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Bill Coming for Czech

The Czech government may be entering a pretty controversial stage in their legislation process with the announcement that the Czech government has plans to reform the online casino gambling legislation in the country to possibly a more restrictive set of regulations that give favour to Czech gambling companies. Regulations in this vain would specifically counter the regulatory environment that the EU is trying to create and there is a lot of negative reaction from foreign online casinos, gambling companies, and European standards organizations. At Czech government has been trying to pass more inclusive regulations for years – ones that would level the playing field a bit and allow Czech gambling companies to pay less of a tax premium compared to the competition.

Those proposed Czech regulations have long stalled though and that means that the online casino gambling industry is developing without a strong framework and without the specific input and shaping from the Czech government. The Czech Finance Ministry recently elaborated on the stalled gaming regulatory bill and notes that until new changes can actually pass through into law, the Czech operating online casinos have bite the bullet and continue paying high tax premiums.

The changes that are brewing in the Czech Republic are a direct result of the clamour that the online casinos and gambling companies are causing. Although the Czech market has shown a lot of growth and improvement in the past year, the Czech companies are pushing hard for the government to make immediate and quick changes.