Reuters: Technology News: Deutsche Telekom applies for sports betting license

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Deutsche Telekom applies for sports betting license Sep 6th 2013, 15:56 Tweet Share this Email Print The logo of Deutsche Telekom is seen at a store in Bonn, April 3, 2013. Credit: Reuters/Wolfgang Rattay FRANKFURT | Fri Sep 6, 2013 11:56am EDT FRANKFURT (Reuters) - Deutsche Telekom has applied for a sports betting license which could pit the telecommunications company against online gambling companies competing for a limited number of concessions. The matter is still at a very early stage, a spokesman for Deutsche Telekom told Reuters on Friday, adding that the application was being reviewed by the Interior Ministry of the German state of Hesse. "It is not yet certain whether that will turn into an operating business," the spokesman said. A ministry spokesman declined to comment on the matter. Germany's states have agreed to grant 20 concessions to companies to offer sports bets nationwide. They have long maintained tight control of the online gambling and sports betting market, citing the risk of widespread gambling addiction in an unregulated scenario. Betting companies like Bwin.party Digital Entertainment has been pressing for the rest of Germany to adopt the more liberal approach that had been pioneered by the northern state of Schleswig-Holstein. Other British-listed gambling companies like William Hill and Betfair have scaled back their operations in Germany because of tax and regulatory hurdles. (Reporting by Peter Maushagen; Writing by Maria Sheahan. Editing by Jane Merriman) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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