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Contrasting trends in 2017 Czech gaming market figures

Niji Narayan

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Contrasting trends in 2017 Czech gaming market figures
Reading Time: 2 minutes

The 2017 Czech market figures were published last week, revealing some contrasting trends.

It was surprising to an overall minimal revenue gain in the gaming market, despite the strong rise in online gambling revenue of over 50 per cent.

Czech Ministry of Finance figures for 2017 indicated total revenues of CZK39.8b (US$1.77b), a gain of 1.1 per cent from 2016 in the face of overall spending on gambling rising 14.1 per cent to CZK224b.

The gains in online gaming nonetheless did not translate to overall gains for the Czech Republic, which began allowing and regulating iGaming in the country with the revision of the country’s gambling act in 2016.

The Online Contribution

The fact is online gambling jumped 56 per cent year-on-year to CZK8.3b ($370m), responsible for a contribution of more than one-fifth of the overall gaming market in the Czech Republic.

The vertical contributing most heavily was fixed-odds sports betting, which saw a total rise in 217 of nearly CZK1b to reach just short of CZK6.2b.

The next largest contributor on the pole for 2017 was online casino, which brought in just over CZK2b to the Czech market, with live casino third at a CZK120m contribution.

Online lotteries brought in CZK276m, compared to a decline in the contribution of land-based lotteries down CZK500m to CZK6.1b.

Conflicting Disincentive

The relative lack of gains from the overall sector may have to do in large part to some changes made in the Czech market structure that took effect January 1st of 2017. The updates imposed stiff taxes on foreign licensees, resulting in many operator withdrawals who were discouraged by new individual vertical taxes of 23 per cent on sports betting, and 35 per cent for slots, compounded by a 19 per cent corporate tax and further new restrictions on online bonus offers.

Outlook

The Czech government is claiming a healthy purge of up to 90 per cent of illegal operators, but if they want to keep this purge from claiming more legitimate licenced operators on the ledger, they will have to find a way to ease restrictions on foreign operators to add more revenues and streams to the overall till. Let’s hope the operators that began trickling back at the end of 2017 have found more hospitable conditions in 2018.

 

Source: onlinecasinoreports.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Central Europe

AGO Esports Enters Partnerships with Puma and Wrigley’s Orbit

Niji Narayan

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AGO Esports Enters Partnerships with Puma and Wrigley’s Orbit
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AGO Esports, the Polish-based esports organisation, has announced partnerships with Puma and Wrigley Company’s chewing gum brand Orbit.

Puma is a German athletic apparel company and AGO Esports will debut its new Puma jersey at DreamHack Open in Rio de Janeiro.

Kuba Szumielewicz, CEO of AGO Esports commented on the Orbit partnership: “We feel satisfied that AGO Esports have been selected as one of three Polish organisations by the Orbit brand to spread awareness of the positive influence of chewing sugar-free gums on caring for healthy and clean teeth among esports fans.”

He continued, this time discussing the deal with Puma: “We are proud that a global brand like Puma has [chosen] AGO Esports to enter the esports market in Europe. The assortment and technology used in Puma’s products fully meets the expectations and needs of our organisation.”

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Central Europe

UOKiK Approves Merkur’s Proposal to Acquire Totolotek

Niji Narayan

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UOKiK Approves Merkur’s Proposal to Acquire Totolotek
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The Office of Competition and Consumer Protection (UOKiK) has approved Merkur’s proposal to take control of Totolotek S.A.

Merkur develops and distributes mutual betting software and sports betting products (online and offline).

Totolotek is a licensed mutual betting operator in Poland offering  online services and in land based points, such as sports bets and animal competition bets.

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Central Europe

Totalizator Sportowy launches renewed website

Niji Narayan

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New design for Totalizator Sportowy’s website
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Totalizator Sportowy, the state-owned gambling company in Poland, has launched a new-look website, with improved graphic design and a host of interesting solutions. The website also features important information about the company, job offers, the latest tenders, and information on great prizes.

After more than 60 years of activity on the lottery market, Totalizator Sportowy entered new areas of the gaming market. It started to function fully in the world of new technologies and e-commerce market.

“We are constantly improving the current offer, expanding the sales network, looking for innovative solutions, we care for the safety of the players, we support Polish sport and national culture. Totalizator Sportowy is also a trustworthy and reliable employer, which has interesting proposals for people representing many different specialisations” informs the press office of Totalizator Sportowy.

Totalizator Sportowy constantly improves the current offer, expands the sales network, looks for innovative solutions, cares about the safety of players, with increasing involvement supports Polish sport and national culture, but is also a popular employer that has interesting proposals for people representing many different professions.

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