April 21st 2008 11:36 am
German Online Casino Gambling Booming
The internet casino gambling legality in Germany still is open to question, thus, while this question isn’t officially resolved, German players are getting benefits from this situation. About 290 thousand Germans gamble at online casinos on a regular basis, annually they spend more than $1.5 million on wagering. So, it is safe to say that the German gambling industry is flourishing now.
According to Deutsche Welle in spite of the fact that the only traditional casino gambling is formally legalized, nobody has been prosecuted in Germany for internet casino gambling. The Deutsche Welle broadcaster has clarified that online casino software providers located outside of Germany have made the issue difficult for lawmakers, who can’t define a single law that would be applicable to the online casinos providers and customers inside and outside of Germany.
Taxes are another thing that complicates the legal online casino gambling issues. Whilst Germany monopolizes brick and mortar casino gambling, that gives the country more than half of the gambling industry revenues in corporate income tax, the biggest part of unregulated online gambling profits is distributed among private overseas accounts.
It was one of the hypothetical reasons why Boris Becker waited for a long time before making decision to promote the noncommercial division of online casino PokerStars.com. In spite of the fact that this division uses the internet casino gambling for playing money only; its main aim is to attract people to play at the real money online casino.
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