GamblersPost Gamblers Post is a dedicated news and networking portal in the online gambling industry which features news, opinions, interviews as well as product and software reviews.
Yggdrasil, a gaming software development company has made its debut in the Czech gaming and gambling market. The company has partnered with Tipsport.
Tipsport customers will now be able to access Yggdrasil’s portfolio of locally certified games including Luca Maniacs, Valley of the Gods and the Vikings trilogy.
After recently going live in the Spanish market thanks to the partnership with Casino Barcelona, launching the games in the Czech Republic further expands Yggdrasil’s footprint in regulated European markets. The newly regulated online gaming and gambling market in the Czech Republic is estimated to have been worth nearly €500m.
“Going live with Tipsport is another important milestone for us as we continue to implement our growing regulated markets strategy. As the country’s largest operator, Tipsport is the perfect partner for us and we are looking forward to working together,” said Fredrik Elmqvist, CEO at Yggdrasil.
The launch comes after the Czech Ministry of Finance confirmed in May that it will increase the tax rate on certain gambling activities in the country from January 2020. Lotteries, live games and bingo operators will be taxed at 30%, up 23%, while the rate for fixed odds betting will also rise from 23% to 25%.
