Playtech games live in regulated Czech Republic online market
Playtech casino games can now be accessed in the Czech Republic after content and software supplier’s deal with Fortuna, the country’s first licensed online gambling operator.
Last week, Fortuna secured the first-ever licence to operate online technical games from the Czech Ministry of Finance. Fortuna is now up and running with a bunch of Playtech’s online and mobile slot and table game content.
After joining forces in August 2016, the two firms have launched products in Romania and intend to expand their reach to countries like Poland and Slovakia in the future.
“We are delighted to be the first supplier to go live in the Czech Republic with our pioneering omni-channel platform technology and best-performing casino content and to further expand Fortuna’s offering in this newly regulated market,”said Shimon Akad, Playtech’s chief operating officer.
“We pride ourselves on being leaders in regulated markets and today’s announcement highlights just how we always aim to lead the way.”
At the moment, brands wanting to enter the online gambling market of Czech Republic need to secure a licence or face prosecution from the national regulator and police.
Companies will also have to adhere to rigid licensing processes, which includes a new tax rate of 23% on gross gaming revenue for sports betting and lotteries, and 35% for RNG casino games, on top of a standard 19% corporate tax rate.
David Vanek, general manager, Fortuna CZ, added: “We are proud to be the first company in the Czech Republic to have met the demanding conditions defined by the new legislation and to be granted a licence as a result.
"Broadening our product range to complement our sports betting offering is a major priority. We are therefore very pleased that our customers will be the first to play online roulette and casino games in full compliance with Czech legislation.
“Granting this licence means that Fortuna has become the first multi-product (sports and games) gaming company in the Czech market. Our new online casino and aggressive games expansion is crucial to growing the business and means the Fortuna product offering will be comparable to some of Europe’s largest operators.
"Thanks to our close co-operation with Playtech, the industry’s leading online gaming technology company, we have a comprehensive range of best-performing products and the best gaming experience to offer our players.”
Kai started working in the Gaming Industry in 2001 when he managed a Horse Betting Shop in Germany. With the more and more upcoming needs for Sportbetting Solutions for the German speaking market he moved in 2003 in Malta where he built up TopSportWetten, one of the first Sportbetting operators working from Malta with a Remote Gaming License.
In 2005 he moved to a new venture and joined the newly formed Team of BetUnited, a Company that had the goal to target the German speaking online market with a full portfolio of Betting, Poker, Casino and Games of Skill.
In 2007 he left BetUnited and concentrated on helping new Companies coming to Malta to obtain a remote gaming license and establish operators on the island.
In 2011 he founded Simka Consulting to combine his knowledge in the operational part of the IGaming Business with the Marketing expertise of Simona.
- TopSportWetten - Managing Director and Key Official
- Bet United - Managing Director and Key Official
- MMBet - Managing Director and Key Official
- Olympia Bet - Managing Director and Key Offical
- Production Planning and Project Manager - Infratec Pro Ltd.