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German States Agree on Gambling
December 15,2011 : But Schleswig Holstein says "no thanks"
After months of debate, fifteen of Germany's sixteen Lander (provinces or states) gave their approval on Thursday to a controversial new gambling law supposedly aimed at liberalising the heavily monopolised market, but de facto offering limited improvements on the old treaty.
The current draft of the law, which has been widely criticised, not least by the European Commission, allows for 20 sports betting licences and introduces a 5 percent gambling sales tax.
State premier Peter Harry Carstensen of Schleswig-Holstein, advised that Schleswig Holstein stood alone in not signing up for the new law, which he said still needs the approval of the European Commission.
Schleswig Holstein has taken a more progressive approach to gambling reform, framing its own more liberal regulations, which have been applauded by online gambling companies and approved by the European Commission.
The Reuters news agency reports that foreign betting companies from other EU countries have complained that the new German law would favour state gambling monopolies and limit their activities in the German sports betting market, which is estimated to be worth Euros 5 billion.
Major groups like Betfair have urged the EC to block any attempt by the German lander to perpetuate their monopoly and exclude competition.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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