More Operators Leaving Poland as Market Prepares for Tight RegulationsPublished March 26, 2017 by Florin P
Poland’s Gambling Act will go into effect on April 1 and could cause the exodus of leading operators, much to the dismay of local players.
Polish punters and casino players are waiting to see how the new gambling bill will shape the local market. It will go into effect on April 1 and is going to bring sweeping changes for online operators and those who play there. The changes are supposed to make the gambling industry better and safer, yet the road ahead is anything but smooth. bet365 seems to be one of the casualties, as the gambling company has announced players that it will be leaving Poland.
Trying Times for Leading Gambling Operators
bet365 is one of the industry leaders and it has plenty of satisfied customers in Poland, who are not happy to see them go. Their products will no longer be available starting on March 30, but members will be contacted and instructed on how to withdraw their funds.
New Polish Legislation
The new legislation was approved in December 2017 and signed into law by the president one month later. The changes will take effect on March 31 and Poland’s Gambling Act will impose a 12% tax on wagering turnovers, which can hurt the profits.
The controversial legislation will affect several operators, but the impact of bet365 leaving Poland will hurt those who play on their website. The European Court of Justice received formal complaints from leading operators on the account that the new law favors local betting companies, owned by the state. So far, Polish legislators stood their ground and refused to give in to the European Commission’s request to produce laws that are in accord with European legislation.