Partypoker receives licence for the Czech online poker market
Partypoker has finally been granted a licence to operate and enter the online poker market in the Czech Republic!
It is the second international operator to acquire an online gambling licence in the country and will be only the second licensed online poker site.
Partypoker obtained the licence with the help of King’s Casino, Europe’s biggest poker room, and will operate in partnership with them. It will be available for desktop and as Mac poker site.
“We have exciting plans and plenty on offer for Czech players“
Tom Waters, managing director of partypoker said:
“We are delighted to be working with King’s Resort to offer online poker in the Czech Republic. We have some ambitious and exciting plans for 2019 in partnership with King’s and there will be plenty on offer for Czech players. We are currently in the final stages of completing the technical set up and look forward to announcing further launch promotions and events and full details of our product offering in the coming weeks.”
Leon Tsoukernik owner of King’s Casino added:
“It is a great honour to co-operate on such an interesting project with such an important partner on a global level for us. We will be able to offer players great connection between the online and live game to maximize their gaming experience. King’s Resort is already a major player in the poker world, hosting Europe’s largest live poker room, and this is a further big step forward in our commitment to players.”
Czech Republic Poker Laws
Czech Gambling laws date back all the way to the 17th of May 1990, when the Lotteries Act was signed.
In June 2016 Czech president Miloš Zeman signed a bill, called Gambling Act that came into effect on the 1st of January 2017 and officially legalized online gaming.
It regulated all forms of online and land-based gambling including poker, casino, slot machines, sports betting and lotteries.
Best Czech Poker Sites
Due to the strict new Czech Gambling Law, it is very important that you to choose one of the Czech poker sites, which have a licence to operate in the Czech Republic.
Thereby you are avoiding problems with deposits and withdrawals and protect your bankroll.
VIP-Grinders.com recommends the following poker sites for Czech online poker players:
How to Find the Best Czech poker rooms?
There are many factors such as legislation, traffic, software, rakeback and poker bonuses to consider to be able to find the best Czech poker sites, but don’t worry as the VIP-Grinders.com team has done that for you already.
Another imortant factor when searching for the best Czech poker rooms is the traffic, software and a wide variety of games such as Texas Hold’em, Pot-Limit Omaha, Fast-Fold Poker, Zoom, Knockout Bounty tournaments, MTTs and Sit & Gos.
We highly recommend to stick to one of the poker sites listed above to avoid problems and to make sure that your online poker is most profitable and rewarding.
What does the new Czech gambling law mean for online poker?
When it comes to online poker, there are certain restrictions such as:
- The rake of online tournaments has to be a minium of five percent
- A guarantee can’t be offered until at least 50% of the guaranteed prize pool are collected
- Online poker sites can now offer modern poker formats such as Zoom, Fast-Fold Poker, Spin & Gos, Knockout Bounty tournaments, shootouts and satellites
What are the goals of Czech gambling laws?
According to an official statement of the Ministry of Finance the goal of the new Czech Gambling law was to to strictly control “hardcore gaming like slots or table games“ as well as to replace the morally and technically outdated Lotteries Act from 1990.
We have listed the major benefits of the new Czech Gambling Act below:
- Allowing companies from other EU countries to operate in the Czech Republic
- The opportunity to operate games over the internet
- Introduction of self-exclusion measures as well as a register of players excluded from gambling
- Measures to fight illegal online gaming providers by blocking their websites and payment options.
Critics claim that the new Czech Gambling Law was solely introduced to increase taxes and making the market less appealing to foreign online gaming companies.
In fact, the increase of 35% taxes on gross gaming revenue plus 19% corporate tax rate even made a couple of online poker operators such as William Hill and Betsson decide to leave the country.
More Czech poker sites are expected to follow
However, the two biggest online poker sites, PokerStars and Partypoker, have already re-entered the online poker market in the Czech Republic and proved them wrong.
It is very likely that more online poker operators will follow the market leaders and we will soon have a vibrant and very interesting online poker scene in the Czech Republic again.
Terms and conditions apply. New customer offer and 18+ only. Should you require help regarding your betting pattern, please visit www.begambleaware.org.