The Czech Republic continues to strengthen its reputation as a well-regulated gambling hub in Europe. The 2024 updates to the Czech Gambling Act focus on modernizing regulations, enhancing consumer protection, and ensuring market transparency. These changes impact online and land-based operators, providing opportunities for growth within a structured legal framework.
Ivan Kurochkin, Partner and Head of Eastern Europe Desk at 4H Agency, provides an in-depth look at these significant changes in a new article for SBC News.
Ivan Kurochkin, Partner and Head of Eastern Europe Desk at 4H Agency, provides an in-depth look at these significant changes in a new article for SBC News.
Key Insights
Licensing and Regulation
The Czech Gambling Act simplifies licensing with an indefinite-term license for all verticals:
Live dealer games are now regulated, requiring studios to operate within Czech facilities. The act broadens the definition of online gambling to include all games accessible in Czech territory.
- Gaming Facility Operator License: Covers land-based casinos.
- Online Gambling License: Regulates online casino operations and betting.
- Lottery Licenses: Monopoly remains with state-authorized operators.
Live dealer games are now regulated, requiring studios to operate within Czech facilities. The act broadens the definition of online gambling to include all games accessible in Czech territory.
Consumer Protections
- Panic Button: A mandatory feature allowing players to self-restrict for 48 hours.
- Illegal App Blocking: Authorities now block unauthorized apps in addition to websites.
Taxation Changes
Gambling tax rates have increased to 30% of GGR, except for casinos, which remain at 35%. The tax exemption for player winnings has decreased to ~$2,150, significantly impacting taxable revenues.
AML and Compliance Standards
Stricter AML regulations mandate enhanced customer due diligence and penalties for violations. Operators must adhere to new technical standards under decrees such as GLI certifications, ensuring integrity and compliance.
Market Outlook
Despite higher taxes and stringent regulations, the Czech gambling market remains attractive for established operators. Key players continue to expand, drawn by the stable and transparent environment.
Dive deeper into the details of the Czech Gambling Act and its 2024 amendments by visiting our full article here.
Dive deeper into the details of the Czech Gambling Act and its 2024 amendments by visiting our full article here.
