Czech Republic

Czech Republic, the government sets limits on average hourly gambling loss

Czech RepublicA 34-page document with lots of math formulas. So the Czech Ministry of Finance has introduced the new guidelines on limits to average hourly loss for gambling, land and online.

Starting this week, all players will have to adapt their gaming systems, whether physically or on line, in order to comply with the new regulatory requirement imposed by game rules.

The layout requires operators to block the game when the user exceeds the limits.

In the guidelines published by the Ministry of Finance, a mathematical formula has been suggested by the Ministry as a tool for calculating how to get House of Fun free coins within the most appropriate time limits for players, based on factors such as betting size, number of betting times You were to place in an hour and average of payments.

The requirement adds to a series of consumer protection rules and responsible gaming rules already enshrined in the gaming law that came into force this year.

The measure was welcomed by the industry with some perplexity. In-market market operators do not hide the difficulty of ensuring profitability for companies with a tax rate ranging from 23 to 35%.

Numerous international companies have already withdrawn from the market, posing as a cause of heavy taxation, insufficient measures against unauthorized parties, bureaucracy weakness and a complicated recording player that requires players to enter public administration centers to identify and physically register .

Earlier this year the Ministry of Finance quantified in at least 10 foreign operators are applying for a license to operate on national territory. A spokeswoman for the same ministry has already called for operators to be patient and reminded them that the gambling law is subject to revision.

It remains to be seen how the same operators will take these new measures.

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