Eastern Europe

Czech Government adds new consumer protections to gambling laws

Published

8 years ago

August 3, 2017

Zoltan Tundik

Reading Time: < 1 minute

The Czech Republic is to introduce a series of consumer protection laws to its revamped gambling regulations.

Issued by the Czech Ministry of Finance earlier this week, the guidelines require operators to set maximum limits for players on an hourly basis.

According to the Casinoscamreport.com website, these limits must comply and be of a mathematical formula that uses and accepted tool to calculate losses for players.

Limit factors will include the size of a wager, average payout and the number of times a bet is place.

Earlier this year, the Czech government introduced sweeping changes to gaming laws in the country, with operators now facing tighter licensing processes, such as having to hold an official seat in a European Union or European Economic Area country.

The regulations have led to a mixed response from operators, with a number of major brands having withdrawn from the country as a result.

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Zoltan Tundik

Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.