Day 1b is done and we have our final 10 players. Young Oh is leading the pack with 604,000, which puts him atop both starting flights. The player known as DD had the chip lead ...
German State Legalizes Online Poker
Schleswig-Holstein First German State To Regulate Online Poker, Hopes Are Others Will Follow
The German state of Schleswig-Holstein today passed legislation to legalize and regulate online poker.
It is the first German state to do so and the online gaming industry now hopes the other 15 states in the country will follow suit and incorporate the law into their statute books.
There will be an unlimited number of licenses issued in the state and tax will be levied at 20 percent of gross profits. The law comes into force on January 1, 2012 with licences valid from March 1.
The legislation was supported by PokerStars.
Analysts Daniel Stewart & Company said in a sector note in the aftermath of the news, “This is undoubtedly good news for online operators with exposure to the German market. However it is not absolutely clear at this stage whether or not operators with a license in S-H would be allowed to take wagers from citizens outside of the state (i.e. across Germany).
“This does however in our view put pressure on the other 15 states to fall inline with EU law with regards to the New Interstate Treaty.”
Bwin.party digital entertainment’s share price was up 12 percent at the time of writing.
|1||Doug Polk Calls Out Daniel Negreanu|
|2||Hansen, Blom No Longer With Full Tilt Poker|
|3||Casino Heist Remains Unsolved 22 Years Later|
|4||Gambling Site: 2014 WSOP Main Event Betting Odds|
|5||Ray Coburn Wins DraftKings Millionaire Maker|
|6||NJ Busts Mob-Run Sports Gambling Ring|
|7||Poker Hand of the Week: What's Your Play?|
|8||Negreanu, McClelland To Be Inducted Into HoF|
|9||Scott Davies Wins 2014 WSOP APAC Main Event|
|10||Increase Win Rate With New Video Series|
|1||Judge: Poker Pro Phil Ivey Cheated At London Casino|
|2||WATCH: Man Cracks Opponent's Aces, Rubs It In|
|3||Phil Ivey's Rough Week Continues|
|4||Doug Polk Calls Out Daniel Negreanu|
|5||HoF Nominees Trade Barbs Over $1.8M Prop Bet|
|6||Iowa Police Steal $100K From Poker Players|
|7||Phil Ivey Gives Interview To 60 Minutes|
|8||Poker Pro Matt Smith Wins DraftKings Millionaire Maker|
|9||2014 WSOP Main Event ESPN TV Schedule|
|10||Phelps Was Gambling Right Before DUI|