received licence in Germany

CompaniesRetail & Consumer ♦ Published: May 24, 2012; 15:35 ♦ (Vindobona)

The British-Austrian betting company is allowed to operate online sports betting in the Northern German province of Schleswig-Holstein. received licence in Germany / Picture: © Novomatic said it has been awarded a licence to operate online sports betting by the Ministry of Interior in Schleswig-Holstein. The licence is effective immediately and is valid for six years.

Revenues generated under the licence will be taxed at the rate of 20% of gross gaming revenue. In 2011, the Group generated total pro forma gross sports betting revenue of approximately…