Czech Government adds new consumer protections to gambling laws

The Czech Republic is to introduce a series of consumer protection laws to its revamped gambling regulations.

Issued by the Czech Ministry of Finance earlier this week, the guidelines require operators to set maximum limits for players on an hourly basis.

According to the Casinoscamreport.com website, these limits must comply and be of a mathematical formula that uses and accepted tool to calculate losses for players.

Limit factors will include the size of a wager, average payout and the number of times a bet is place.

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Earlier this year, the Czech government introduced sweeping changes to gaming laws in the country, with operators now facing tighter licensing processes, such as having to hold an official seat in a European Union or European Economic Area country.

The regulations have led to a mixed response from operators, with a number of major brands having withdrawn from the country as a result.…

The post Czech Government adds new consumer protections to gambling laws appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Source: EEGaming.

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