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Czech Ministry of Finance Defends its Decision to Increase Gambling Tax

Niji Narayan

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Czech Ministry of Finance Defends its Decision to Increase Gambling Tax
Photo Source: radio.cz
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The Ministry of Finance of the Czech Republic has defended its decision to introduce higher taxes on certain gambling activities, after a national newspaper claimed the tax hike would harm the country’s land-based market. The Ministry said that income from the higher taxes will help support its efforts to protect people from gambling-related harm.

From January 2020, a new structure will split taxes into three tiers, according to how harmful the government perceives the activity to be. Gambling tax is currently set at 23% of gross gaming revenue (GGR,) with the exception of gaming machines, which are taxed at 35% of GGR. Lotteries, live games and bingo operators will be taxed at 30% of GGR, up from the current rate of 23%, while the rate for fixed-odds betting will rise from 23% to 25%.

Jiří Dolejš, a member of the parliamentary budget committee for the Communist Party of Bohemia and Moravia (KSČM), said the government should reconsider the decision before implementing the new regulations.

Dolejš put forward an alternative proposal whereby the rates for lotteries, live games, bingo and fixed odds betting would remain the same, but the tax rate on gaming machines would be increased from 35% to 38%. He added that the government should be focused on tackling online gambling, claiming the channel was riskier than certain forms of land-based gambling.

“The main intention is to raise taxes for slot machine operators, which are the most harmful. The point is to reasonably maintain different rates of gambling taxation according to social risk, but the Ministry of Finance was not interested in this debate,” Dolejš said.

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Central Europe

German Media Body Vaunet Calls for Advertising Regulatory Rethink

Niji Narayan

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Vaunet-Germany
Photo Source: linkedin.com
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Vaunet, the association of private media businesses in Germany, has called on state lawmakers to remove advertising restrictions set to impact broadcasters in the new gambling regulatory framework currently under discussion.

It believes the restrictions, such as daily periods where advertising is not permitted and the wording of certain elements of the draft document contravene the core goal of channeling players to legal offerings.

“Advertising underpins private broadcasters’ businesses, and acts as an instrument to steer players towards legal offerings in the gaming market, a key regulatory goal of the federal states,” Matthias Kirschenhofer, chair of Vaunet’s internal betting working group, said.

Kirschenhofer said the new regulations, in theory, should allow broadcasters to tap into new revenue streams, at a time when ad spend from other sources was stagnating, though the planned advertising restrictions could effectively shut this off.

“[The advertising controls] will ultimately prevent investments in attractive content. We therefore appeal to the federal states to make further improvements here,” he added.

Vaunet took issue with the provisions that prohibit the advertising of online slots, casino and poker between 6 AM and 9 PM on radio and television, as well as the whistle to whistle ban on sportsbook advertising.

These would put broadcasters – already facing a stagnating advertising market – at a significant disadvantage to other media and advertising channels, where no such limitation applies, it claimed. If such a prohibition is to be maintained, Vaunet argued, internet portals should be subject to the same controls.

“Radio and television stations are fully aware of their responsibilities under the Interstate Broadcasting Treaty. Especially in a regulated broadcasting environment, the promotion of regulated gambling should not be prohibited,” Vaunet said.

This tenet was unclear, it added, as it did not confirm whether sportsbook operators would be prevented from advertising its online casino products during times where betting promotions were not allowed.

The prohibition of any connection between sports betting advertising and the publication of live scores for sporting events amounted to an effective sportsbook advertising ban on all media portals, it added.

Vaunet concluded that the regulations in their current form would not be effective in guiding gamblers to regulated offerings.

“In order for legal providers to prevail against illegal sites, they must be able to provide competitive offers and advertise them adequately,” Vaunet said.

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Central Europe

NSoft’s Slot Car Races for Orion Tip

George Miller

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NSoft’s Slot Car Races for Orion Tip
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NSoft’s virtual game, Slot Car Races, has been presented to the punters of Slovakian betting operator Orion Tip. The game was released on terminals (SSBTs) of this betting operator. The release represents the extension of the existing business cooperation between NSoft and Orion Tip which was established in 2018.

“We have a very fruitful cooperation with Orion Tip in Slovakia. The operator is using our Sportsbook solution: Pre-Match MTS sports betting in retail and on terminals as well as a set of virtuals on terminals including Virtual Greyhound Races, Greyhound Races, Virtual Motorcycle Speedway and Virtual Horse Races. Actually, the cooperation was established via SSBTs’ channel in 2018 and has been growing ever since. Now, our virtual Slot Car Races have found its way to Orion Tip’s players complementing the existing offer of virtuals,” Dalibor Ostojić, Regional Sales Manager at NSoft commented on the release.

NSoft’s Slot Car Races is a virtual game based on RNG. Every race includes six cars with various bet type possibilities.

In order to find more on NSoft ́s software solution for betting, contact NSoft’s regional sales representatives at [email protected] or book a meeting.

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Central Europe

TVBET lends helping hand to Polish children

George Miller

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TVBET lends helping hand to Polish children
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Recently, TVBET representatives visited the Wroclaw children’s home (Dom opieki zastępczej Wrocław) to help children in need in Poland.

TVBET considers itself to be a responsible player in the igaming market, in connection with which it pursues a policy of social responsibility. The TVBET team had no second thought about supporting the Wroclaw children’s home, and quickly made a plan and followed it through.

Currently, around 50 children are living in this institution. The complexity of their situation is still that they do not have a clear status because the parents abandoned them, but still haven’t finished processing. Now, these kids cannot be adopted legally or transferred to other institutions.

TVBET understands that such children need special care, therefore they tried to give them the maximum of it while visiting. In addition, the nice gifts from TVBET were also presented to these brilliant kids, such as winter and everyday clothing, toys, sweets, etc.

“The truth is, they really touched our hearts. TVBET will certainly continue such initiatives in the future, and encourage other companies to also participate in the creation of comfortable conditions for all the children around the world. Together we can make our planet a better place!”

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