licensed international online casinos in their country! The country has passed a legislation that will allow casino gaming operators from other parts of the world to enter its territory.
A new gambling was approved by the Czech senate. 42 voted in favour of the resolution while 23 abstained and no one voted “nay.” President Miloš Zeman will be given 30 days to sign the bill and people may see its provisions being implemented as early as 1 January 2017.
Changes that the Bill Will Bring
Non-Czech casino operators have been prohibited from obtaining gaming licenses. At the moment, there are only five licensed gaming operators in the country. However, once the bill has been implemented, operators based in the European Economic Area and the European Union will be given the opportunity to apply for local licenses. So, you can expect to see popular online casinos like 888casino operating in the Czech Republic soon!
On the other hand, the downside to this bill is the new tax plan. Under the country’s new gambling law, RNG casino games will be taxed at 35 percent of gross gaming revenue while sports betting and lotteries will face a 23 percent rate. The aforementioned taxes are on top of the 19 percent corporate tax rates.
New licensees will be protected from unwanted competition as the revised law promises to take strong measures in blocking unauthorised gaming domains. Tools will be introduced to effectively ban payments to and from unlicensed operators. Moreover, stricter rules on unlawful marketing will be implemented.
What the Czechs can Expect from New Online Casinos
Once the bill has taken effect, the Czech people can have access to the best online casinos in the world. With more choices, Czech players can now select the ideal casino site for them. Casino operators licensed by the UK Gambling Commission usually follow standards that promote customer satisfaction and protection. For instance, if they register at UK online casino 888casino, they will find a wide selection of games, including roulette, blackjack and slots, among many others. More payment options are also available for the players’ convenience along with promotions, strong security and ample customer support. A VIP loyalty program is present for them to keep playing and earning rewards like casino bonuses, luxury gift packs, dinner treats and luxury vacations, among many others!