NEW VPS PLANS

Experience Ultra-high Performance of NVMe Storage on New UK VPS Plans.

Deploy Instantly
  • +357 2425 0808
  • Login
  • English

Home

Blog

GVC Holdings Withdraws Czech Republic Li...

GVC Holdings Withdraws Czech Republic Licence Application

GVC Holdings Withdraws Czech Republic Licence Application

NetShop ISP

NetShop ISP · Blog Author

May 24, 2017 · Archive

The online gaming operator GVC Holdings has withdrawn its application for a licence from the Czech Ministry of Finance, as it has said the country’s new licensing regime is unworkable.

Last week GVC informed its players living in the Czech Republic through the gaming sites of Bwin and PartyPoker that it has withdrawn its licence application as the new Czech gaming law it is not compliant with the European Union principles.

That was the message in Bwin’s site, translated in English, according to Poker Arena which is the local poker news outlet:

“Our goal is always to offer our customers a reliable and secure gaming experience and ensure that we offer our gaming products only if we are sure that everything is in full compliance with the law. As stated above, we have asked for the release of several Licences that will allow us to provide our gambling services within the Czech Republic. However, during the process of these applications, it has been shown that the recent changes in the legislation of the Czech Republic, together with the application in practice by the Czech authorities, are incompatible with the principles of the European Union and can not therefore be applied. We fully support the development of a regulated and well-functioning online gaming market in the Czech Republic and we hope that the Czech authorities will consider the emerging issues and will work with operators to successfully achieve this goal.”

According the new Czech gaming law, the taxes of the online operators are from 23% of sports betting revenue to as high as 35% for online slots play, on gross revenue.

With this decision of lawmakers to impose such a high tax, it will result in the country’s negative attractiveness to foreign entrepreneurs.

Press Releases
72

Free VPS Trial

No Credit Card Required.

Recent Posts

How NetShop ISP Improves Trading Infrastructure Resilience through Equinix LD7 Data Center Hosting

How NetShop ISP Improves Trading Infrastructure Resilience through Equinix LD7 Data Center Hosting

21 March, 2024

Introducing New Cutting-Edge VPS Plans: OKTAPLUS, HYPER, and TITAN Enhanced with NVMe Technology

Introducing New Cutting-Edge VPS Plans: OKTAPLUS, HYPER, and TITAN Enhanced with NVMe Technology

12 March, 2024

How To Install Let’s Encrypt SSL on Ubuntu Server 22.04 for Apache or Nginx

How To Install Let’s Encrypt SSL on Ubuntu Server 22.04 for Apache or Nginx

04 March, 2024

Navigating Forex Server Hosting: Key Distinctions from Conventional Providers

Navigating Forex Server Hosting: Key Distinctions from Conventional Providers

23 February, 2024

How to Install Nginx, MariaDB, PHP-FPM on AlmaLinux 9 Server (LEMP)

How to Install Nginx, MariaDB, PHP-FPM on AlmaLinux 9 Server (LEMP)

16 February, 2024

#letushostyou

Award Winning Hosting Provider established in 2004.

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2024 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer