Betfair is one of the largest and most successful online gambling operators in the world, and the company is crying foul over the latest gambling law draft in Germany. Betfair believes the gaming law to be discriminatory in nature. On Tuesday, Betfair filed a complaint with the European Commission. The complaint asserts that Germany is keeping their gambling company open to companies within the country, and is making it difficult for outside companies to enter the market. “Although the federal states claim to be opening up the market for sports betting, the current draft treaty is riddled with disproportionate, discriminatory and protectionist measures designed to keep private online operators out of the market,” said Martin Cruddace, Chief Legal and Regulatory Affairs Officer for Betfair. Germany has inserted a clause in the new law that would call for seven licenses to be given out fort sports betting. That number, according to government officials, however, is arbitrary, and may be changed at a later date. Betfair finds this to be contrary to laws regarding slots and horse racing. German states have been busy attempting to come up with laws to regulate sports betting. Back in May, according to the Wall Street Journal, Betfair approved of a proposal from German state Schleswig-Holstein. That draft was less intrusive and more beneficial to foreign operators than the draft presented in Germany’s fifteen other states. Germany is one of many European countries that is attempting to come into compliance with European Union agreements. France, Italy, and Spain are all other notable countries that have loosened the regulations on their gaming industries. Online gambling has been at the center of many of these changes. In the US, considered to be the largest Internet gambling market in the world, lawmakers are considering changes to the 2006 Unlawful Internet gambling Enforcement Act. The proposal on the table would allow online poker to become regulated, while still outlawing other casino games such as blackjack, slots, and roulette. Foreign operators have been increasing their presence in the US over the past year. Many states have opened up their land-based gaming operations, and foreign companies have moved in. In Las Vegas, William Hill has bought sports books. Genting, a Malaysian company, has bought the building that currently houses the Miami Herald.
Similar Posts:
- Online gaming hits nadir… Is greater regulation too painful?
- Live Dealer Blackjack Guide Launched for Germany
- States Determine Fate of Gambling
- Online Gambling in Europe
- The only way is up for Betfair as David Yu exits earlier than expected – can’t wait for Breon!
0 Comments
No comments yet.
Leave a comment