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SCHLESWIG HOLSTEIN: GERMANY'S NEW ON LINE GAMBLING MECCA?
Tuesday September 20, 2011 : A lucrative market, a strict but practical regulator and sensible internet gambling laws should prove a big attraction
Schleswig Holstein, the breakaway German province that refuses to align itself with other monopoly-minded German states and is going it alone with a European Commission-approved set of online gambling regulations, should prove a major attraction for EU operators wishing to legally access the lucrative German market...and the northern German province could be the domino that causes the other lander to follow.
Bloomberg business news reports that last week’s narrow but positive 46-to-45 vote is a break from Germany’s other 15 states, which had sought a more restrictive nationwide framework for betting after the European Court of Justice ruled last year that the country’s betting monopoly didn’t comply with European laws.
The more restrictive rules proposed by the other states have been dismissed as unworkable by major Internet gambling companies like Betfair and Bwin.party digital entertainment, and both companies have said they would consider using Schleswig-Holstein as a base for their German operations.
Meanwhile, the Malta-licensed but German oriented gambling group Jaxx SE plans to offer Web-based sports betting, poker and casino games to all Germany from Scheswig Holstein starting March 1 next year, says spokesman Stefan Zenker.
Schleswig-Holstein’s rules allow for an unlimited number of web-gambling licenses, plus a less onerous tax regime than that proposed by the other German states, which want to restrict licenses to only seven and levy an onerous 16.7 percent tax on betting stakes.
The Schleswig-Holstein regulations set down a 20 percent tax...but only on gross profit.
A fully unrestricted German licensing regime could vault Germany to first place in European online gambling gross win, from its current fourth spot, at Euros 773 million last year, predicts H2 Gambling Capital, a Manchester, England-based consultant.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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