MightyDuck
Dormant account
- Joined
- May 7, 2015
- Location
- €urope
I went through the quarterly report from betsson AB for Q4/2015 and found some information about gambling legislation for some key markets in Europe. I'm particularly happy about the development in Germany where a grey market is the status quo for too many years now and proper legislation is really needed.
The Netherlands
The proposed new Dutch legislation is still in the second
chamber in the parliament waiting to be processed
A political deal have been made between the ruling coalition
partners to set both online and offline net tax of 29%
A debate and vote in parliament is expected in March/April
and, if passed, the senate will discuss and vote on the law in
Q3/Q4 2016
Too early to speculate the outcome. The construction of the
law might also be legally challenged if passed
If passed, implementation is estimated Q2 2017
Sweden – Timetable for new regulation
Legislative process has been initiated and chairperson
have been appointed
Law proposal planned for Dec 2017
Start of new legislation planned for 1 July 2018
Portugal – Timetable for new regulation
Betsson is preparing for the upcoming licensing process
Licenses to be issued during 2016 but still considerable
difficulties regarding the licencing requirements and
implementation
Germany
Existing legislation is constantly being questioned by the
European Commission and by local politicians.
A new ECJ judgement from this week (Ince, C 336/14), has
confirmed such criticism and firmly ruled that the German
sport betting regulation is contrary to EU Law.
Politicians and regions are split on the issue but more and
more support a licensing model. Supported by the INCE case
the development towards a licensing model will accelerate.
We believe that a licensing model is likely to prevail in the
long run and we are taking steps to be ready to apply for a
license when such opportunity opens up.
source: xttp://files.shareholder.com/downloads/AMDA-1D21B7/1685583259x0x873578/404813EB-134C-46AE-9F90-EEE609F8CD0B/Presentation_of_Q4_2015.pdf
The Netherlands
The proposed new Dutch legislation is still in the second
chamber in the parliament waiting to be processed
A political deal have been made between the ruling coalition
partners to set both online and offline net tax of 29%
A debate and vote in parliament is expected in March/April
and, if passed, the senate will discuss and vote on the law in
Q3/Q4 2016
Too early to speculate the outcome. The construction of the
law might also be legally challenged if passed
If passed, implementation is estimated Q2 2017
Sweden – Timetable for new regulation
Legislative process has been initiated and chairperson
have been appointed
Law proposal planned for Dec 2017
Start of new legislation planned for 1 July 2018
Portugal – Timetable for new regulation
Betsson is preparing for the upcoming licensing process
Licenses to be issued during 2016 but still considerable
difficulties regarding the licencing requirements and
implementation
Germany
Existing legislation is constantly being questioned by the
European Commission and by local politicians.
A new ECJ judgement from this week (Ince, C 336/14), has
confirmed such criticism and firmly ruled that the German
sport betting regulation is contrary to EU Law.
Politicians and regions are split on the issue but more and
more support a licensing model. Supported by the INCE case
the development towards a licensing model will accelerate.
We believe that a licensing model is likely to prevail in the
long run and we are taking steps to be ready to apply for a
license when such opportunity opens up.
source: xttp://files.shareholder.com/downloads/AMDA-1D21B7/1685583259x0x873578/404813EB-134C-46AE-9F90-EEE609F8CD0B/Presentation_of_Q4_2015.pdf