GVC Exits Czech Market

Sun, May 28, 2017

GVC Holdings says it will not seek licensing in the Czech Republic and advised its customers there that play has been stopped and they should withdraw their accounts. Czech gambling authorities place a 23 percent tax on sports betting revenues and a 35 percent tax on casino slots play.

GVC Holdings has announced that it is suspending its gambling services in the Czech Republic save for allowing players there to withdraw money from their accounts.

The company will not seek licensing in the country.

The company said it supports of the Czech government’s attempt to stabilize its online gambling market, but is still exiting the country. The Czech Republic taxes sports betting revenues at 23 percent slots play at 35 percent.

Amaya brand PokerStars is the only international casino gaming operator to successfully launch in the Czech regulated market. The company received a Czech license in February.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.