Tag: Schleswig Holstein

Betfair awarded licence in Germany

Betfair awarded licence in Germany

Hot off the news wires, the man from Schleswig Holstein says Jawohl: –

BETFAIR GROUP (“Betfair”) has today been awarded a licence to operate its betting exchange in the German state of Schleswig Holstein.

Following the receipt of the licence for sports betting, Betfair intends to pay 20% of Gross Gaming Revenue derived from Germany to Schleswig Holstein. Based on current revenue run-rates it is envisaged that this payment will reduce Core Betfair’s gross margin by approximately one percentage point.…

03/05/2012 | By More
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