NetEnt Games now live with Tipsport in Czechia
The last news regarding NetEnt’s expansion in Europe involved Serbia where the NetEnt Games went live in June this year. In the meantime, the company added their table games to their Spanish content portfolio while it was in the beginning of October that a second deal was signed in Latin American with Caliente. NetEnt’s expansion continues as it was earlier today the leading provider of digital casino solutions announced it has launched its award-winning games on the regulated market in Czechia with Tipsport, the leading sports betting company in the country.
The Czech Gambling Act
Czech online gambling regulation has been adopted only recently and entered into legal force on the 1st of January 2017. The Gambling Act replaces the outdated Lottery Act which was violating the EU law in not enabling entities from other EU countries to operate gaming in Czechia. Along with the Gambling Act, two related bills were passed as well, namely the act on gambling taxes and an act amending certain acts in connection with the approval of the above-mentioned regulations amending for instance advertising act or act on income taxes.
Thanks to the new Gambling Act, the Czech gambling market is now formally opened for businesses located in the EU and in EEA countries. Companies awarded an online casino license in Czech will be charged 35% taxes for technical games and 23% for other games in addition to general corporate taxes.
Enrico Bradamante, MD of NetEnt Malta Ltd, commented: ”We continue to deliver on our strategy to expand on regulated markets globally and we are excited about entering Czechia. I am confident that our games will be well received by Czech players and that we can support Tipsport in driving online casino growth.”
NetEnt’s expansion in regulated market continues
NetEnt’s keeps delivering on their global growth strategy by strengthening their position on regulated markets and in 2016, for example, the company entered regulated markets in Romania, Mexico, Portugal, and Bulgaria. This year NetEnt Games went live in Mexico, as a result of the agreement signed in 2016, in Serbia, and now in Czechia as well while a casino license was obtained in British Columbia, Canada in May.
Thanks to the continuous expansion, NetEnt is the online casino supplier with the largest presence on regulated markets globally in terms of the number of licenses and certifications. Today another country can be added to the list as, after a successful integration process, the NetEnt Games went live with Tipsport, the leading sports betting operator in the Czech online gambling market.
Jakob Lorentzon, Online Casino Director at Tipsport, said: “Tipsport, as the market leader, always prefers to work with established, trusted companies to deliver the best solutions and offer highest quality product to our customers. This is why we chose to partner with NetEnt.”