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German Sports Betting Market Soaring

GERMAN SPORTS BETTING MARKET SET TO SOAR
 
Euro 5 billion mark will be breached by the end of this year claims recent independent study.
 
The German sports betting market may be roiled by legislative confusion, but it holds out the promise of big rewards for operators, according to a new study from the independent research and analysis company Gold Media.
 
The study of land and online gambling potential predicts that by the end of 2016 the German sports betting market will be worth Euro 5 billion or more...a significant Euro 300 million rise from the end-2015 figure, thanks in part to the currently running Euro 2016 football championship.
 
To give some perspective on the impact of Euro 2016, bear in mind that UEFA has recently estimated that wagers on this years football extravaganza will reach new heights at Euro 68 billion.
 
Gold Media has taken into account both licensed and "grey" unlicensed activity in the market, predicting that the "grey" operators will deliver the lions share of the betting bonanza at Euro 4.9 billion.
 
The study predicts that the German government will gather in tax revenues on sports betting of around Euro 250 million, with almost all of it coming from "grey" unlicensed companies who have nevertheless elected to pay tax (in the hope of eventually getting a licence once the lawmakers have cut through the legislative obstacles that continue to restrain development in the market).
 
That development has continued in spite of the muddled efforts of German lawmakers, with Gold Media calculating a creditable "grey" market growth rate of 12.1 percent annually since 2012 despite the dithering in political circles.



Gambling News :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

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.

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.

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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