BUSINESS

German lottery operators unite to ease gaming constipation

TAGs: german state lottery operators, state treaty on gaming

It’s such a pity that once European governments recognise the benefits of legalising and regulating online gaming they always get so greedy. It happened in Italy before the authorities saw the light and lowered their taxes, it will doubtless happen in France once they realise how crippling the costs are on operators and it’s happening in Germany now, where state lottery operators have united to change the terms of the State Treaty on Gaming, which is responsible for a 50% reduction in their turnover since its introduction. FIFTY PER CENT!

It’s ridiculous. And it’s not just the operators that lose out – this particular treaty has cost Germany’s federal states €5bn in tax revenues and contributions to social causes. No wonder they are referring to the coalition government as a “constipated institution“. Pass the prune juice. Read more.

Comments

views and opinions expressed are those of the author and do not necessarily reflect those of CalvinAyre.com

Related Posts

    Sorry, no posts matched your criteria.