William Hill Bails Out on Czech Gaming Market

UK gaming group William Hill has announced that they're leaving the Czech gaming market, due to the country's decision to tighten its online betting laws.

The company announced the move in an email to affiliate marketers, saying that recent regulatory developments caused the company to abandon the market for the time being, although they did leave the possibility open that they'd come back in the future.

The new Czech gaming laws will require operators to obtain licensing in the country, pay a 35% tax on Gross Gaming Revenues, make a security deposit of €1.9 million, and may not provide any live dealer services. Those new moves have caused many prominent online gaming operators to leave the Czech market, as they await more favorable conditions to enter the country of 10.5 million people.

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Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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30 December 2016 - 11:31pm
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Maybe William Hill would be purchased and will have a new owner soon and probably that's for good because at the moment they being away of many of the markets in Europe which is not usual for a leading brand in the industry and they should start growing instead of leaving markets.