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German Private SportsBetting Operators Contributing record taxes

Thursday February 5,2015 :  GERMANY BENEFITS FROM PRIVATE SPORTS BETTING OPERATOR TAXES

But National sports betting concession process still stalled.

German-focused private sports betting operators contributed record tax revenues to the country’s coffers in 2014, despite there still being no resolution to the award of National sports betting concessions by the State of Hesse

German sports betting association, Deutsche Sportwettenverbands (DSWV) claims most of the tax revenues derived from sports betting were generated by private operators.

Figures released by the German Federal Ministry of Finance reported an increase in sports betting turnover of almost 20 percent to Euro 4.5 billion of which 97 percent was generated by private operators the DSWV said.

Betting taxes fattened the Treasury’s coffers to the tune of a record Euro 226 million in 2014.

On the back of the Ministry’s figures the DSWV, led by president Mathias Dahms, called for resolution to the stalled sports betting concession process, saying: “Our members pay the lion's share of taxes and have applied for more than two years for concessions. This process must now finally come to a conclusion."

German sport backs the DSWV’s call saying significant sponsorship and advertising revenue opportunities are being missed because of legal uncertainty surrounding concessions.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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