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GERMAN STATE PASSES ONLINE GAMBLING LAW
Thursday September 15,2011 : Schleswig-Holstein approved licensees will be able to operate from March 2012
In passing its more liberal approach to online gambling Schleswig-Holstein has broken ranks with the other 15 German Lander despite recent talks to try and achieve a unified approach in Germany.
The passage today (Wednesday) of the new online gambling legislation, already approved by the European Commission, follows the customary parameters applied throughout Europe such as unlimited sports betting licences and will allow licenced gambling companies to offer exchange betting, sports betting, poker and casino game services with the exclusion of baccarat, blackjack and roulette.
Additionally a 20 percent gross profit tax will be applied to operators, a somewhat more viable option than the 16.67 percent individual stakes tax being bandied about previously.
The Schleswig-Holstein law will come into force in January 2012 with approved licences valid from March 2012.
A spokesperson for online betting exchange Betfair said: “Schleswig Holstein’s new online gambling treaty is a welcome piece of legislation geared towards creating a genuinely open, transparent and responsible online gambling market in Germany.
“We are pleased that it has today passed through the State Parliament and we look forward to applying for a licence to operate there.
“We are now hopeful that the other 15 German States will make the required amendments to their proposed State Treaty, in order to bring it into line with EU law and with the law passed in Schleswig-Holstein today.
"Betfair is committed to participating in the online gambling market in Germany, ready and willing to pay taxes there and offer German consumers competitive, innovative and safe products.”
Schleswig-Holstein-based gambling firm JAXX SE, parent company of MyBet.com, confirmed it would too be applying for licencing for its subsidiaries as soon as parameters had been finalised.
Mathias Dahms, Management Board spokesman of JAXX commented: “We welcome today's decision by the state parliament in Kiel. The new gaming legislation sets the bar high for promoters and sales partners, with standards that lead the way in Europe. Only serious, economically sound companies such as JAXX SE will be in a position to meet the requirements for the licences.
“The new law provides legal certainty and strikes a fair balance between protecting players, the interests of consumers and entrepreneurial liberty."
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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