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Encouraging News From Germany
 April 22, 2007, 4:11 am (4 years ago)Last week in a meeting in Stuttgart, the Gaming Intelligence Group reports what is known to be positive political devleopements regarding restrictions on sports gambling in Germany could actually be emanating, this meeting took place between budget as well as financial speakers of the Christain Democratic Union as well as the Christain Social Union. It is apparent that an agreement was actually forged to propose abolishing the state monopoly on sports betting but to actually allow the lottery market to actually continue to go unchanged under the terms that were stated in the two thousand and four state treaty.
In fact, part of the actual agreement was made in terms of a liberalized sports betting market are to actually be drawn up in a separate State Treaty.
It is known that GIG thinks that the Union’s fiscal policymakers actually believe that the liberalization of the sports betting should also be accompanied by the actual levying of a special incentive tax. This is supposed to be what is known as a ring fenced on the basis that the players place of abode in order to actually assure that the federal states a source of revenue from sports betting. This actually will provide continued funding for what is known as mass sport and also charities not to mention culture as well as addiction prevention measures.
Rainer Jacken, who is the director of the betting company Fluxx AG, declared that “we expressly welcome the union’s decision”. “It shows that common sense and economic realism are increasingly gaining ground in connection with the planned State Treaty on gaming. We believe court rulings and political opinions are coming to acknowledge the grave concerns already voiced by the EU Commission.”
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