Online Poker in Germany Upended By New Legislation

online poker legislation germany

online poker legislation germany - win

How new legislation is changing scenario of online poker game in Germany?

Last year, online poker in Germany transformed the poker game industry completely with the implementation of new legislation on online games like poker, etc.. This new legislation changed all parameters of playing poker in Germany. These regulations made the strict tables norms, deposit limits with inflexible rules for know-your-customer (KYC) requirements. This law is now effective for poker operators to operate online pokers websites in Germany since Oct 15, 2020 and for customers or players, it will be effective from July 2021.

What does it Store for German Online Poker Players?

This law will bring several significant changes for online poker players in Germany as players:

What are the impacts of these regulations on online poker game market in Germany?

In Germany, poker professionals are still not able to comply with the cap deposits which are limited to €1,000 deposit and the stricter table limits. Due to the countries tax norms, most advantages are facing slight shifts but still few other factors are still making the game more reliable, more responsible gaming oriented, and secured than elsewhere at this point.

More Stringent Regulations down the Line?

There are more to these regulations with where limited multi-table gameplay. This is already hard for poker operators to implement this on their online poker game development software solutions since players could assume to play four tables at each client they were able to open and run simultaneously. The poker operators are needed to require pooling their operations and references to a central database so they can adjust their game server to be cross-checked and limits on tables and deposits can be imposed universally.
However, it's still hanging in the air whether this setup will be able to adjust with European data protection laws, as it may end up being unfeasible. These issues are under the tables with the German players as several posters are floating on online poker news sites revealed their concern over this yet they think that the data protection laws could prevent that from happening. However, the Government of Germany doesn't seem to be flexible with new legislation.
These new transformations made the online poker players uncomfortable to pull their business from Germany. However, still few poker game development software solutions providers and poker game development company in Germany are trying to design new platforms adjustable with the new rules and regulations to make the online poker game again a potential business opportunity again. It is the wonderful opportunity for online poker game development company who can come up by creating such compatible poker game software exclusive for German Poker game industry and be part of transformational wave in European countries.
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How New Legislation is Changing Scenario of Online Poker Game in Germany?

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TEKK - Tekkorp Digital Acquisition Corp: Who's Who of Gaming Mgmt Teams!

