|Online Casino News|
This was one of three licenses handed out by Schleswig-Holstein, whose government has worked out their own unique online gambling arrangement. Instead of imposing the 16.66% revenue tax favored by most other German states, they have implemented a 20% gross profits tax. Further setting themselves apart, Schleswig-Holstein has decided not to set a limit on the number of licenses offered within their borders. Online poker and casino games will be available by the end of summer, says iGaming Business, excluding baccarat, blackjack, and roulette.
Martin Cruddace, Betfair’s Chief Legal and Regulatory Affairs Officer, made a strong statement in support of his latest certification.
“We are delighted to have been awarded one of the first three licenses to operate in Schleswig-Holstein,” he said. “We look forward to making a significant and sustainable contribution to the newly formed market there, offering consumers innovative products in a safe and responsible betting environment.”
Two other operators were also granted Schleswig-Holstein licenses. Nordwest Lotto (a state lottery firm) and myBet (a subsidy of Jaxx AG) will be vying for the same customers as Betfair.