For tournaments, as you will later read, we have been able to make some adjustments, removing certain buy-ins. This means when a player buys in for €100 and plays at least one hand, we pay €5 on that session. The new tax is a tax on turnover, which for online poker is a tax on buy-ins, and the level proposed in Germany is 5.3% inclusive. We have had to make a number of adjustments to our games in order to meet the new regulatory and tax obligation in Germany and wanted to update you ahead of time on what you can expect. Laws around online poker in Germany are changing, and as the world’s most trusted poker brand we want to ensure we are fully compliant. The rake for German players in fixed limit games will return to the structure used before July 1. Note: Updated 9 July, After reviewing the data since July 1 we are reversing the decision to increase the rake for German players in fixed limit games.