Team has been involved in a substantial number of the digital media, sports, entertainment, leisure and gaming industries’ most significant merger and acquisition transactions, holding key positions at, and transacting with Scientific Games Corp, Inspired Gaming Group, FOX Bets, Ocean Casino Resort, Resorts International Holdings, PokerStars, DraftKings, Mohegan Sun, Caesars Entertainment Corporation, Harrah’s Entertainment, Tropicana Entertainment, Inc., TSG/Sky Betting & Gaming, Facebook, Inc, Wynn Resorts, Dubai World/MGM Resorts
Here's all the Bios. These guys are stellar! TEKK closed at $10.30 today. Still cheap!
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Matthew Davey — Chief Executive Officer and Director
Mr. Davey has over 25 years of experience within the digital media, sports, entertainment, leisure and gaming ecosystems, as well as experience in the public sector. He is an experienced public company executive officer and board member. He has served in executive management positions across the gaming technology arena. Over the course of Mr. Davey’s career, he oversaw more than ten mergers and acquisitions and over $1.2 billion in debt and equity capital raised to support the companies he has led.
Most recently, Mr. Davey was Chief Executive Officer of SG Digital, the Digital Division of Scientific Games Corp. (“Scientific Games”) (Nasdaq: SGMS). SG Digital was established following the purchase by Scientific Games of NYX Gaming Group Limited (“NYX”) (formerly TSXV: NYX), where Mr. Davey served as Chief Executive Officer and Director. The NYX acquisition provided Scientific Games with a vehicle to significantly accelerate the scale and breadth of its existing digital gaming business, including the strategic expansion into sports betting. In his capacity as Chief Executive Officer of NYX, Mr. Davey developed and implemented a corporate strategy that generated strong revenue growth. Mr. Davey shaped company strategy to focus on digital gaming supplier platforms and content that provided various gaming operators with the underlying gaming and sports betting systems for their online gaming business. In 2014, Mr. Davey oversaw the initial public offering of NYX, and his experience in the digital media, sports, entertainment, leisure and gaming industries helped NYX recognize momentum as a public company. After the public offering, from 2014 to 2018, Mr. Davey oversaw seven acquisitions which helped establish NYX as one of the fastest growing global B2B real-money digital gaming and sports betting platforms. These acquisitions included:
• OpenBet: In 2016, NYX completed the $385 million acquisition of OpenBet. This was one of the more complex and transformative acquisitions that Mr. Davey oversaw at NYX. Through securing co-investments from William Hill (LSE: WMH), Sky Betting & Gaming and The Stars Group (formerly Nasdaq: TSG, TSX: TSGI), Mr. Davey was able to get the acquisition from Vitruvian Partners completed successfully, winning the deal against much larger and well capitalized competitors. By combining two established and proven B2B betting and gaming suppliers, NYX was well positioned to provide customers with exciting player-driven solutions across all major product verticals and distribution channels. This allowed NYX to become the leading B2B omni-channel sportsbook platform in the market and the supplier to over 300 gaming operators globally with an extensive library of desktop and mobile game titles, including more than 700 on NYX platforms and more than 2,000 on the OpenBet platform.
• Cryptologic/Chartwell: In 2015, NYX completed the $119 million acquisition of Cryptologic and Chartwell. The acquisition provided NYX with more than 400 titles of additional leading gaming content, a broader customer base, and direct exposure to PokerStars and Intercasino, part of the Gamesys Group (LSE: GYS) — two of the world’s largest online casino offerings.
• OnGame: In 2014, NYX completed the distressed acquisition of OnGame, a premier poker content, platform and service provider. This acquisition provided NYX with one of the best poker products in the industry, access to several regulated jurisdictions, and a valuable talent pool that was instrumental in the growth of NYX. The addition of OnGame further established a path for NYX to continue its growth in both European and U.S. markets.
These acquisitions, together with meaningful organic growth, increased NYX’s revenue from $24 million in 2014 to $184 million annualized in 2017. During that time, Mr. Davey helped build NYX to have over 200 customers in the global gaming industry and a team of 1,000 employees. Mr. Davey’s success at NYX ultimately led to its sale to Scientific Games for $631 million in 2018.
Mr. Davey joined Next Gen Gaming, the predecessor to NYX, in 2000 as the Vice President of Technology, was appointed as Executive Director in 2003 and named Chief Executive Officer in 2005. Prior to that, he was the Senior Consultant for Access Systems, a company that specializes in the provision of back-end software for licensed online casinos. Prior to joining Access, Mr. Davey worked for the Northern Territory Government specializing in matters pertaining to the internet and e-commerce along with roles in the Department of Racing and Gaming. Mr. Davey received a Bachelor of Electrical & Electronic Engineering from Northern Territory University, Australia (also known as Charles Darwin University).
Robin Chhabra — President
Mr. Chhabra has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. His prior experience includes leading corporate strategy, M&A, and business development at two of the global leaders in the digital gaming industry, The Stars Group (“TSG”) and William Hill, and a leading supplier, Inspired Gaming Group (Nasdaq: INSE). Mr. Chhabra served on the Group Executive Committees of each of these companies. From 2017 to May 2020, Mr. Chhabra served as Chief Corporate Development Officer at TSG and, from 2019 to August 2020, he also served as the Chief Executive Officer of Fox Bet, a leading U.S. online gaming business which is the product of a landmark partnership between TSG and FOX Sports, a transaction which he led. During that period, Mr. Chhabra led several transactions which transformed TSG into the largest publicly listed online gambling operator in the world by both revenue and market capitalization and one of the most diversified from a product and geographic perspective with revenues of over $2.5 billion. Mr. Chhabra’s M&A experience is extensive and covers multiple global geographies across the digital gaming value chain and includes the following:
