CZECH REPUBLIC

CURRENCY: Koruna (KCS).

EXCHANGE RATE: KCS 32.50 = US $1.

OFFICIAL LANGUAGES: Czech.

POPULATION: 9,964,000.

CAPITAL: Prague.

INTERNATIONAL CODE: TELEPHONE 420.

CURRENCY CONTROLS: The Czech Koruna is not convertible abroad and its import and export is limited to KCS 500.All external payments are subject to license based either upon the commercial rate or the non-commercial rate (such as travel).

Gaming Information: The Czech Republic joined the casino industry in 1988 opening its first casino in the spa resort town of Karlovy Vary.Law 202 passed in 1990 governs Czech Republic gaming.Only Czech companies may operate casinos.The operating company may be a joint venture with foreign interest, but Czech interest must have the majority control.The original Law 202 stated new casinos must be in hotel structure and all gaming must be in hard currency: the US$, German Mark or Austrian Shillings.However, the law has been modified to include casinos outside of hotels and gaming in local currency.