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Czech Republic Warms up to Online Gambling

Czech Republic legalises online gamblingJanuary 5 - Today (January 5th 2009) the Czech Republic government will change its gambling laws to allow a limited number of domestic online gambling licenses to be granted, which will signal the beginning of a legalised and regulated online gambling industry in the former communist country.

The Czech Republic's new online gambling laws will allow five of the country's largest gambling operators to apply for the coveted online gambling licenses from the Finance Ministry.

This means Czechs will soon join a growing number of European Union citizens allowed to legally gamble online.

Said Tomas Bahnik, a spokesperson from one of the likely licensees, Fortuna Group, 'We are very happy that the Czech government has at long last made the move to legalise and regulate online gambling. As such, the online gambling industry here will undoubtedly be very strict and well monitored.'

The move is also expected to eradicate underage gambling and interest in foreign-owned online gambling sites. Up until now, Czech-based online gamblers have gambled freely on foreign-owned sites.

The country's new online gambling laws are also aimed at keeping online gambling revenues in the country.

'For too long we have been unhappy that foreign online gambling companies have been allowed to operate in the Czech Republic without any legal controls, which means they operate in this country illegally. But now we'll have the same opportunities as these foreign gaming operators,' said Bahnik.

Good on you Czech Republic!



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