• TSG/Flutter Entertainment Merger: In 2019, Mr. Chhabra led the TSG M&A team that was responsible for TSG’s $12.2 billion merger with Flutter Entertainment (LSE: FLTR). The merger between TSG and Flutter Entertainment is the largest transaction in the digital gaming industry to date. The combination created the largest publicly listed online gaming company with approximately 13 million active customers and leading product offerings, which include sports betting, online casino, fantasy sports and poker. The combined entity includes some of the world’s most iconic digital gaming brands such as Fanduel, Fox Bet, Sky Bet, PaddyPower, Betfair, PokerStars and SportsBet. TSG/Flutter Entertainment is one of the most geographically diverse digital gaming and media companies with leading positions in the United States, United Kingdom, Australia, Ireland, Italy, Spain, Germany and Georgia.
• TSG/Sky Betting and Gaming (“SBG”): In 2018, Mr. Chhabra led the acquisition of SBG from CVC Capital Partners and Sky plc, Europe’s largest media company, in a transaction valued at $4.7 billion. At the time of the acquisition SBG was the largest mobile gambling operator in the United Kingdom and one of the fastest growing of the major operators having doubled its online market share in three years. The acquisition of SBG provided TSG with (a) greater revenue diversification, significantly enhanced expertise and exposure to sports betting just ahead of the judicial overturn of The Professional and Amateur Sports Protection Act of 1992 (PASPA) by the U.S. Supreme Court, (b) a leading position within the United Kingdom, the world’s largest regulated online gaming market, (c) improved products and technology as a result of the addition of SBG’s innovative casino and sports book offerings and a portfolio of popular mobile apps, and (d) expertise in deeply integrating sports betting with leading sports media companies, positioning TSG to create more engaging content, deliver faster growth and decrease customer acquisition costs.
• William Hill (LSE: WMH): At William Hill, from 2010 to 2017, Mr. Chhabra served as Group Director of Strategy and Corporate Development where he led several transactions which contributed to William Hill’s transformation from a land-based gambling operator in the United Kingdom to a leading online-led international business. Mr. Chhabra led William Hill’s entry into the U.S. sports betting and online lottery markets with the acquisition of four businesses, including the simultaneous acquisitions of three U.S. sportsbooks, Cal Neva, American Wagering and Brandywine Bookmaking, in 2011 for an aggregate purchase price of $55 million. These businesses ultimately led William Hill to achieve a leading position in the U.S. sports betting market with a market share of 24% in 2019. Additionally, Mr. Chhabra played a key role in structuring William Hill’s successful joint venture with PlayTech Plc (LSE: PTEC) in 2008. The combined entity created one of the largest online gambling businesses in Europe at the time of its formation and led to William Hill’s buyout of Playtech’s interest for $637 million in 2013. Prior to the transaction, William Hill had struggled in its attempt to establish a strong online gaming platform and a meaningful presence outside the United Kingdom.
Mr. Chhabra has also successfully completed four transactions worth over $1.2 billion in Australia, the world’s second largest regulated online gambling market, and various partnerships in Asia. Additionally, he completed several technology and media related transactions, including William Hill’s investment in NYX, where he worked with Mr. Davey on NYX’s transformational acquisition of OpenBet.
Prior to working in the gaming sector, Mr. Chhabra was an equities analyst and a management consultant. Mr. Chhabra received a Bachelor of Science in Economics from the London School of Economics and Political Science.
Eric Matejevich — Chief Financial Officer
Mr. Matejevich is a seasoned gaming executive with extensive experience in both the online gaming and traditional casino industries. From February to August 2019, he served as Trustee and Interim-Chief Executive Officer of Ocean Casino Resort (“Ocean”) (formerly Revel Casino, which had a construction cost of $2.4 billion) in Atlantic City, where he successfully led the management team through an ownership change and operational turnaround effort. Over the course of seven months, Mr. Matejevich managed to reduce the property’s weekly cash burn of $1.5 million to an annualized cash flow run rate in excess of $20 million.
Prior to Ocean, from 2016 to 2018, Mr. Matejevich served as the Chief Financial Officer of NYX. At NYX, he focused his efforts on integrating the company’s many acquisitions and multiple debt refinancings to simplify its capital structure and provided liquidity for growth initiatives. Additionally, Mr. Matejevich was instrumental to the executive team that sold NYX to Scientific Games for $631 million.
Prior to NYX, from 2004 to 2014, Mr. Matejevich was the Chief Financial Officer of Resorts International Holdings and later, from 2011, also the Chief Operating Officer of the Atlantic Club Casino, a property under the Resorts International Holdings umbrella — a Colony Capital (NYSE: CLNY) entity. As Chief Financial Officer, he provided managerial oversight for all finance functions for a six-property casino company with annual gaming revenue exceeding $1.3 billion, 10,000 gaming positions, 7,000 hotel rooms and over 11,000 staff members during his tenure. Mr. Matejevich led the transition effort to integrate a four-casino, $1.3 billion acquisition from Harrah’s Entertainment and Caesars Entertainment (Nasdaq: CZR). As Chief Operating Officer of Atlantic Club, he lobbied for and was successful in obtaining the first internet gaming legislation passed in the United States. The Atlantic Club was the sole New Jersey casino proponent of the legislation.
Prior to serving in various gaming positions, Mr. Matejevich was a Vice President of High Yield Research for Merrill Lynch, where he managed the corporate bond research effort for the gaming and leisure sectors and marketed high yield and other debt transactions totaling $4.8 billion. Mr. Matejevich received a Bachelor of Science in Economics from The Wharton School and a Bachelor of Arts in International Relations from The College of Arts and Sciences at the University of Pennsylvania.
Our Board of Directors
Morris Bailey — Chairman
