BRIEF-Betfair sees Germany contribution minimal, withdraws product

LONDON Wed Nov 7, 2012 2:10am EST

LONDON Nov 7 (Reuters) - Betfair Group PLC : * Update on Germany * Believes that, in regard to bets placed on its exchange, it is not liable for

the tax on sports betting * Decided to withdraw its exchange product from the German market * On-going contribution from Germany is expected to be de minimis and Betfair

is reviewing its operations in this market

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.