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Top Interesting Facts About Online Casinos in Czechia

Published

3 years ago

October 27, 2021

Gaspar Incze

Photo source: vegasslotsonline.com

Reading Time: 3 minutes

Whenever someone discusses a topic of gambling we usually immediately think of the US and Las Vegas. However, the majority of gambling activity actually happens online nowadays and it’s a very popular hobby in Canada, Australia, and all over the world in fact. Czechia is another country where this hobby is really popular, and there are some interesting facts about online gambling here.

The Czech Republic also has a strong community that enjoys online gaming. They have a big eSports audience, lots of people who love to bet, and among other things gamble online. So, let’s go over some of the interesting facts related to online casinos and the Czech Republic.

History of Gambling in the Czech Republic

The Czech Republic became indecent back in 1993, and yet its gambling laws were in place even before that happened. In 1990 the only approved activities that were regulated by the government were lotteries. This changed in 2012 when the country decided to modernize its outdated laws.

Their new Gambling Act at that time actually allowed for online casinos to operate and accept their citizens as players. The condition here was that the operators had to have a land-based institution on the territory of the Czech Republic. In 2017, online sites that are based in the Czech Republic were made legal, and they didn’t have to have a land-based establishment. However, you will see that this act isn’t actually too lenient on the operators, especially when it comes to their expenses.

Legal Status of Online Gambling

As mentioned it’s legal to maintain an online casino here and to gamble online. That’s not all though, as users are allowed to gamble in institutions that belong to foreign operators. Even sites that operate illegally are not banned here, but players access them at their own risk. Luckily, they can find safe online casinos Czechia sites or available in Czechia by visiting other platforms that review those operators. This way they can ensure to benefit from different bonuses and promo codes, as well as gain access to more diverse gaming libraries.

Bonuses and Promotions

You might wonder why players from Czechia would even create an account with a foreign operator since it’s in their interest to support the local economy. Well, one of the main appeals of online gambling lies in bonuses and promotions, and that’s where things get tricky. The law here states that any operator licensed in Europe cannot offer bonuses or user incentives to attract new players. So, while some countries ban illegal offshore operators, and nobody considers it a big deal, for players in the Czech Republic it would actually be a big deal. They would lose access to some of the best promotions and cashback offers out there.

Revenue

One of the reasons why this country wants online casino operators to come here is because of the revenue. Casino gaming revenue from 2010 to 2017 increased by more than 100 million euros, and it made massive leaps ever since. In the year 2017, the revenue from online gambling was around 370 million dollars, and it continued to grow by around 16% on an annual basis. In the year 2019, the revenue from both land-based and online gambling was 1.36 billion euros. This is a huge deal which brings us to our next fun fact.

Taxing of Online Gambling Operators

Operators here pay massive tax on their income, 35% to be precise. In other words, more than a third of generated profits go to the government, which makes this industry in a way integral for their economy. Unfortunately, a lot of operators simply couldn’t put up with this tax and had to leave. Luckily, all of the reputable and well-established online gambling parlors are still around, and players can enjoy their content.

Number of Gamblers

In the Czech Republic you have to be over 18 in order to be allowed to gamble but the report from 2019 revealed that there are underaged gamblers in the Czech Republic. Now, this is pretty much the case in any country where gambling is legal, and it’s why this is a controversial topic. Still, almost 44% of people who are older than 15 gambled in the year 2019. This number is likely much higher for the years 2020 and 2021, as the pandemic led to a huge traffic increase on these sites.

Conclusion

These were some of the interesting facts about online casinos and gambling in general in the country of Czechia. Hopefully, you learned something new, and useful. If you ever wondered why the welcome offers and bonuses are lacking in some of the online casinos, it’s probably because they need to comply with the gambling act. Always remember to gamble responsibly, and to only maintain accounts with safe operators. Avoid reckless spending, and play primarily to have fun.

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Eastern Europe

Soft2Bet Invest Wins the “Outstanding Contribution to Gaming 2024” Award at SiGMA East Europe

Published

23 hours ago

September 6, 2024

Adrienn Sarkany

Reading Time: < 1 minute

Soft2Bet is delighted to announce that its Soft2Bet Invest venture has won the Outstanding Contribution to Gaming 2024 award at this year’s SiGMA East Europe taking place this week in Budapest, Hungary.

The award celebrates executives and organisations that make significant impacts on the industry through technical innovation, advocacy or mentoring and investments. Winning the “Outstanding Contribution to Gaming 2024” award for this category is therefore fantastic recognition of Sof2Bet’s work and efforts in the field.

Soft2Bet Invest launched a €50m iGaming Innovation Fund to support innovative iGaming and casual gaming companies and provide financial and business support to entrepreneurs. It reaches across the corporate spectrum and is open to growth-stage and/or mature companies that are harnessing pioneering technologies in casual gaming, AI, traffic differentiators or behavioural-UX analytics.