Over the past 10 years, Mr. Bailey has been a leader in turning around Atlantic City, as well as being among the first gaming executives to embrace online gaming and sports betting in the United States. In his efforts, Mr. Bailey partnered with two of the largest digital gaming companies in the world, PokerStars, part of the Stars Group, and DraftKings (Nasdaq: DKNG). In 2010, Mr. Bailey bought Resorts Atlantic City (“Resorts”) and initiated a comprehensive renovation which allowed for the property to be rebranded and repositioned. In 2012, Mr. Bailey signed an agreement with Mohegan Sun to manage the day-to-day operations of the casino. In addition to Mohegan Sun’s operational expertise and ability to reduce costs via economies of scale, Resorts gained access to their robust customer database. Soon thereafter, Mr. Bailey and his team focused on bringing online gaming to the property. In 2015, Resorts established a platform to engage in online gaming by partnering with PokerStars, now part of the $24 billion Flutter Entertainment, PLC (LSE: FLTR), to operate an online poker room in Atlantic City. In 2018, Resorts announced deals with DraftKings and SBTech to open a sportsbook on-property and online. For 2020 year-to-date, Resorts has performed in the top quartile in internet gross gaming revenue in New Jersey. Mr. Bailey’s efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States.
In addition to his gaming interests, Mr. Bailey has over 50 years of experience in all facets of real estate development, asset M&A, capital markets and operations and is the founder, Chief Executive Officer and Principal of JEMB Realty, a leading real estate development, investment and management organization. Mr. Bailey has notable investment experience within the energy, finance and telecommunications sectors through investments in the Astoria Energy Plant, Basis Investment Group and Xentris Wireless.
Tony Rodio — Director Nominee
Mr. Rodio has nearly four decades of experience in the gaming industry. Most recently, Mr. Rodio served as the Chief Executive Officer and director of Caesars Entertainment Corporation (“Caesars”) (Nasdaq: CZR), one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company, from April 2019 until its acquisition by Eldorado Resorts, Inc. in July 2020. Mr. Rodio led Caesars through its $17.3 billion merger with Eldorado Resorts, one of the largest transactions in the gaming industry to date. Additionally, Mr. Rodio was instrumental to Caesars’ expansion into the digital gaming industry and oversaw the implementation of new digital segments such as its Scientific Games powered retail sportsbook solution that now operates in various states throughout the U.S. From October 2018 to May 2019, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to Affinity Gaming, he served as President, Chief Executive Officer and a director of Tropicana Entertainment, Inc. (“Tropicana”) for over seven years, where he was responsible for the operation of eight casino properties in seven different jurisdictions. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects, including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Ultimately, Mr. Rodio’s efforts at Tropicana led to its sale to Eldorado Resorts in 2018 for $1.85 billion. Prior to Tropicana, Mr. Rodio held a succession of executive positions in Atlantic City for casino brands, including Trump Marina Hotel Casino, Harrah’s Entertainment (predecessor to Caesars), the Atlantic City Hilton Casino Resort and Penn National Gaming. He has also served as a director of several professional and charitable organizations, including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism. Mr. Rodio brings extensive knowledge of and experience in the gaming industry, operational expertise, and a demonstrated ability to effectively design and implement company strategy. Mr. Rodio received a Bachelor of Science from Rider University and a Master of Business Administration from Monmouth University.
Marlon Goldstein — Director Nominee
Mr. Goldstein is a licensed attorney with nearly 20 years of experience in the gaming space. He joined The Stars Group (Nasdaq: TSG)(TSX: TSGI) in January 2014 as its Executive Vice-President, Chief Legal Officer and Secretary until his retirement from the company in July 2020 following the merger of TSG with Flutter Entertainment, PLC (LSE: FLTR). Mr. Goldstein also previously served as the Executive Vice-President, Corporate Development and General Counsel of TSG. Mr. Goldstein was also the senior TSG executive based in the United States and was one of the primary architects of TSG’s strategic vision for its U.S.-facing business. During his tenure, TSG grew from an approximately $500 million market-cap company to an approximately $7 billion market-cap company through a combination of organic growth and strategic mergers and acquisitions. Mr. Goldstein participated in numerous M&A transactions and capital markets offerings at TSG, including several transformational transactions in the digital gaming industry. Notable transactions in which Mr. Goldstein was involved include:
• TSG/Flutter Merger: In 2019, TSG merged with Flutter for a $12.2 billion transaction value, the largest transaction in the digital gaming industry to date.
• TSG/Fox Bet Partnership: In 2019, TSG entered into a partnership with FOX Sports to create FOX Bet in the U.S., a leading U.S. online gaming business. Wall Street Research estimates an approximate $1.1 billion valuation for Fox Bet post-partnership with The Stars Group.
• TSG/Sky Betting & Gaming: In 2018, TSG acquired Sky Betting & Gaming, the largest mobile gambling operator in the United Kingdom at the time, for $4.7 billion.
• TSG/CrownBet and William Hill: In 2018, TSG simultaneously acquired CrownBet and William Hill, two Australian operators, for a total of $621 million in a multi-part transaction.
• TSG/PokerStars and Full Tilt Poker: In 2014, TSG acquired The Rational Group, which operated PokerStars and Full Tilt and was the world’s largest poker business, for $4.9 billion.
Through his ability to legally structure large and complex transactions, Mr. Goldstein was integral to TSG’s vision of becoming a full-service online gaming company. Additionally, he assisted in structuring TSG’s capital markets activity, which generated liquidity for acquisitions and strengthened its balance sheet.
Prior to joining TSG, Mr. Goldstein was a principal shareholder in the corporate and securities practice at the international law firm of Greenberg Traurig P.A., where he practiced for almost 13 years. Mr. Goldstein’s practice focused on corporate and securities matters, including mergers and acquisitions, securities offerings, and financing transactions. Additionally, Mr. Goldstein was the founder and co-chair of the firm’s Gaming Practice, a multi-disciplinary team of attorneys representing owners, operators and developers of gaming facilities, manufacturers and suppliers of gaming devices, investment banks and lenders in financing transactions, and Indian tribes in the development and financing of gaming facilities.
