Research (Česká spořitelna)
Czech markets  |  March 04, 2013 09:18:30

Fortuna: The Government will act to legalize betting in the EU

In the center should discuss Czech Cabinet to legalize betting activities from the EU to the Czech Republic. (HN, Fleetsheet)

Currently in the Czech Republic for those now illegal bookmakers business, while there is no tax. In total, it is estimated that the illegal market constitutes about 30% of the total market. It is not yet clear whether there would be the legalization also had to pay taxes. Potential impacts on Fortune are rather positive. If these operators had to pay taxes in the Czech Republic, it would at least align with market conditions (Fortuna today charged 20% of the gross proceeds, plus pay 19% income tax, taxation of offshore companies are moving more in percents).In the second case, when they failed, they would pay taxes here, so Fortuna could legally begin to use their offshore platform and FortunaWin tax would not apply in the Czech Republic as well. This would increase the profit of the group by about 30%.

Václav Kmínek

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