Tag Archives: Czech Rep

The Constitutional Court of the Czech Republic has ruled that the Magistrát of Prague (City Council) retains the right to apply specific gambling laws that reflect local conditions and allow individual city districts to ban or restrict live gambling independently. The decision supports the separate gambling rights of municipal districts, highlighting the fundamental differences between the Czech government’s centralised approach …

Finanční Správa, the Financial Administration of the Czech Republic, has uncovered extensive tax evasion by gambling-related businesses, preventing losses of over CZK 540m (approximately €22m) to public budgets. The Administration serves as the Czech government’s agency for tax enforcement and the prevention of tax evasion. Among its duties, Finanční Správa is responsible for conducting specialised tax audits in high-risk sectors …

Fortuna Entertainment Group (FEG) has confirmed that Dieter John will succeed Victor Corcoran as Chief Executive Officer (CEO) of the Central and Eastern European gambling group. The appointment follows Victor Corcoran’s decision to end his three-year tenure as CEO of FEG in 2025. A new executive at FEG, Dieter John joined the CEE gambling group in March, taking on the …

In 2023, the Chamber of Deputies of the Czech Republic approved amendments to the Czech Gambling Act and the accompanying Act on Gambling Tax. The amendments marked the first revision of the Czech Gambling Act since its inception in 2017. Significant changes implemented in 2024 aim to streamline licensing procedures for EU-based foreign businesses providing services for Czech gambling. Ivan …

The government of the Czech Republic has been urged to clarify its figures related to the exposure of national consumers to black market gambling activities. This demand is led by the trade group and policy reformists, the Institute for the Regulation of Gambling (IPRH), who highlight glaring discrepancies in gambling-related data published by the Czech government. The IPRH has questioned …

Allwyn International has vowed to improve the financial performance of its Allwyn UK subsidiary, having officially taken on the duties of operating steward of the National Lottery. In its Q1 trading update, Allwyn International reported that its global lottery brands achieved combined ‘unaudited revenues’ of €2bn-to-€2.05bn. This marks Allwyn’s first €2bn revenue quarter (Q1 2023: €1.59bn), mainly due to the …

Following a short break in Q1, Jake Pollard’s Market Make-up series returns with Propus Partners dissecting the online sportsbook trends of dynamic CE markets of Poland and the Czech Republic. Vying  for a larger slice of market share in Poland and the Czech Rep, sportsbooks have deepened their offerings of secondary sports such as MMA, ice hockey and esports, spearheaded …

Penta Investments is reported to be weighing up a ‘possible sale’ of its gambling asset, Fortuna Entertainment Group (FEG). As reported by Reuters, the Central and Eastern European private equity fund is open to offers to acquire Fortuna Entertainment, recognised as the biggest betting firm of the Czech Republic and Slovakia. The private equity fund of Czech moguls Jaroslav Hascak …

Allwyn International cites confidence in achieving its full-year 2023 corporate objectives as group subsidiaries (legacy and acquired) maintain ‘organic growth’.  Publishing its Q2 ‘preliminary results’, an enlarged Allwyn sees its lottery portfolio generate consolidated revenues of €2bn for the first time and adjusted EBITDA of €381m (+35%). Headline growth reflects a 115% year-on-year increase, primarily driven by the recent acquisition …

Robert Chvatal, Group CEO of Allwyn International, has asserted that the pan-European lottery conglomerate can balance its organic and M&A growth in what promises to be a transformative 2023. Speaking to SBC following the publication of Allwyn International’s Q1 results, which incorporated the performance of Camelot UK assets, the transaction resulted in an impressive 80% surge in revenues to €1.6bn, …