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One of Germany’s biggest online gambling operators, bwin.party has been awarded a six-year sports betting licence by Schleswig-Holestein.
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The company will now pay a 20 percent gross gaming tax to the German state authorities. Last year sports betting revenue for the company in Germany was €96.1 million.
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Chief executive officer of bwin.party, Norbert Teufelberger, said,
“Schleswig-Holstein’s regulatory regime represents an important step in building a vibrant and competitive German online gaming market. This EU-compliant regime is a fundamentally important step to protect consumers and keep out black market operators in Germany.”
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Bwin.party anticipates receiving an online poker licence, for which it has lodged a separate application, in due course.
Analyst Daniel Stewart & Co. said, “The news should be regarded as positive in our view as Schleswig Holstein has EC approval for its online gambling regime.
- PokerStars, 888, Ladbrokes, bwin Receive Online Poker Licenses in Germany’s Schleswig-Holstein 12 online casino licenses, which includes online poker, issued today, as German State follows through on commitment to process existing applications.
- The northern state of Schleswig-Holstein appears willing to sign on to the new treaty, provided it is granted a carve-out that will allow it to renew the 19 online casino licenses the state issued.
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“However it is still unclear at this stage whether or not the S-H license allows BPTY and other operators which have secured a license to take bets from German residents in other German states.”
Earlier this month the first tranche of licences were awarded to Betfair, NordwestLotto and Jaxx.
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Bet365, bet-at-home, and Tipico have also been awarded sports betting licences.
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