Czech Ministry of Finance Expands Online Gambling to Allow Sports Betting

Back in August of 2017 the Czech Ministry of Finance gave credit to the countermeasures against illegal gambling and increased taxation of slot machines for driving a 38 percent increase in state revenue from gambling over last year.


The gambling operators that are looking at that market data in the Czech Republic have made a sincere commitment to being able to offer Czech punters legal betting.


In February of 2017 PokerStars became the first online gambling operator to receive a live games gambling license in the Czech Republic’s newly regulated market. In January the jurisdiction liberalized the market allowing for the licensing of foreign online betting operators. Guy Templer, Chief operating officer of Rational Group, said then, “We are very proud to be the first online casino and poker operator to be awarded a license and support the newly regulated Czech market.” Adding, “This underscores our commitment to supporting local regulations and obtaining local licenses wherever possible.”


Now only a few months later that commitment that Mr. Templer mentioned is gaining traction with the recent announcement that BetStars has marked a first with the receipt of a new sports betting licence in the Czech Republic. Under the provisions of the regulated Czech environment however the BetStars operator’s license will not include free bets or the ‘Spin & Bet’ products.


Parent firm Stars Group said that it is expecting to launch very soon after the Czech State Supervision of Gambling and Lotteries approvals are obtained.


BetStars’ managing director, Zeno Ossko, commented, “We’re proud to be the first international sports betting operator to be awarded a license under the Czech Republic’s new licensing regime.


“After extensive development, I am also very pleased that we are now able to begin offering players our exciting next generation mobile betting app, an integral part of our ongoing efforts to improve our product and overall offering for both existing and new customers.”


Source: Online