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Liberalised German Gambling market has tremendous potential

In what could turn out to be a milestone event, politicians and a diversity of interested parties met in Kiel, Germany recently to exchange ideas on a new State Treaty which might permit the existing monopolies to hold on to lucrative lotteries but also benefit from the rewards of a liberalised and strictly regulated market.
 
Among the 80 delegates involved in the discussions were politicians, lottery and betting companies, sports associations, academia, media and advertising industry representatives.
 
The publication isa-guide.de reports that the consultation was organised as a hearing for the formulation of a Schleswig-Holstein draft for a new State Treaty to replace the former exclusive agreement between German states, which expires in 2011.
 
The CDU parliamentary leader Christian von Boetticher and his colleague Wolfgang Kubicki FDP observed that it was not too early to commence a serious debate on the next treaty, and that such a discussion should be open-minded in order to effectively examine all the possibilities, including the repeal of the present internet gambling bans.
 
Recent rulings by the European Court of Justice and developments in other European nations, together with a Deloitte survey that showed government revenues from gambling have been declining, were seen as motivation for a new approach to the legislation and future treaties.
 
A representative from Pokerstars said there was significant potential for online poker in Germany, which he estimated could be as high as Euro 7.8 billion in revenues, given time and a sensible regulatory environment.
 
Taking a more current view, Dr. Michael Schmid, a consultant with Gold Media, said that a study by his company put the value of the unregulated, foreign-based online casino market in Germany at Euro 1.5 billion – a quarter of the total market.
 
Norman Faber, a German lottery executive, warned that if the current monopolistic system was allowed to continue it could ultimately put at risk tens of thousands of jobs and the survival of many businesses in Germany.



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Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

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MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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