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Millicom (NASDAQ:MICC)(STO:MIC), the international telecommunications and media company, and Kalixa announced today the establishment of a joint venture.
We have been informed today that the administration in Hesse intends to grant us a sports betting licence under the new State Treaty in Germany.
As only 20 licences are being issued, unsuccessful applicants, which include Bet365, William Hill, Interwetten and Tipico, now have two weeks to file legal challenges.
This could result in further delays to the E15 Treaty being implemented and any actual licences being awarded in the short term.
Norbert said: “We are encouraged by this news and I want to thank our team working on this project for having done a remarkable job under very difficult circumstances. However, as we told investors last week when announcing our half year results, we now have to wait for further developments in our largest market that accounts for 26% of our revenues.”
Ladbrokes, bwin.party and Betfair head up a list of 20 operators to receive a German sports betting licence, eGaming Review can reveal.
The trio of big names find themselves among a list of domestic operators such as mybet, ODS ODDSET and Digibet, as well as predominantly land-based firms such as Admiral Sportwetten.
However, several of the online gambling sector’s biggest names are noticeable by their absence.
A Ladbrokes spokesperson said the company was pleased to have secured a licence in the country, but said it would wait to see the next steps in the regulatory process before detailing the company’s plans for the market.
“It’s an interesting opportunity for Ladbrokes. Over the long term it has the potential to complement our licensed and regulated operations in Australia, Spain and Belgium as we seek to build our international presence,” the spokesperson added.
It is expected unsuccessful applicants will mount a legal challenge against in the coming weeks, which may delay those in receipt of a licence from launching operations in the country.
More to follow.
Driving on the left side through England is fun but this should be even funnier :-) (at F1 British Grand Prix, Silverstone)