Czech Gambling Laws Decreed a Success by Ministry of Finance
The Czech Republic’s Ministry of Finance has published the results of an assessment of the effectiveness of gambling laws that were passed in 2016.
The analysis has found many positive side effects of the law. The number of slot machines in the country has fallen 62%, from 53,554 to 20,269, and gamblers are now less likely to develop an addiction to the activity.
The laws were also found to have had a positive impact on the character of cities, as bars that once offered slot machines have been replaced by modern cafes, hairdressers, and places for children.
By setting clear rules, we have managed not only to tame rampant gambling but above all to better protect our citizens and their families from the destructive consequences of gambling addiction. There are currently over 200,000 people on our list of people who are not allowed to participate in gambling.
The 2016 laws included regulations that strengthened supervisory powers, introduced mandatory registration, limits on gambling advertising, and a ban on alcohol and smoking while gambling. There were also laws past designed to increase awareness of the negative effects of gambling while a new and more efficient tax system was also introduced.
However, the country is now facing a challenge with online casinos and internet gambling. Since the new laws came into effect, there has been an increase in online gambling from 10% of the population to 45% in 2020.
Schillerová added, “Internet gaming is becoming increasingly risky, mainly due to the speed of the game, players’ anonymity, and the 24-hour-a-day availability.”
The country already has some laws to discourage online gambling, such as mandatory registration for gamblers, the ability to impose self-limits, reporting obligations for operators, and restrictions on advertising. However, they have not proved to be very successful, so it is likely that the new laws will be passed to address the challenges related to online gambling.
More Regulation News
RELATED TOPICS: Regulation
Latest News
Responsible Gambling
Parlays, Pressure, and Addiction - The Risks of Modern Sports Betting
Dec 20, 2024Most Read
Must Read
Interviews
When Helping Others Is a Life-Long Mission - An Interview with Gordon Moody CEO, Monica Shafaq
Dec 17, 2024
Interviews
Review this New Post
Leave a Comment
User Comments
Comments for Czech Gambling Laws Decreed a Success by Ministry of Finance