#Czechia

The European gambling market has shown significant growth in the last decade. The Covid-19 crisis slowed growth compared to 2019, but accelerated the market transformation from offline to online. Europe’s online gambling revenue was expected to reach 36.4 billion euros in 2021. Eastern Europe is among the fastest-growing regulated online markets.

New study reveals Romania is Europe's best gambling holiday destination. Online gambling site Casinogrounds analysed the number of casinos and the average cost of hotels in 35 European countries and combined the results into a weighted index with a score out of 10.

The Prague Gaming Summit was held last week. It was attended by the major stakeholders of the gaming and gambling industry of CEE region. The participants had the opportunity to dive into licensing and business-related information from the Czech and Polish markets. The conference also included a keynote presentation about Live Games. There was also a fire-side chat with the latest updates about Sweden, Denmark, Finland and Norway. They also had a discussion about the vital role of Fintech in the industry. This session was hosted by Simon Planzer. He is an AML expert at Sentinels.

Gambling is a popular hobby in Canada, Australia and all over the world. Czechia is another country where this hobby is really popular. The Czech Republic also has a strong community that enjoys online gaming.

The COVID-19 pandemic accelerated the trend towards tougher laws on online gambling advertising. Online gambling operators are regulated by laws and ethical standards. Many gambling boards have introduced temporary restrictions. The current restrictions remain in force even today. The issue of how to advertise online is both legal and an ethical one.