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Czech Republic launches regulated online gambling industry

At least two of the five land betting companies licensed to offer Internet gambling by the Czech government, Fortuna and Sazka, are now online and operating according to media reports from the region. The latest to launch is Sazka Tip.cz following the issue of licenses last month (December) to Sazka, Fortuna, Chance, Synot Tip and TipSport, with a start date of January 5th 2009.

The Czech authorities are keeping tight control over online gambling with a regulatory regime which licenses only thoroughly vetted and well established land betting organisations, where Internet gamblers must first appear in person to register and provide proof of identity, age and residence before accessing the online services.

Other regulations include a prohibition on third-party access, a requirement that the servers must be located within the Czech Republic and arrangements for fairness verification of the softwares in use by a recognised testing authority.

Licensed companies are subject to regulation and monitoring in terms of the Gaming Act, and will pay administrative and state supervision fees, with a percentage of the income going to charitable causes.

And licensees must sign an obligation to adhere to the European Responsible Gaming Standards.

Source: InfoPowa News

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