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EU APPROVES SCHLESWIG-HOLSTEIN GAMBLING PROPOSAL
Written On 5/12/11 By Recentpoker.com staff writer Lenny Wasman :
A significant step closer to regulated gambling in German State
The more progressive attitude of Germany's Schleswig-Holstein State towards online gambling is positioned to reap rewards as the European Commission has approved the States draft online gambling bill.
Schleswig-Holstein opposed the other 15 State Minister Presidents‘ decision on an amended Gaming Treaty, and instead drafted and submitted a less draconian, independent, online gambling draft regulation to the European Commission.
The draft bill proposes a 20 percent tax on gross profit as opposed to the harsh 16 percent revenue tax in the amended Gaming Treaty, that there be no limit put on the number of operators awarded licences, that all products should be allowed and that a strict consumer protection mechanism be put in place.
Two points raised by the European Commission on the Schleswig-Holstein draft gambling bill questioned why only large banks will be able to give guarantees in the licencing process and the other refers to regional lotteries that aren't relevant to online betting. Both points are considered minor.
Operators have welcomed the approval of the draft gambling law with online betting groups Betfair and bwin.party commenting on the approval.
"Betfair welcomes the European Commission's approval to the Schleswig-Holstein draft gambling law, which is a decisive step forward in the political process to modernise gambling regulation in Germany. Betfair is committed to obtaining a licence in Schleswig-Holstein if the draft gambling law is passed by the Schleswig-Holstein Parliament", commented a Betfair spokesperson.
Bwin.party spokesman, John Shepherd told Dow Jones Newswires: "With just two minor points to be addressed, we view the EU's findings as a clear signal to the other 15 federal states that Schleswig-Holstein is moving in the right direction."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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