Tag Archives: Germany

German association calls for legal certainty

SBC News German association calls for legal certainty

The German Betting Association DSWV has called on the legislator to bring some legal certainty to the industry in a bid to improve consumer protection and driving out black market operators. DSWV President Mathias Dahms said: “It is with great concern that we observe a growing black market. Unfortunately it is only a logical consequence of the German licensing chaos. …

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Tax environment needs new business culture in gambling

SBC News Tax environment needs new business culture in gambling

Paul Leyland, Principle Consultant at Regulus Partners, is of the opinion that a heavy tax burden will hit growth in the industry this year, although there are prospects for the industry to flourish longer-term. 2015 was always going to be a difficult year for gambling operators from a fiscal perspective: UK remote Point of Consumption taxes (15% revenue from December …

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Mansion Group closes German casino operations

SBC News Mansion Group closes German casino operations

Mansion Group has confirmed that five of its leading casino brands are set to exit the German online gambling market. The software and igaming provisions provider has withdrawn German online casino services for Mansion Casino, Slots Heaven, Les A Casino, Casino.com and Club777. The Playtech powered casino operator confirmed the closure of services for these five brands on 1 February. …

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bwin.party 2015 cashflow gets hit by €15 million EU tax payment

SBC News bwin.party 2015 cashflow gets hit by €15 million EU tax payment

bwin.party PLC have announced that its net revenue and cashflow will be reviewed in 2015 due to new European Union (EU) VAT rules that came into action this January. The operator expects to pay an additional €15 million in VAT, due to recent changes EU tax regulations concerning digital business/services. Changes to EU VAT regulations concerning digital services, has seen …

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Interwetten exceeds expectations with 18% revenue uplift

SBC News Interwetten exceeds expectations with 18% revenue uplift

European sports betting operator Interwetten Sports has reported a full year revenue increase of 18% to €46.3 million (2013: €40.8 million), as the operator reaped the benefits of a new marketing and player acquisition strategy. Interwetten stated that its performance had exceeded all management expectations, as the company witnessed a yearly turnover of €800 million. The company was able to …

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Lotto Hessen goes virtual for football

SBC News Lotto Hessen goes virtual for football

Betradar has announced that German lottery operator Lotterie-Treuhandgesellschaft mbH Hessen (Lotto Hessen) will deploy the company’s Virtual Football solution in its betting offer. Lotto Hessen follows as the first state lottery to use Betradar’s Virtual Football solution, which has established itself since its launch in 2011 thanks to the way it powerfully combines the latest in artificial intelligence and 3D …

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Paysafecard signs FC Kaiserslautern shirt sponsorship

SBC News Paysafecard signs FC Kaiserslautern shirt sponsorship

German soccer club 1. FC Kaiserslautern have agreed a shirt sponsorship deal with paysafecard.com. The 2. Bundesliga side have signed an initial one-year deal with the Skrill-owned online payment solutions company, and will carry its logo on their matchday jerseys. In addition, paysafecard.com branding will appear across the Fritz-Walter-Stadion, with a presence on pitchside LED hoardings and on the main …

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GamCrowd looking for LaunchPad start-ups

SBC News GamCrowd looking for LaunchPad start-ups

GamCrowd.com, the gambling specific crowdsourcing platform, and Clarion Events, organisers of EIG, are looking for 5 start-ups to take part in the Launch Pad and to take a stand at the GamCrowd sponsored start-up village. EIG runs from the 21-23 Oct in Berlin. This year the format has been substantially revamped and it now has a specific focus on start-ups and fundraising, …

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