THE BUSINESS By Eric Culp In Frankfurt And Pierre Tran In Paris 24 September 2006
German crackdown raises the stakes for internet gambling
BRITISH executives of online gambling companies could be arrested on criminal charges in Germany if they set foot in the country.
Officials from the interior ministries of the German states of Hesse and Bavaria told The Business that executives of foreign companies who let German residents place sports bets online are committing “criminal” acts that could lead to prosecution in Germany.
Germany’s threat to foreign managers follows the recent arrests in the US and France of executives from offshore gambling firms.
French state gambling officials also plan to adopt a tougher stand: officials told The Business that they will continue to report offences by foreign betting operators to the government, raising the possibility of more arrests of executives at offshore gambling firms.
Attempting to enforce their monopoly on sports gambling, Hesse, Bavaria and Saxony ordered Austrian online betting company Bwin to stop advertising and offering betting services in their states. The ban “goes for everyone else, too,” a spokesman for the Hesse interior ministry in Wiesbaden told The Business.
MORE – READ THE COMPLETE ARTICLE AT THE BUSINESS (http://www.thebusinessonline.com)
ORYX Gaming has announced that its gaming apps are contained in RGS slots with over a hundred exclusive partners from Kalamba Games, Gamomat, RGS, Giveme Games, Golden Hero, Peter & Sons. The standard rules are fully adapted to meet additional requirements.
These new rules have been introduced and include performance check, the maximum payout, monthly deposit, 5-second spin intervals, the maximum betting limits and automatic and progressive jackpots' cancellation.
One idea of the gambling industry is that they're under constant threat of new regulations and rules from the government. It's not so much that government regulations to keep players safe are a bad thing, but they typically go way behind a reasonable mark and create unfavorable conditions for everyone involved, including the players.
In the online sports betting world and horse betting world, we've seen some pretty incredible changes to the overall landscape in the past six months. Different buy-outs and bidding wars have heated things up. There was a massive bidding war that led to the purchase of Bwin.Party by GVC, and there was also the big Paddy Power-Betfair deal that was accidentally spoiled on Twitter by a joke from a social media worker who didn't even know there was a deal in place to begin with.