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The Parliament of Schleswig-Holstein has narrowly passed its egaming legislation this morning, eGaming Review has learned.
Under the terms of the new legislation, betting exchange and sportsbook products will be permitted, along with poker and all casino games apart from roulette blackjack and baccarat.
It is the first time that sportsbetting has been regulated in the EU member state.
The key components of the treaty, which has previously been approved by the EU Commission, include:
* The law coming into force on 1 January 2012 with licences valid from 1 March
* An unlimited number of licences
* Poker, all casino games except roulette, black jack and baccarat, exchange and sportsbook allowed
* 20% gross profits tax on all products
This is the first time online Sports Betting will be licensed in Germany.
SOURCE - READ ENTIRE ARTICLE HERE
Under the terms of the new legislation, betting exchange and sportsbook products will be permitted, along with poker and all casino games apart from roulette blackjack and baccarat.
It is the first time that sportsbetting has been regulated in the EU member state.
The key components of the treaty, which has previously been approved by the EU Commission, include:
* The law coming into force on 1 January 2012 with licences valid from 1 March
* An unlimited number of licences
* Poker, all casino games except roulette, black jack and baccarat, exchange and sportsbook allowed
* 20% gross profits tax on all products
This is the first time online Sports Betting will be licensed in Germany.
SOURCE - READ ENTIRE ARTICLE HERE