Mr. Goldstein brings experience and insight that we believe will be valuable to a potential initial business combination target business. Mr. Goldstein received a Bachelor of Business Administration with a concentration in accounting from Emory University and a Juris Doctorate with highest honors from the University of Florida, College of Law.
Sean Ryan — Director Nominee
Mr. Ryan is a digital media and technology operator with extensive global experience in online payments, e-commerce, marketplaces, mobile ad networks, digital games, enterprise collaboration platforms, blockchain, real money gaming and online music. Since 2014, Mr. Ryan has been serving as Vice President of Business Platform Partnerships at Facebook, Inc. (“Facebook”) (Nasdaq: FB), where he leads a more than 500 person global organization that manages the Payments, Commerce, Novi/Blockhain, Workplace and Audience Network businesses. Prior to his current role, Mr. Ryan was hired in 2011 as the Director of Games Partnerships to lead and grow the global Games business at Facebook. While the Director of Games Partnerships, Mr. Ryan focused on re-shaping Facebook’s games and monetization strategies to derive more value for Facebook, its users and its partners, including the addition of a Real Money Gaming offering in regulated markets. Mr. Ryan’s team helped accelerate a major trend in engagement through cross-platform games and therefore the opportunity to increase users through establishing games on multiple platforms. Prior to joining Facebook, Mr. Ryan created the new social and mobile games division at News Corp, an American multinational mass media corporation controlled by Rupert Murdoch. While at News Corp, Mr. Ryan led the acquisition of Making Fun, a San Francisco social-game start-up, that created News Corp’s games publishing division.
Before joining News Corp., Mr. Ryan founded multiple digital businesses such as Twofish, Meez, Open Wager and SingShot Media. Mr. Ryan co-founded Twofish in 2009, a virtual goods and services platform that provided developers with data analytics and insights for individual application’s digital economies. Twofish was later sold to online payments provider Live Gamer, where Mr. Ryan served on the board of directors. From 2005 to 2008, Mr. Ryan founded and led Meez.com, a social entertainment service combining avatars, web games and virtual worlds. The white label social casino gaming company Open Wager was spun out of Meez and was later sold to VGW Holdings, Mr. Ryan also co-founded SingShot Media, an online karaoke community, which was sold to Electronic Arts (Nasdaq: EA) and merged into its Sims division.
We believe Mr. Ryan’s experience will be valuable to a potential initial business combination target and would provide an expanded perspective on the digital gaming landscape. Mr. Ryan received a Bachelor of Arts from Columbia University and a Master of Business Administration from the University of California, Los Angeles.
Tom Roche — Director Nominee
Mr. Roche has more than 40 years of experience in the gaming industry as a regulator, advisor and independent auditor. Mr. Roche joined Ernst & Young (“EY”) as a partner in 2003 and opened its Las Vegas office. He was subsequently appointed as the Office Managing Partner and Global Gaming Industry Market Leader. In 2016, Mr. Roche relocated to the EY Hong Kong office to supervise the expansion of the EY Global Gaming Industry practice in the Asia Pacific region. Mr. Roche has been integral to numerous transactions that have shaped the current gaming landscape, including:
• Wynn Resorts (Nasdaq: WYNN) initial public offering: Mr. Roche was the lead partner on Wynn Resort’s initial public offering, which raised $450 million in 2002.
• Harrah’s Entertainment/Apollo Management Group & Texas Pacific Group: Mr. Roche headed the regulatory advisory services on the buyout of Harrah’s Entertainment, the world’s largest casino company at the time, for $17.1 billion.
• Dubai World/MGM Resorts: Mr. Roche headed the regulatory and due diligence advisory services to Dubai World in its approximately $5.1 billion investment in MGM. Dubai World bought 28.4 million MGM shares, or 9.5 percent of the casino operator, for $2.4 billion. It then invested $2.7 billion to acquire a 50% stake in MGM’s CityCenter Project, a $7.4 billion 76-acre Las Vegas development of hotels, condos and retail outlets.
• MGM Growth Properties (NYSE: MGP) initial public offering: Mr. Roche provided tax and structural transaction services to MGM Resorts in the creation of MGM Growth Properties, a publicly traded REIT engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. MGM Growth Properties raised $1.05 billion in its 2016 initial public offering.
Mr. Roche also directed EY advisory services to boards and management teams for profit improvement and technology related initiatives. In addition, Mr. Roche provided advisory support to the American Gaming Association on several research projects, including those specifically related to sports betting, the revocation of The Professional and Amateur Sports Protection Act of 1992 (PASPA) and anti-money laundering best practices in the gaming industry. Equally, he has assisted government agencies in numerous international locations with enhancing their regulatory approach to governing the industry especially in the online gambling sector.
Prior to joining Ernst & Young, Mr. Roche served as Deloitte’s National Gaming Industry Leader and as the co-head of Andersen’s Gaming Industry Practice in Las Vegas. In 1989, Mr. Roche was appointed by then Governor of the State of Nevada, Robert Miller, to serve as one of three members of the Nevada State Gaming Control Board for a four-year term, where he was directly responsible for the Audit and New Games Lab Divisions. As a board member, he spent a substantial amount of time assisting global jurisdiction regulators enact gaming legislation in the design of their regulatory structure. During his career, Roche has been involved in numerous public and private offerings of equity and debt securities. His background includes providing casino regulatory consulting services to casino licensees and to federal and state agencies including the National Indian Gaming Commission and the Nevada State Gaming Control Board, and industry associations such as the Nevada Resort Association and the American Gaming Association.
We believe Mr. Roche’s highly regarded reputation as a gaming auditor and advisor in the gaming industry will be valuable for us and a potential business combination target. Mr. Roche is a member of the American Institute of Certified Public Accountants and is licensed by the Nevada State Board of Accountancy and Mississippi State Board of Public Accountancy. He received his Bachelor of Science degree in Accounting from the University of Southern California.
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Is online poker is still legal in Germany?

