Czechs Plan Regulatory Overhaul For Booming Gambling Business

The Czech Republic’s Ministry of Finance has opened a consultation on sweeping new gambling legislation expected to be introduced later this year, with regulation of the booming machine gaming sector a likely priority as latest figures underline the astronomic rise to market prominence of loosely-regulated video lottery terminals.Figures published by the Ministry of Finance last week show that Czechs spent a record Kc108.3bn (€4.4bn) on gambling last year, an increase of 9.4 percent from 2006. The latest rise means Czech gambling spend has increased four-fold over the past 15 years, the Finance Ministry said.

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial

Click here to request a trial