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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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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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