Newly reformed legislation for online games, especially online poker in Germany has made headlines and turned away several online poker operators. However, online real money poker is still legal in Germany but with few restrictions, such as strict tables and deposit limits as well as inflexible rules for Know-your-customer (KYC) requirements. Right now this law is in the state of transitional tolerance but it has been in effect since Oct 15 and that too for poker operators to operate online poker websites in Germany and for customers or players, it will be practiced in July 2021.

What Does This Law Includes For German Online Poker Players?

How it is affecting?

It would be hard for poker operators to enforce this on their online poker game development software solutions as the multi-table gameplay is getting reduced to a maximum four-table limit. Though, it's also reported that the €1,000 monthly deposit limit is considerable "less restrictive" than what's coming along with the full implementation of the regulations by July 2021.
All of the above concerns are surrounding the online poker players which made several poker operators to pull their business from Germany. However, few poker game development software solutions providers, poker game development company in Germany are trying to create poker apps or online poker websites with new platforms compatible with the new rules and regulations to make the online poker game a perfect scope for the potential business opportunity again. One of the famous and popular poker game outlets is supposed to start by November 2020, adjusting their business as per new laws for the game.
This new regulation may come out as an advantage for the new poker operators who are looking to step in the online poker gaming industry with the help of new and advanced poker gaming solutions from the outstanding poker game development company.
Read More: https://pokermoogley.com/blog/how-new-legislation-is-changing-scenario-of-online-poker-game-in-germany/
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Where are Karamba’s Headquarters & what license does it have?

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ratified by the EU Commission planned to come in place for July 2021, during the transitional
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(Which is still be ratified by the EU commission).
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including additional RG Tools, mandatory deposit limits (Of a maximum of 1,000 Euro), and
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Top 100 Sports Business Twitter Follows

