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.
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UK-based online casino and mobile casino software provider, iSoftBet, has further expanded its extensive online casino library by partnering with the German gaming studio, Hölle Games. The European strategic alliance facing the German provider will see an increase in iSoftBet's influence in the country. The headquarters are located in Berlin and Hölle develops mostly online slots and the company name comes from the expression "Spielhölle," which means a place to play slots.
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.