{"id":6202,"date":"2012-05-03T10:48:45","date_gmt":"2012-05-03T09:48:45","guid":{"rendered":"http:\/\/www.betangel.com\/blog_wp\/?p=6202"},"modified":"2013-09-19T14:35:30","modified_gmt":"2013-09-19T13:35:30","slug":"betfair-awarde-licence-in-germany","status":"publish","type":"post","link":"https:\/\/www.betfairtradingblog.com\/blog_wp\/2012\/05\/03\/betfair-awarde-licence-in-germany\/","title":{"rendered":"Betfair awarded licence in Germany"},"content":{"rendered":"

Hot off the news wires, the man from Schleswig Holstein says Jawohl: –<\/p>\n

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

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.<\/p>\n

Commenting on today’s news, Betfair’s Chief Legal and Regulatory Affairs Officer, Martin Cruddace, said:<\/p>\n

\u00a0“We are delighted to have been awarded one of the first three licences to operate in Schleswig Holstein. 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.<\/p>\n

“Schleswig Holstein’s government should be applauded for its efforts to implement a regulatory regime that will provide security for consumers, transparency for regulators and the freedom to compete for EU operators.”<\/p>\n

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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 […]<\/p>\n

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