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Mybet Awarded German SportsBetting License

Wednesday September 3,2014 : MYBET AWARDED GERMAN SPORTSBETTING LICENCE
 
But does it hinge on rejected applicants appealing the Ministry's decision?
 
The Hesse Ministry of Interior and Sport has informed mybet Holding SE parent company Personal Exchange International Ltd (PEI) of its intention to award the company one of twenty sportsbetting concessions.
 
According to mybet, the Ministry will issue the licence on September 18, 2014, at the earliest, to allow for rejected licence applicants to seek legal recourse.
 
Sven Ivo Brinck, chief executive officer commenting on the award said:  "We are delighted at the news that our application ranks among the twenty best and that the ministry intends to grant a licence to our group company.
 
"It will necessitate adjustments within the company that present both opportunities and risks for our business operations.
 
"We also need to bear in mind that those parties whose applications for a licence have been turned down may appeal against the decision of the Hesse Ministry of the Interior by way of interim proceedings. That makes it uncertain whether the licences will be issued straight away in two weeks' time or only once any such proceedings have been concluded.
 
"It is also unclear whether and subject to what conditions the competitors whose applications have been rejected may continue to operate their sports betting range in Germany while court proceedings are still in progress. We will prepare thoroughly for every scenario."
 
It is believed the remaining nineteen concessions include European egaming giants such as Betfair, Ladrokes and bwin.party as well as local operators.



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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