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Written On  4.6.11 By Jennifer Jearu :

But the downside is a slew of restrictions and heavy taxes
One of the most controversial issues in online and land gambling, the monopolised nature of the German industry dominated by the sixteen German states, has seen a dramatic change this week following a meeting of the signatories to the German Treaty.
The announcement that the German market is to be liberalised follows years of dispute and differences with the European Commission and court decisions which have recently gone against the monopoly.
But the bad news is that the liberalisation, scheduled for 2012, comes with a slew of tough restrictions:
-     Lotteries will remain state-owned, however, sports betting will be liberalised
-     A turnover tax of 16.67 percent will be levied
-     Only seven licenses will be issued for a five-year probationary period
-     Online casino licenses will only be granted to existing land operators - and will continue to be strictly limited in number. This scheme will be evaluated after five years.
-     Betting on an outcome will be allowed, however, in-play betting will not be permitted
-     Licence-holders will be able to advertise in stadiums and place their logos on players' jerseys, but television advertising will not be permitted
Richard Taylor, an analyst at Liberum Capital, said: "The market's reaction is understandable for those with material exposure to Germany. At these tax levels, you can be sure that the operators will now be lobbying the government and arguing that, at almost 17 percent, there will be very little tax collected as they won't be viable businesses."
The share market has initially reacted negatively to the announcement driving down shares of certain gambling groups.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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