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Germany Reservations expressed on gambling treaty
July 10,2012 : BETTER NEWS FROM GERMANY (Update)
Reservations expressed on gambling treaty
In recent weeks online gambling developments in Germany have hardly made for cheerful reading: New federal taxes on sports betting; provinces signing restrictive treaties; and the prospect of a new government in Schleswig Holstein backing away from that province's encouragingly liberal online gambling regulatory initiative have all conspired to cast a shadow over optimistic German market predictions.
Threats by the European Commission that it will insist on compliance with EU laws appear to have done little to bring the German lander into line, but this week a report from the German equivalent of the Monopolies Commission must surely have given provincial governments pause for thought.
The Commission reportedly issued a strongly critical assessment of the gambling treaty, casting doubt that it can effectively obviate problem gambling.
Regulations framed under the treaty are also condemned as “...more often driven by fiscal interests than social goals”.
The conclusion the Commission reaches is that the regulations should be revisited and revised ....perhaps at the same time bringing the treaty into compliance with EU law?
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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