Editor Note: With the assistance of a few well-respected industry veterans, I compiled a list of 100 twitter handles – in alphabetical order – that should be followed if you work in sports business. Some are entertaining, others are insightful, but all are well respected amongst their peers. Without further ado…
@AndrewBrandt – Lawyer. NFL business insider. Columnist for MMQB.
@AndrewMarchand – NY Post sports media columnist. On the Mike Francesa beat.
@AngelaRuggiero – Olympian. Founder of the Sports Innovation Lab. Sports tech intelligence. Market research.
@AnotherDanCohen – Heads up Octagon’s Global Media Rights Consulting Division.
@A_S12 – Adam Stern is on SBJ/SBD’s NASCAR business beat.
@barryjanoff – Executive Editor of the sports marketing website NYSportsJournalism.com. Publishes a sports marketing newsletter.
@BenFischerSBJ – Among SBJ/SBD’s most talented writers. On the esports and Olympics beat.
@BFawkesESPN – Editor of Chalk. Sports gambling trends, picks and predictions.
@Bill_Shea19 – Senior reporter at Crains Detroit. Covers sports business in the Motor City.
@brandonBTIG – Equity Analyst. Brandon Ross covers technology, media and telecom.
@brettsmiley – EIC of Sports Handle. Focus is on U.S. gambling legislation. Reporting and analysis.
@cannonjw – J.W. has a knack for finding odd-ball promotions and fan giveaways.
@carronJphillips – Columnist for NY Daily News. Plays at the intersection of social issues, race & sports.
@chadmillman – The brains behind The Action Network.
@ChrisSchlosser – SVP MLS/SUM Media. Digital strategy, content creation, and product development guru.
@chrisyates11 – Director of Video Production & Social Media at Huddle Productions. Expertise in content marketing, social media and video production.
@Cnyari – Cristian Nyari is Head of Media for FC Bayern Munich. Offers commentary on all things sports media, digital, social and tech.
@ConvergenceTR – Former NFL and NHL exec. Tom Richardson. Digital media/marketing thought leader. Professor in Columbia’s Sports Management program.
@DarrenHeitner – Sports attorney with a niche in contracts and IP.
@darrenrovell – Among the best follows on Twitter, which explains why he has over 2 million followers. Move to Action Network means more gambling related content, but Big Cat’s arch enemy still covers everything from shoe releases to half-time acts.
@david_schwab – EVP, Octagon. Plays at the intersection of brands and influencers.
@deepenparikh – Partner at Courtside Ventures. Plays at the intersection of sports, tech and media.
@TheDonnyWhite – CEO of Satisfi Labs. Expertise in AI, robotics and machine learning.
@DustinGouker – Head of Content for LegalSportsReport.com. Has finger on the pulse of the legal online sports betting (and DFS) market. Always opinionated.
@EKANardini – Barstool Sports’ CEO Erika Nardini. Leading the podcast revolution.
@elwinter – Eric Winter is the former GM for Rivals/Yahoo Sports & SVP, UFC. Tends to focus on event marketing and fight sports.
@EricFisherSBJ – Covers MLB, digital media and technology for SBJ/SBD.
@Eric_Ramsey – News and perspective on the regulated gambling industry for LegalSportsReport.com.
@FormulaMoney – No one has a better grasp on business of F1 than Christian Sylt.
@frntofficesport – The handle associated with Adam White’s daily newsletter. FOS tends to play in the sports marketing and sports sponsorship space.
@garyvee – Entrepreneur with 1.8 million followers. CEO of Vayner Sports. Progressive thinker. Future Jets owner?
@GeoffBakerTIMES – Sports enterprise and investigative reporter for the Seattle Times. Focuses on teams in the PNW.
@Hawk – Andrew Hawkins is the Director of Business Development at Uninterrupted. ESPN media personality. NFL vet. Perspective on an athlete’s post-playing career.
@HowieLongShort – The handle affiliated with JohnWallStreet’s daily email newsletter. Offers context and commentary on the biggest stories/trends in sports business. A MUST-READ if you work in the industry.
@JacobFeldman4 – Writes for SINow. Perspective on how the internet has changed/is changing sports.
@JamesEmmett – Editor-at-Large, Leaders. Weekly newsletter is a mix of original thoughts and aggregated content. U.K. based, so there’s a European slant in terms of the sports covered.
@JayKapoorNYC – Early stage VC investor. Tweets about sports, media, tech and commerce.
@_JaySharman – CEO of TeamWorks Media. Authority on digital media and purpose marketing.
@jbooton – Jen Booton is a Senior Writer for SportTechie. Expertise in action sports.
@JeffEisenband – NBA 2K League sideline reporter. Authority on esports.
@JKosner – John Kosner built ESPN’s digital presence. President of Kosner Media. Digital media thought leader.
@joefav – Publishes a MUST-READ sports marketing and PR newsletter. Hosts a weekly sports business podcast. Long-time industry stalwart.
@kbadenhausen – Kurt Badenhausen is a Senior Editor at Forbes. Niche is athletes’ earnings and franchise valuations.
@kerrykeating3 – Former NCAA basketball coach. NBA analyst. Sports tech advisor.
@kenshropshire – CEO of the Global Sport Institute at ASU. Consultant to NFL. Well-respected educator.
@Koufish – Long-time front-office executive Andy Dolich. Sports business consultant.
@laurafrofro – Leads Twitter’s sports content ambitions.
@LemireJoe – Senior Writer, SportTechie. Has a passion for MLB technology.
@MarcEdelman – Well-respected educator. Sports, antitrust, gaming & IP Attorney.
@MariaTaylor – Fast-rising ESPN talent. Mentors young women in sports business.
@markjburns88 – Sports Business Reporter for Morning Consult. On the Barstool beat.
@MartysaurusRex – Outgoing NFL star turned entrepreneur Martellus Bennett. Founded digital story telling company for children.
@MattRybaltowski – Writes about sports betting for Sports Handle and US Bets. Covers stadium financing and sports tech for Forbes.
@mkerns – Mike Kerns is the President of Digital at The Chernin Group. Authority in social and mobile spaces.
@michaelaneuman – Managing Partner, Scout Sports & Entertainment. Sports marketing thought leader.
@MikeDSykes – Reporter for Axios Sports. SportsCenter in a newsletter format.
@MMcCarthyREV – Michael McCarthy covers sports business, media and marketing for Sporting News.
@NateSilver538 – EIC, FiveThirtyEight. Statistical analysis of sports data.
@neildemause – Co-author of Field of Schemes. Go-to source for stadium and arena news.
@njh287 – Neil Horowitz is a social media and digital marketing pro. #smsports community member.
@NoahCoslov – Broadcaster. Media and marketing authority. Equity investor.
@novy_williams – Eben Novy Williams is the junior half of Bloomberg’s talented sports business duo. Co-hosts Bloomberg’s “Business of Sports” podcast.
@NPDMattPowell – Senior retail industry advisor, NPD Group. Perspective on the footwear and apparel industries.
@OPReport – Chris Grove is a gambling industry authority. Writes for OnlinePokerReport.com, Eilers Research and LegalSportsReport.com.
@Ourand_SBJ – John Ourand Writes for SBJ/SBD. Focuses on media.
@PaulRabil – Co-founder of Premier League Lacrosse. Lacrosse’s 1st “Million Dollar Man”. Start-up investor.
@PeterChernin – CEO, Chernin Group. Invested in Barstool Sports and The Action Network.
@phkeane – Patrick Keane is CEO of The Action Network. Digital marketing authority. PE investor.
@PRyanTexas – Co-Founder, Eventellect. Patrick Ryan has been called “the smartest guy in ticketing.”
@readDanwrite – Dan Roberts covers sports business for Yahoo Finance. Host of YFi AM and the “Sportsbook” podcast.
@restivo – Matt Restivo is the head of product & engineering at The Action Network. Authority on product design and software development.
@richarddeitsch – Covers sports media for The Athletic. Will also dabble in women’s sports and Olympics.
@RichBTIG – BTIG Equity Research Analyst Rich Greenfield. Covers media and technology. Media futurist.
@RickHorrow – aka the Sports Professor. Attorney. Dealmaker. Host of the Reuters “Keeping Score” podcast.
@rscibetti – Former NFL, NHL exec Russell Scibetti. President of KORE Planning and Insights. Offers CRM and database expertise.
@RyanGMundy – Steelers alum. Venture capital investor. NFLPA One Collective board member.
@SaraSlaneAGA – SVP of Public Affairs, American Gaming Association. Industry strategist. Spokesperson.
@scottrosner – Academic Director of Sports Management Program, Columbia University. Sports business/sports law educator.
@ScottStanchak – VP of emerging technology, NBA. Insights on digital media, tech strategy, emerging platforms.
@Seth_Everett – Forbes contributor. Host of the “Sports with Friends” podcast. Sports broadcaster.
@Slasher – Rod Breslau writes about esports for ESPN. esports consultant. Competitive gaming insider.
@soshnick – Scott Soshnick is the senior half of Bloomberg’s talented sports business duo. Co-hosts Bloomberg’s “Business of Sports” podcast.
@SportsBizNews – Howard Bloom’s account serves as an aggregator of industry headlines.
@sportsdoinggood – Sab Singh brings “the bright side” of sports into the light. Social Responsibility. Development. Charity. Entrepreneurship. Great Performances.
@SportsTaxMan – Robert Raiola is the Director of Sports & Entertainment at PKF O’Connor Davies. Foremost authority on the jock tax.
@SportsTVRatings – Robert Seidman will keep you apprised of how many people watched last night’s game.
@StephenEspinoza – President of Showtime Sports. Outspoken. Boxing enthusiast.
@Sutton_ImpactU – Long-time NBA league office executive Bill Sutton. Director of the Vinik Sport Business Grad Program, USF. Highly respected educator.
@TannerSimkins – Certified sports agent. Founder of Complete SET Agency. Industry moveshaker.
@TedLeonsis – Wizards and Capitals owner. Venue and media networks owner. Venture capitalist. Progressive thinker.
@terrylyons – EIC, Digital Sports Desk. Boston-based sports marketing and communications professional.
@thekendallbaker – Voice of Axios Sports. SportsCenter in newsletter form.
@themarkuskuhn – NFL alum. Media personality. Leading the NFL’s efforts to grow the game in Germany.
@TheRealNate – Nathan Lundburg is the Director of Global eSports Sponsorships at Twitch. Plays at the intersection of brands, esports and marketing.
@TKGore – Business Development for Comscore. Digital media thought leader.
@VegasandVine – Chris Purcell is the EIC of Cynopsis Sports. Aggregating sports business, eSports, media, and sponsorship news in a wire release format.
@WallachLegal – Gaming law and sports betting attorney Daniel Wallach. Sports legal analyst.
@WerlySportsLaw – Sports lawyer Dan Werly. Founder of the blog TheWhiteBronco.com.
@WilliamsBob75 – Sport Business is a U.K. based sports biz news, data and event business. Bob is their U.S. correspondent. Soccer centric account.
@ZidanSports – Karim Zidan covers stories at intersection of sports and politics. Authority on MMA.
Interested in Sports Business? Sign-up for our free daily email newsletter list, here!
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online poker legislation germany video

