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PartyT
Administrator
USA
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 Posted - 09/14/2011 : 10:49:44 AM
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Schleswig-Holstein draft legislation approved
The European Commission has ruled that draft online gambling legislation prepared by the northern German state of Schleswig-Holstein is compliant with European Union law.
Instead of joining with Germany’s remaining 15 states last month and amending the current governing State Lottery Treaty, Schleswig-Holstein decided to submit draft regulations of its own for consideration by the European Commission.
Schleswig-Holstein’s proposal would see the implementation of a 20 percent gross profits tax rather than the 16.66 percent revenue tax as favoured by its fellow states and place no limit on the number of operators awarded with licenses. In addition, it states that all online products should be permitted while implementing a strict consumer protection mechanism.
Betfair welcomed the European Commission’s approval of the Schleswig-Holstein draft gambling law, as “a decisive step forward in the political process to modernise gambling regulation in Germany.”
Betfair also confirmed that it “is committed to obtaining a licence in Schleswig-Holstein if the draft gambling law is passed by the Schleswig-Holstein Parliament.”
However, the European Commission did question why Schleswig-Holstein’s draft gambling bill stipulates that only large banks are to be permitted to serve as guarantors during the licensing process and asked why the legislation refers to regional lotteries, which are not relevant to online betting.
John Shepherd from Bwin.Party Digital Entertainment told Dow Jones Newswires, “With just two minor points to be addressed, we view the European Commission’s findings as a clear signal to the other 15 Federal states that Schleswig-Holstein is moving in the right direction”.
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Schleswig-Holstein draft legislation approved