Launched in 2024, Soft2Bet Invest has already attracted major interest from iGaming startups and visionaries wanting to innovate and revolutionise the sector. Its investment bracket ranges from €500K to €1m per individual project, with the investment strategy to be discussed on a case-by-case basis.

Martin Collins, Chief Business Development Officer at Soft2Bet, commented: “Winning this award is highly rewarding since we launched Soft2Bet Invest just this year. It shows the hunger there is among our industry peers for a specialist investment fund that can harness the energy within iGaming and turn entrepreneurial dreams into realities. Soft2Bet’s focus has always been innovation, of spirit, business and technology, and this award recognises those qualities. We’re truly delighted to have won it!”

Africa

Tusk Casino Celebrates Trace’s R2.3 Million Jackpot Victory

Published

1 day ago

September 6, 2024

George Miller

Tusk Casino Celebrates Trace's R2.3 Million Jackpot Victory

Reading Time: 2 minutes

Tusk Casino proudly announces another thrilling win for one of its players, Trace, who secured an impressive R2.3 Million on the Secrets of Cleopatra slot, crafted by PG Soft. This notable win is proof of the exciting potential of Tusk Casino, supported by www.SouthAfricanCasinos.co.za, the leading online gambling guide for South African players.

Trace’s Winning Moment at Tusk Casino

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SouthAfricanCasinos.co.za: Gateway to Winning Opportunities

As a premier guide for mobile casinos enthusiasts, SouthAfricanCasinos.co.za has earned the trust of countless players. Trace, after his significant win, commented, “Coming across Tusk Casino thanks to SouthAfricanCasinos.co.za was a turning point.” His experience mirrors that of many others who have benefited from the platform’s professional advice and well-researched recommendations.

About Tusk Casino

With its sophisticated design and user-friendly interface, Tusk Casino features an extraordinary collection of over 3000 online slot games from renowned developers worldwide. This online casino is dedicated to offering an outstanding gaming experience, highlighted by its impressive free no deposit casino bonus offerings and extensive game variety. Licensed by the Government of Curacao, Tusk Casino promises a safe, engaging, and highly rewarding online gaming environment for all South African players.

A Bright Future for Online Gambling in South Africa

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Trace’s impressive win at Tusk Casino not only transforms his life but also underscores the exciting possibilities available through SouthAfricanCasinos.co.za and Tusk Casino, marking a significant moment in the South African online gambling landscape.

Latest News

Atlaslive Celebrates Multiple Nominations for EIGE 2024, Including Best Marketing Campaign

Published

1 day ago

September 6, 2024

Wladimir P.

Reading Time: 2 minutes

Atlaslive, a B2B software provider delivering high-quality solutions for the iGaming industry, has been shortlisted in all four of its nominated categories for the upcoming European iGaming Excellence (EIGE) Awards 2024. This recognition underscores Atlaslive’s commitment to innovation, excellence, and leadership in the iGaming industry.

The nominations include:

Best Marketing Campaign: Our rebranding campaign has been recognized for its strategic approach and impact, reflecting Atlaslive’s dynamic evolution and our continuous efforts to connect more deeply with our partners.
Best eSports Betting Provider: This nomination highlights our cutting-edge eSports offerings, which are designed to meet the growing demand for immersive and reliable eSports betting experiences.
Innovation in iGaming Technology: At Atlaslive, we thrive on challenges and excel in high-pressure, high-traffic moments. Our peak performance technology, which ensures seamless operations even during the most demanding periods, has earned us a spot in this category.
Best iGaming Supplier: Being recognized as one of the leading suppliers in the iGaming industry is a testament to our comprehensive and scalable solutions, which continue to set new standards for reliability and excellence.

The final vote for the EIGE 2024 Awards will take place during the European Gaming Congress, held on October 15-16, 2024, in Warsaw. Atlaslive is proud to attend as an industry leader, contributing its expertise in two key panel discussions:

The Future of Esports: Opportunities and Challenges – October 15
Optimizing Sportsbook Operations for Enhanced Performance – October 16

Atlaslive’s CEO, Maxim Slobodyanyuk, commented, “Our success is built on a foundation of relentless innovation and a deep understanding of the iGaming landscape. Every solution we develop is designed with our partners’ growth and success in mind, ensuring they have the tools they need to thrive in a competitive market. These nominations validate our strategic direction and the trust our partners place in us. We’re not just reacting to industry trends; we’re actively shaping the future of iGaming. By staying ahead of technological advancements and continuously refining our offerings, we aim to lead the industry in delivering exceptional value. Our vision is clear: to be the go-to partner for businesses seeking not only cutting-edge technology but also a collaborative and forward-thinking approach to long-term success.”

Join Atlaslive as the company shares insights and shapes the future of iGaming.