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Germany urged To Open up Sportsbetting

5/19/10 - The Right2Bet initiative that encourages business equity in European online gambling regulation reports in its latest circular that Germany’s Olympic Sports Federation has called upon the government to legalise sports betting.
 
The lucrative but monopolistic stranglehold that German states have on betting will be difficult to break, but adding the voice of influential bodies such as the Olympic Sports Federation is undoubtedly a positive development. This is especially so as it has combined with Germany’s biggest football league – the Bundesliga – in calling for an end to the German Interstate Gambling Treaty of 2006.
 
Currently, Germany forbids its citizens from betting online, unless they do so with the State monopoly provider, and it is exactly this type of situation that right2bet is trying to reverse.
 
Riught2Bet comments: “The betting industry does not differ from other sectors in that when only one operator is permitted to offer its services, customers directly lose out in terms of the quality of product, the range of service, and the value they derive from it. In fact, Our Betting challenge shows that German punters forced to bet with Lotto Bayern, are subjected to odds that are on average 34 percent worse than other private European operators.
 
“Yet aside from the direct misgivings mentioned above, German customers, and sports fans in particular also suffer as a result of their sports clubs and associations being forced by the government to shun an industry that is willing and able to pour millions of Euros into all levels of German sport.”
 
The pressure group goes on to explain that German sports clubs are prevented from signing sponsorship deals with major European betting operators, and this in turn disadvantages them when facing competition elsewhere on the Continent.
 
There are other benefits to having large and reputable foreign gambling groups in the German market, not least of which is the ability to flag suspicious bets in the fight against corruption in sports.  This is something that many top online gambling companies regularly action, using sophisticated tracking capability to warn sporting authorities of suspicious activity.
 
The tight restrictions on German punters also encourage them to go elsewhere for more competitive action, and not always to safe or reputable offshore venues.
 
“This dangerous status quo can in our opinion only be reversed when the relevant authorities choose to work together with sporting bodies and the betting industry, not against them,” Right2Bet opines.
 
“The decision of the OSF to come out in support of this policy-change is a vital step in the right direction. We hope that they, along with the consumers signing our petition, will force the German authorities to review their current position which continues to disadvantage their sporting institutions and their citizens.”

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2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

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BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

Cherry CEO Fredrik Burvall Steps down - Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta

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