GVC leaves Czech market
The UK-based online gambling operator is set to leave the Czech market because of its licensing regime.
Czech Republic.- Just a few days after subsidiary PartyPoker announced that it would withdraw its license application in the European country, GVC Holdings revealed that the full brand would also be leaving the country.
The company had already taken out its brands from the Czech market but it was a move to suspend activities. With the new announcement, GVC confirmed that the measure is set to be permanent or until the country changes its current regulations. Back in February authorities reported that they would go on with their intentions to block illegal gambling sites in the country, since a national court supported the decision by declaring it as constitutional. The gaming industry is controlled by new legislation, which became effective in January 2017.
Whilst GVC officials said that they support the decision of the government to renovate the online market in the country, they believe that it’s important that international operators see benefits in the market so it can also keep growing.
