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Online Betting To Be Banned In Germany
A ban on all online gambling could begin in Germany as early as tomorrow as part of an interstate agreement to preserve the nation’s State monopolies for lotteries and most forms of betting.
According to Bloomberg's business news service, every one of Germany’s 16 State legislatures voted in mid-December to approve new anti-online betting laws. These new laws were negotiated after the Federal Constitutional Court overturned earlier rulings and ban any form of web-based gambling or brokering of betting games over the Internet. In addition, individual German states may order Internet service providers to block the websites of illegal betting operations and banks to stop money transfers. The new regulations are to also outlaw advertising of online gambling and state that advertising in print and other media could no longer ‘directly invite, incite or prompt’ customers to play and may only ‘inform’ about the possibilities of doing so.
Online Gambling Site Bails Out Players
As part of a promotion, new sportsbook BigJuicyOdds.com has announced that it will pay out to players turned down on another site, SBGGlobal.com. 'While we rarely have to, we do defend ourselves from this type of group play and it is clearly posted on our website, no syndicate or professional betting action allowed.”
However, BigJuicyOdds.com is offering to pay out an estimated total of $100,000 into the accounts of the SBGGlobal.com clients without asking them for a deposit.
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