{"id":3503,"date":"2022-07-29T09:05:56","date_gmt":"2022-07-29T09:05:56","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?p=3503"},"modified":"2022-07-29T09:05:56","modified_gmt":"2022-07-29T09:05:56","slug":"german-state-closes-all-betting-shops","status":"publish","type":"post","link":"https:\/\/www.newbettingsites.co\/german-state-closes-all-betting-shops\/","title":{"rendered":"German State Closes All Betting Shops"},"content":{"rendered":"
News from over in Europe today.<\/p>\n
I wouldn’t usually cover this sort of thing but it’s quite extraordinary, and you can’t really imagine it happening over here.<\/p>\n
In Bremen, the smallest state in Germany, every single betting shop is to be closed with immediate effect in an attempt to rid the industry of illegal money laundering operations.<\/p>\n
Can you picture that happening in Newcastle, or Manchester? Fred Done would burst a vain.<\/p>\n
Here’s what we know.<\/p>\n
<\/p>\n
Bremen’s interior senator has said that not a single betting shop has convinced him that they are not a front for money laundering.<\/p>\n
There are 32 shops that have applied for a license under new gambling laws, and every one of them has been rejected. That means that it is illegal for them to accept bets effective immediately.<\/p>\n
To get around this the firms will have to provide evidence of where their start up capital came from, something most are not expected to be able to do, since they are thought to have been opened or taken over using money from criminal activates.<\/p>\n
According to a 2019 report this sort of thing is rife all across Germany, with 100% of betting activity in some shops thought to be simulated (so faked) in order to wash money gained from selling drugs.<\/p>\n