Skip to main content

One rogue German state defies the national plan

Last month, German politicians voted to regulate online gambling with a farcical, uncompetitive regime which would only send punters abroad in search of half-decent odds. At least 15 of the 16 states voted for it, one - Schleswig-Holstein - rocked the boat by going their own way....

Breaking News: EC approves Schleswig-Holstein law

The European Commission has ruled Schleswig-Holstein’s draft gambling law as compliant with EU law, giving Germany’s northernmost state the green light to pass a bill this summer and the licensing process to begin as early as this autumn, eGaming Review has learned.

.
.

bwin.party's Shepherd added: "We are encouraged by the outcome of the EU notification process for Schleswig-Holstein’s proposed law for online gaming. With just two minor points to be addressed, we view the EU’s findings as a clear signal to the other 15 Federal States that Schleswig-Holstein is moving in the right direction.”

Betfair said that in contrast to the draft State Treaty of the 15 other German Lander the Schleswig-Holstein bill has a “more pragmatic approach” to regulate the industry, which includes best-practice examples from other European regions. The German state would install a 20% gross profits tax, allow all products, an unlimited amount of licences and implement strict consumer player protection.

In an official statement the ruling conservative-liberal coalition in Schleswig-Holstein said that following its approval the EC could scupper the federal draft State Treaty submitted by the 15 other Lander last month.


So one state refuses to shaft punters (and companies) blindly with exorbitant taxes, and the rest of the country's politicians will be pissed off that they've spoiled the party. Interesting times ahead in Germany, there's a long way to go before this gets settled, and the likes of bwin.party and Betfair will see their share prices ebb and flow accordingly.

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Henry VIII Novices’ Chase

It's not just about the Tingle Creek tomorrow at Sandown, there's a Grade 1 Novice Chase amongst the rather decent supporting card. Lining up for the preview is astute NH enthusiast Sam Tribe, @samtribe87.

---------------------

Racing Post Henry VIII Novices’ Chase
Grade 1 Chase, 2 Miles
Sandown 13:50
Likely going Soft, Good to Soft in places


With doubts concerning the fitness of last year’s Queen Mother Chase winner Sire De Grugy and of the two mile chase king Sprinter Sacre (despite bullish remarks from Henderson) there is a chance for another to step into the limelight. Both have won the feature race of the day, The Tingle Creek Chase and that will more than likely throw a few into the hat. However, I have chosen to take a look at the Henry VIII chase, which was changed to a grade 1 in 2011 and has been won by some nice prospects in the past (Somersby and Al Ferof to name but a few). Let’s hope that a potential Champion Chase contender of the future will feature in this …

Kentucky Derby preview

It's America's big day of racing, where 90% of them will be there to be seen and most won't have a clue what difference Churchill Downs Inc's latest takeout hike does to shaft them on every bet placed. Throw in the standard arguments about race-day medication in the US and the recent New York Times/PETA expose on yesterday's Oaks-winning trainer Steve Asmussen, and racing in North America could be in better health.

Still, it's one of the elite races and great occasions of the world, and stepping up to the plate is Jon da Silva again, @creamontop, with his preview in a very American style. (No I don't understand Brisnet figures either...)

------------------------------

The Kentucky Derby Presented by Yum Brands

They say you should avoid food additive E-numbers which you can’t with Yum Brands…

Yum! Brands, Inc. or Yum! is a United States-based Fortune 500 corporation. Yum! operates or licenses Taco Bell, KFC, Pizza Hut, and WingStreet restaurants worldwid…