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No Online Poker in Latest Round of Licenses in Schleswig-Holstein, Nick Jones Pokerfuse

No Online Poker in Latest Round of Licenses in Schleswig-Holstein, Nick Jones Pokerfuse | Poker & eGaming News | Scoop.it

Five more licenses to operate online sports betting in the German state of Schleswig-Holstein were issued on Tuesday, with recipients Ladbrokes and 888 among the new additions.

The Home Office will continue processing applications, with now over 40 operators under consideration, including 22 for “online casino games” including poker, according to yesterday’s statement.

 

However, the latest batch were all sports-betting licenses, bringing the total number of licenses issued to date to 12. Along with 888 and Ladbrokes, Cashpoint Malta Ltd and Admiral Sportwetten (recipient of two licenses) join the likes of Betfair, JAXX, Bet365 and bwin.party. All licenses are good for six years.

 

Other sources:

http://www.igamingbusiness.com/content/schleswig-holstein-issues-five-more-licences

http://www.g3newswire.com/germany-confusion-reigns-schleswig-holstein-internet-casinos/

http://gamingzion.com/gamblingnews/schleswig-holstein-issues-more-online-gambling-licenses-2904

http://www.gamblingcompliance.com/node/49869

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German Online Gaming Market worth €1.7bn in 2015, Michael Robinson Innovate Gaming

German Online Gaming Market worth €1.7bn in 2015, Michael Robinson Innovate Gaming | Poker & eGaming News | Scoop.it

Germany is set to enact a new Interstate Treaty on Gambling that would reconfirm the prohibition of online gambling in all German states except one – Schleswig-Holstein. As the EU Commission reviews the treaty, research body MECN indicates online gaming in Germany will grow to €1.7bn by 2015, driven by poker and lotteries.

 

Before the new treaty comes into effect, lawmakers must determine whether online licensees in Schleswig-Holstein will be able to operate throughout the country. The German region passed its own gaming law in Sep 2011 that permits online poker and casino games. Three licenses have since been issued to Betfair, JAXX and state-owned Oddset.

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Jaxx sells lotto business after securing Schleswig-Holstein licence, Robin Harrisson

Jaxx sells lotto business after securing Schleswig-Holstein licence, Robin Harrisson | Poker & eGaming News | Scoop.it

German operator JAXX SE has completed the sale of its lottery business to a group of private investors for €12.5m. JAXX’s  is comprised of its JAXX GmbH (Hamburg), JAXX GmbH (Lustenau), Vendo Spielsysteme GmbH, flux.com Telewette GmbH and JAXX UK Ltd subsidiaries, JAXX domains, brand names and naming rights are also included and, as a result, JAXX SE will change its name to mybet Holding SE.

 

The decision to sell the lottery business was taken in order to allow it to focus on sports betting, casino and poker products. JAXX had become one of the first three operators to be awarded a licence to offer online sports betting in the northern Land of Schleswig-Holstein, alongside Betfair and Die NordwestLotto Schleswig-Holstein, with casino and poker approval expected to be handed out in the coming weeks.

 

Other sources:

http://www.igamingbusiness.com/content/jaxx-completes-lottery-sale

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Jaxx grows 20%, iGaming Business

Jaxx grows 20%, iGaming Business | Poker & eGaming News | Scoop.it

Online gambling and betting provider saw overall net gaming revenues for the second quarter of 2012 increase by 20 percent year-on-year to €15.62 million.


German online gambling and betting provider Jaxx AG has released its financial results for the second quarter of 2012 showing that it experienced an over 20 percent rise in net gaming revenues to €15.62 million.

 

For the first half of the year, Jaxx stated that ‘record betting stakes’ over the second quarter in addition to ‘strong customer growth’ as a result of the 2012 UEFA European Football Championship saw it post net gaming revenues of €33.93 million, which was an increase of almost 21 percent year-on-year.

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Schleswig-Holstein’s operator Jaxx goes German wide June 8, Gambling Compliance

Schleswig-Holstein’s operator Jaxx goes German wide June 8, Gambling Compliance | Poker & eGaming News | Scoop.it

Schleswig-Holstein online gambling licences, Germany’s first, dodge the question of whether they are able to be used in the other 15 German states.

 

Jaxx will use that ambiguity to start using its new licence as soon as possible. UK-listed Betfair is proceeding more cautiously, saying it has not yet determined its next move.

 

Jaxx, which is changing its name to mybet Holdings, will generate more than €1m in tax for Schleswig-Holstein in 2012 alone. Tax in the northernmost German state is 20 percent of gross gaming revenue.

 

Jaxx, based in Schleswig-Holstein, wants to debut its dot.de website in time for the June 8 opening of the Euro 2012 football tournament.

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Betfair secures German online licence, Gerrit Wiesmann

Betfair of the UK and Jaxx, its German rival, are the first commercial betting companies to be awarded licences for web-based sports bets in Germany in addition to the state owned operator Oddset. The license only apply in the state of Schleswig-Holstein and covers sports betting. Licenses for poker and other casino-style games will come during the coming weeks to some of the 37 applicants.

 

Betfair has led the charge against the gambling monopolies of Germany’s 16 regions, a regime which was declared in breach of European laws guaranteeing companies freedom to do business across the region.

 

Schleswig-Holstein plans to tax online betting companies’ gross profits at 20 per cent, shunning a more weighty tax on customer bets, which the other states are aiming for – and providers say would be unworkable.

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