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Germany’s Sachsen-Anhalt withdraws from online sports betting consortium

9th February 2016 8:42 am GMT
German Flag

The state lottery of Sachsen-Anhalt is to relinquish its stake in the German state lottery-owned betting operator ODS Oddset, dealing a blow to the Deutsche Lotto und Totoblock‚Äôs (DLTB) efforts to preserve the 2012 State Treaty on Gambling.

Lotto-Toto Sachsen-Anhalt said that while it joined the Oddset consortium in a bid to generate additional tax revenue for the state, it finds itself facing heavy losses as a result of regulatory uncertainty which is blocking the roll-out of [...]

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