Czech Republic is Reluctant to Allow Foreign Hand in Gambling

The Czech Republic maintains a licensing monopoly in gambling services. Its legal system has created some restrictive provisions on outsider gambling operators and has vested the power to suspend such provisions to the Ministry of Finance. Moreover, the government has introduced legal provisions allowing the government to divert money from gambling business to those causes the government deems appropriate. Thus, gambling is also a good source of revenue to the republic. This article introduces the reader to the Czech Republic gambling law, its main provisions, and tax related repercussion.

The following questions have been addressed in this article:

What are the barriers to the free flow of gambling services in Czech Republic?
What taxes and duties are levied on gambling operations in Czech Republic?

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