WOGLR: German casinos struggle in the face of modern gaming
Player migration to internet adds to land-based casino woes
By Dr. Wulf Hambach, Partner at Hambach & Hambach law firm
Whereas the private land-based casino of Berlin (Novomaticowned, for many years the partner casino of PokerStars European Poker Tour) is celebrating its No. 1 ranking as the strongest casino of Germany in terms of revenue (gross profit in 2012: 84,4 million Euro; annual growth: 8.5%) the Bavarian state casinos are all facing huge problems. For years now, Bavarian liberal and green politicians as well as the Bavarian Supreme Audit Office have been requesting drastic consequences up to and including the closing of individual casinos. However, Bavaria is certainly not the only case….
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(we will publish the whole article on gaminglaw.eu on 28 November)
