Czech Gaming Regulations
Yesterday the Poker for Android Team reported that Belgium is planning to issue two more casino licenses and told you about the other countries that reforming their regulations. We have a new country to add to that list: The Czech Republic
The Czech Republic has announced the details of a new bill that has to further regulate gambling and online gambling. They also announced that they are planning to issue licenses to foreign operators.
The Czech Republic has a big gambling market. The Czechs wager on estimate around $6 billion a year, which is quite a lot on a population of 10.5 million. It also houses some major poker players. Most of the Czech professional poker players are active on PokerStars.
The $6 billion got the attention of the authorities. The government estimates that they are missing out on 1 billion crowns ($46m) per year in tax revenue. Therefore they are planning to issue licenses so foreign operators, such as PokerStars, can start legally offering poker and other games (and start paying taxes).
Tightening The Rules
Taxation is not the only thing on the minds of the Czech government. As history shows, you can regulate poker al you want, but if you don’t enforce the rules, you still won’t get your tax money. Therefore, the Czech government is tightening the rules.
For starters, the bill is expected to contain rules that confine gambling and also poker to the land-based casinos, gambling rooms and betting offices. By centralization the Czechs want to make it easier to control the market.
Another important aspect of the bill is also social responsibility. The Czech republic is working on regulations that will prohibit players, who are (almost) bankrupt, are on social benefit or are listed as problem gamblers, from gambling altogether.
The above will also apply for online gamblers.
Another aspect of the proposed bill is the proposed playing limits. The proposed limits are quite low. The first is an hourly lose limit, proposed at 1000 crowns ($46) and the second one is a monthly lose limit proposed at 20.000 crowns ($921).
This can be quite a problem for the more professional poker players and gamblers. If you play medium to high stakes poker a $46 lose in an hour is not much, not much at all. But we have to say that these are the proposed limits. If you look at proposed bills they are always formulated very strictly, but the eventual bill is almost always far more moderate.
The bill is expected to become active in 2016, so you Czech players have some more time to play a few hand without limitations.