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Casino licenses granted by German state | 21st December 2012 : WorldCasinoYellowPages

Casino licenses granted by German state

... 21 December 2012

Casino licenses granted by German state

An advance Christmas gift has been given the Schleswig-Holstein, the German state by granting its foremost licenses for online casino games to the operators. The companies will now be able to begin with providing poker to their clients. It was informed in a press release by the government that 12 operators were granted licenses. 888, Bet 365, Ladbrokes, bwin.party, Betfair, Cashpoint, Bet-at-home, Online Casino Germany, mybet, Skill On Net and Tipico are the operators who got the said licenses. It is noteworthy that bwin.party and PokerStars received licenses under their corresponding subordinates namely Electra Works and Reel Germany Ltd.

All the licenses are legal till 18th Dec. 2018. As per information provided by the reporter of the state, there are additional 18 requests for the online casino licenses in the pipeline. By gaining these licenses, the companies have got the freedom to provide an exclusive variety of online casino games. Also PokerStars has got an opportunity to begin breaking-off at the market stock of bwin.party in the most productive market of bwin.party.

According to the conditions of the licenses, actual checks must be handed over to players every hour so that they must be aware of their won or lost amounts. The online poker bets are also prohibited under the rules. There are numerous rules regarding making money legal, safety of user information and IT communications.

In January, an additional set of licenses will be granted prior to the German State Treaty as conversed by the state. The treaty permits only sports betting and charges tax on the income at a rate of 5%. In case, the treaty is accepted by the Schleswig-Holstein, it will be very difficult for them to give a good reason for taking away the said licenses. The last date for the companies to request for the 20 casino licenses which are offered under the state treaty is 21st Jan, 2013. And the last date to take part in an election by them for the central treaty is 7th Jan. 2013.  The legitimacy of the bill will be confirmed by Federal Court of Justice on 24th Jan.

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