Budapest – 25 June 2018 – Europe’s online gambling market has seen many changes lately, especially when it comes to regulation. While being split up regions, everyone has reported growth when it comes to regulating the online gaming industry.
The fast growth of the sector is also thanks to the technology servicing the sector, which has become more sophisticated and the general demand for online services, including betting and gaming ones, keeps growing.
Such is the case of the Czech gambling market, which has been regulated just a while ago and has already seen the benefits of having large software providers and international operators entering the sector and adding to tax incomes for the state.
Just recently, Gaming provider, Play’n GO, has signed a multi-year arrangement with PokerStars Casino. Owned by The Stars Group, PokerStars will gain access to Play’n Go’s complete portfolio of games directly integrated onto its platform, via the terms of the partnership. The move demonstrates the brand’s interest expanding its slot offering to additional markets, and also follows up its entry into the sporting industry having gone live in Czech Republic in a deal with Tipsport at the start of the year.
Forty billion crowns spent on Czech gambling in 2017
People in the Czech Republic spent 39.8 billion crowns on gambling in 2017, which is half a billion more than the previous year, national drug coordinator Jindrich Voboril said on Tuesday.
One third of the sum was spent on online gambling, while it was only 3 percent in 2009. “Thanks to the technological development, the increase in enormous. The risk is that younger and younger generations gamble. It is more available,” Voboril said.
The integral report and more government statements can be found by reading the report given by Prague Daily Monitor.
The Czech Republic’s gambling industry report will be presented by expert, Jan Rehola, who always presents the vital information around the market.
The third edition of Central and Eastern European Gaming Conference and Awards is going to take place on the 25th of September at The Ritz-Carlton Budapest and promises to catapult the conference even further as the leading boutique style executive event in the region.
About Jan Rehola (PS Legal)
Jan Řehola has over 7 years of experiences in gambling field, both from the public and private sector. He is a master of Law from the Charles University in Prague.
Jan has been working for 4 years for the Ministry of Finance – Czech Gambling regulator, firstly as a Head of the Legal Unit and later as a Director of Gambling Department. In his work for the Czech Gambling regulator Jan was responsible for all gambling policy issues, including drafting of new legislation, issuing of gambling licences and cooperation with other European regulators as a member of European Commission Expert Group on Online Gambling.
Due to his background, he is well versed in all aspects of gambling operations.
PS Legal is Prague based law firm specialized in providing legal services to all sectors of the gaming industry. PS Legal has rich experience in gambling field and provide professional and high quality legal and compliance consultancy to key players on Czech gambling market.
Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gather C-level executives yearly in one of Europe’s most visited city.
Source: European Gaming Media and Events