Czech gambling legislation makes progress

The Czech lower house has approved legislation to raise taxes on gambling firms and open the online market to foreign operators. Reuters reports that, as of next year, tax on slot machines will increase from 28% to 35%, with verticals including sports betting and lottery remaining at 23%. The bill still needs to be approved by the Senate. The taxation, which is in addition to the regular 19% corporate tax rate, is designed to bring in an extra 1....