Videojug - YouTube 16. Portfolio Management - YouTube Most Controversial Poker Hands ♠️ Poker Top 5 ♠️ ...

Poker In Europe – Regulation by EU State Poker In Europe. Online poker legislation in Europe varies by state. In some countries (e.g UK) online poker is legal and tax-free.Others (e.g. Germany, Switzerland) haven’t legalized it but make no effort to enforce the law or restrict access. New Legislation Could Throw German Online Poker Into Turmoil. Among the regulations are strict table and deposit limits, changes to the seating system and more stringent "know your customer" (KYC) requirements. HOME News German State Heads Ratify New Online Betting, Casino, Poker Legislation November 3, 2020, 12:24 pm · The heads of Germany’s 16 states late last month ratified Glücksspielstaatsvertrag 2021, the country’s new gambling law that is set to take effect in July 2021. The new legislation will now need to be ratified by each of the 16 state parliaments. Germany passes online casino and poker regulations, to come into force July 2021 The new legislation will replace the current temporary laws, which are effective until next July. These were introduced in January 2020. There were not many legal gambling sites in Germany, and the process of obtaining a license was extremely hard and complicated. According to a new regulation that will take place starting the 1st of July, Germany will be legalizing online casinos and poker officially, on a state level. The legislation was passed at a meeting in Berlin. Online poker players in Germany will have to get used to playing not more than four tables simultaneously and not being able to deposit more than €1,000 per month. These new restrictions are all part of a new legislation that is expected to become law in July 2021. Both online poker rooms and players will need to make the necessary adjustments before October 15, in preparation for the full Recently, Online poker in Germany has created a huge news flash for implementing new legislation on online games like poker, etc.. The news made an uproar among all the popular poker operators for the legislation which significantly alters the playing parameters there. New legislation in Germany has caused its online poker market to be thrown into a state of upheaval as the government implements a completely new regulatory system. As a result, several major Online poker in Germany has been thrown into a state of upheaval following the reveal that new legislation significantly alters the playing parameters there. As of April 2014, 15 of the 16 separate states in Germany do not provide provisions for the playing of online poker in Germany under the ISTG. The 16th German Federal State that stands apart from the rest, Schleswig-Holstein [2] , passed legislation that allowed online sports betting and online gambling.

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online poker legislation germany

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