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FIRST SCHLESWIG-HOLSTEIN SPORTSBETTING LICENCES AWARDED

Thursday, May 3,2012 : FIRST SCHLESWIG-HOLSTEIN SPORTSBETTING LICENCES AWARDED (Update)
 
Patience yields results for first three legal sports betting operators in Northern German State
 
The Northernmost of the sixteen states of Germany, Schleswig-Holstein, has awarded the first three new online sports betting licences to operators in the State's newly opened online gambling market for a period of six years.
 
Recipient’s myBet.de (JAXX), Betfair.de and NordWest Lotto (State Lottery) are expected to be followed by others with Interior Minister Klaus Schlie confirming the award of poker and other casino-style game licences in the coming weeks.
 
The news follows a drawn out battle between Schleswig-Holstein’s more liberalised view and the other 15 German Lander, with criticism from the European Commission and other industry bodies on the restrictive laws that eventually led Schleswig-Holstein to break away.
 
Initially licenced operators will be able to offer their services within the State and are required to pay gross profit tax of 20 percent, as opposed to the more severe tax on turnover, in a German sports betting market estimated to be worth a minimum of Euro 5 billion.
 
Mathias Dahms, chief executive officer, JAXX SE said: "Of course we are very proud to hold one of the first Schleswig-Holstein sports betting licenses in our hands, the approval for mybet has already become a historical document, because it is for a future-oriented regulation of the gaming system.
 
"The regulatory authority in Kiel has achieved a particularly complex and demanding process, which in some cases significantly exceed the requirements in other European countries. It was a tough job.
 
"Schleswig-Holstein is seen as the only State to formulate a European and constitutional compliant law, which takes into account the interests of the players, the provider and the country alike. The treaty draft of the other 15 states is obviously a bad compromise, which has become entangled in a federal scrub. Even the opposition in the State Parliament will now find that their own gambling law is good for the country and its finances."
 
Commenting on the news, Betfair’s Chief Legal and Regulatory Affairs Officer, Martin Cruddace, said:
 
“We are delighted to have been awarded one of the first three licences to operate in Schleswig Holstein. We look forward to making a significant and sustainable contribution to the newly formed market there, offering consumers innovative products in a safe and responsible betting environment.
 
 “Schleswig Holstein’s government should be applauded for its efforts to implement a regulatory regime that will provide security for consumers, transparency for regulators and the freedom to compete for EU operators.”



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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