Czech Govt Lowers Proposed Bettng Tax (update)

Increases slot machine taxes

Czech social democrat parties ANO and Christian Democrats have agreed changes to a proposed rise in betting industry tax from 25 percent to 23 percent, Reuters reports.
The lower increase in betting tax, which currently stands at 20 percent (see previous InfoPowa report), will significantly benefit market leaders such as Fortuna Entertainment Group.
"We agreed in the coalition council that this amendment should be filed," Roman Sklenak, Social Democrat caucus chief said.
According to Hospodarske Noviny business paper, Fortuna Entertainment could save around 30 million Czech crowns ($1.26 million) due to the lower-than-planned tax in 2016.
But not positive news for slot machine manufacturers who will be subjected to 28 percent tax, 3 percent more than the proposed increase. Operators will also be subjected to a 110 crown per machine per day fee.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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