It was reportedly reported that the investigation that was developed by the Hesse Ministry of Interior and Sports (HMDIS) to the regulations of the Germany online sport betting seems to have hit a rock after they were scheduled for a later time. The investigation was to be undertaken by European Court of Justice Authorities (ECJ).
Many betting firms have been hiding behind authority’s rules and regulations and avoid heavy taxation which they claim would not be crucial for their profit making. Other land based operators have indulged in illegal betting in maximizing their profits. However how these acts are against the law, it has taken the efforts of the law enforcements in fighting off these illegal acts. It has been claimed that huge sums of money have been gained through illegal betting.
It was claimed that the investigation conducted by the ECJ had come up with verdict that several online betting firms should be stripped off their licenses while others had not fulfilled the requirements to be awarded licenses. The verdict was to be made public at the middle of September but this seems to have not be the case.
Lately, the ECJ claimed that it wouldn’t rush into its final conclusion concerning the issue and would extend its D-Day by a full month up to the 22nd day of October. It is also claimed that the main reason for this delay would be attributed to the fact that both the EU and Industry insiders had not received an official decision from the ECJ and this would continue if a clear statement is not delivered.
It is not yet clear if the HMDIS framework will be adopted by the end of 2015. As a result several shareholders have been left in darkness as they are not sure if German online sports betting will be guaranteed its operations as other operators are not sure if they would reapply a new license.
Criticism have been raised all across the year on the operations of the HMDIS regulatory body. It all started in the Q1 of 2015 when the body claimed to issue 20 operators with licenses, however, this sparked critics towards the government which was accused of segregating few operators in the awarding of the licenses.
This article is published in: Secure betting
Tags: HMDIS, illegality, licensing, online gambling, tax
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