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Online gambling giant bwin.party digital entertainment has announced that it has been granted an e-gaming license by the Minister of Interior for the German state of Schleswig-Holstein.
The license covers sports betting for online purposes and is effective immediately. Bwin will be paying a 20% tax on gross gaming revenue for the duration of the six year license. The betting giant is currently awaiting its licenses for internet poker and casino gambling.
Commenting on his firm's license, bwin.party Co-CEO Norbert Teufelberger said: "Schleswig-Holstein’s regulatory regime represents an important step in building a vibrant and competitive German online gaming market. This EU-compliant regime is a fundamentally important step to protect consumers and keep out black market operators in Germany .”
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