German Online Casino Licenses Could Be Revoked
- 06/24/2012By Pamela PattersonGoogle
- Just a few months following the licensure of seven online casino game operators received in the German state of Schleswig-Holstein, it looks like a new government in the country could end the regulated gaming market.
After a close election win over Chancellor Angela Merkel’s Christian Democrats party in May, three of Germany’s political parties, the Social Democrats, Green Party and South Schleswig Voter Federation, formed a coalition. The new coalition has expressed their desire to rejoin the gambling treaty of Germany’ other states and find a way to revoke the gaming licenses that were issued without being liable for compensating the seven existing license holders.
Prior to their win, top online casino companies, Betfair, myBet, and Die NordwestLotto receive gaming licenses in Schleswig-Holstein. Licenses were also issued to bwin.party, bet365, bet-at-home.com and Tipico.
Interior Minister for Schleswig-Holstein Klaus Schlie, awarded the licenses under an EU-backed law that allows online casino games operators to offer sports-betting services until license renewal proceedings in May 2018. There are more than forty online casino games companies awaiting word on their license applications. The new political developments can possibly halt any further licensure.
If the new coalition proceeds with revoking the licenses, it is likely that the seven operators will take legal action against the state. The new government could be held responsible for the potential lost revenue. - Back || casino news
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