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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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