Tag Archives: Czech Rep

Winning Post: Industry heading towards more Euro uncertainties

Industry strategic consultancy Regulus Partners reflects on another week of UK and European setbacks for gambling incumbents. Despite broader regulatory frameworks in-place, political relationships appear more complicated than ever before… ___________ Sweden: online regulation – losing the war… Most online gambling operators that comment on their regulatory strategy or policy tend to state that they favour growing domestically regulated markets …

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Czech SPO ups blanket tax on all gambling verticals

Reform of the Czech Rep gambling marketplace appears to be further than ever before, as the nation’s Ministry of Finance publishes 2019 plans to increase taxes across all ‘vice sectors’. On 4 April, the Czech Finance Ministry submitted its proposals to the Senate, seeking to implement new tax plans ‘increasing public budget revenues’. The mandate hits Czech gambling stakeholders hardest, …

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Czech PE’s split SAZKA European gambling assets

Czech private equity firms KKCG and EMMA Capital have confirmed that they will move to split the ownership of assets in pan-European betting and lottery operator SAZKA Group. SAZKA is the Czech national lottery operator, which holds majority/significant holdings in European operators – OPAP Greece (33%), Casinos Austria (30%), LOTTOITALIA (33%) and SuperSport Croatia (67%). Agreeing on undisclosed terms, the …

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partypoker returns to tough Czech Rep market

GVC Holdings’ property partypoker has announced its official return to the Czech Republic online gambling market in partnership with regional casino operator King’s Resort Rozvadov.  Closing 2018, partypoker Managing Director Tom Waters revealed that the online poker room had been granted a licence by the Czech Finance Ministry. The update sees partypoker become the second international operator and online poker room …

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Playtech leads Fortuna upgrade, as betting group ups profile in new markets

FTSE gambling technology group Playtech Plc has confirmed that it will expand and upgrade its existing lead supplier relationship with Central and Eastern European (CEE) betting group Fortuna Entertainment Group.    Updating the market, Playtech announces that Fortuna has approved the roll-out of its ‘IMS – player management platform’ to be integrated across its properties operating in the markets of …

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Tougher regulatory requirements see NetEnt report Q4 2017 revenue & earnings lag

Publishing a corporate update, Stockholm-listed industry games developer NetEnt has detailed that its Q4 2017 results (period ending 31 December) will ‘lag behind market forecasts’. Updating stakeholders, NetEnt governance expects to deliver Q4 2017 corporate revenues of SEK 419 million (Q4 target: SEK 447 million), combined with a period EBIT of circa SEK 150 million (Q4 target: SEK 170 million). …

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BetStars gains Czech Rep betting approval

Czech news sources have reported that The Stars Group online betting subsidiary BetStars, will become the first international betting operator to service the newly regulated Czech Republic online gambling market. Last week, Czech news sources reported that the Czech Finance Ministry had published details of approved licensed operators for its new online betting regime, with BetStars featuring as the sole …

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Fortuna boosts cross-channel payment capabilities with EML ‘reloadable cards’ partnership

Eastern European betting group Fortuna Entertainment has expanded its player payment provisions by integrating EML Payments Europe (EML Group) ‘branded reloadable cards’ for its multi-channel operations. Fortuna the largest betting operator within Eastern Europe’s regulated markets, will initially roll-out EML cards access across its Czech Republic operations, with the potential to expand to other core markets in which the group …

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Fortuna Entertainment records H1 2017 revenue & KPI growth despite enlargement costs

Presenting its H1 2017 interim results (period ending 30 June), Eastern European gambling operator Fortuna Entertainment Group has detailed a strong revenue performance combined with KPI gains driven by the growth of sports betting and gaming divisions. Updating the market, Fortuna would record a 40% group revenue increase to €720 million (H1 2016: €511 million), of which €650 million would …

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Czech Rep Tipsport enhances markets with BetConstruct live data provisions

Updating the market, industry platform and software supplier BetConstruct has informed that it has signed a ‘live scouting data’ partnership with the Czech Republic based operator Tipsport. Agreeing terms, the partnership will see Tipsport utilise BetConstruct provisions to enhance its current pre-match and in-play sports betting offering, further allowing its players to engage with more betting markets and live data. …

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