Germany- Schleswig-Holstein’s online future up in the air – G3 Newswire

Havingjustissueditsfirstthreeinternetgaminglicences,uncertaintynowsurroundsthefutureofonlinegamingintheGermanstateofSchleswig-Holsteinduetotheinitialresultsfromthestate’selections。

Theoutgoingcoalitionissuedonline,sportsbettinglicencestoBetfair,JaxxandOddest,howeverthecoalitionmadeupoftheChristianDemocratsandtheLiberalDemocratshadfacedstrongoppositionfromtheSocialDemocrats(SPD)whenitcametoonlinegamblingregulation。

Inthebuilduptotheelection,runuptotheelection,theSocialDemocratsstatedthatitwouldrepealtheSchleswig-Holstein’sregionalgamblingactwhichwaspassedinOctober2011。

Althoughnopartyhasanoutrightmajority。

provisionalresultsfromtheelectionsuggesttheSPDcouldbeincludedinsomepartintheformationofthenextgovernment。

GlobalBettingandGamingConsultants’DirectorLorienPillingsaid:“ThegamblinglicencesissuedbySchleswig-HolsteincouldbesomeoftheshortestawardedinhistoryiftheSPDformsthenextgovernment。

Thethreeoperatorsmightarguethattheyhavebeenawardedlicencesuntil2018butgovernmentsmaketherulesandcanrepositiontheregulatorygoalpoststosuittheiragenda。

IftheSPDreallywishestorepealtheregulation,nullifyorrestrictthelicencesitwillfindawaytodoso。

Thei-gamingsectordesperatelyneedssomeregulatorycertaintyinGermany,notjustinSchleswig-Holstein。

Unfortunately,Schleswig-Holstein’selectionresultshaveseeminglyconfusedmattersintheoneGermanregionwhereinternetgamblingregulationhadatleastbeenpassed。



bwin。

partysaidthatitslicencethoughwaseffectiveimmediatelyandwasvalidforsixyears。

Revenuesgeneratedunderthelicencewouldbetaxedattherateof20percentofgrossgamingrevenue?

In2011,theGroupgeneratedtotalproformagrosssportsbettingrevenueofapproximatelyE96。

1mfromGermany。

NorbertTeufelberger,bwin。

party’sCo-CEO,said:“Schleswig-Holstein’sregulatoryregimerepresentsanimportantstepinbuildingavibrantandcompetitiveGermanonlinegamingmarket。

ThisEU-compliantregimeisafundamentallyimportantsteptoprotectconsumersandkeepoutblackmarketoperatorsinGermany。



bwin。

partyhassubmittedseparateapplicationstoofferonlinepokerandcasinogamesandanticipatesreceivingtherequisitelicensesfromSchleswig-Holsteininduecourse。