Tag Archives: Germany

bet-at-home records 3x EBITDA downturn as a result of German regime change 

bet-at-home AG has cited that tougher anticipated adjustments to German gambling’s new federal regime have resulted in the company recording a 9% decline in group revenues to €56.8 million (H1 2020: €62.3m).  Updating investors on its H1 2021 interim results (period ending 30 June), bet-at-home stated that its commercial performance had slowed against previous forecasts due to implementing numerous ‘core …

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Tipico and CVC enter William Hill offcut chase  

Tipico, Germany’s biggest betting firm, is reported to be ‘among the frontrunners’ vying to acquire William Hill’s UK and European offcuts, put up for sale by Caesars Entertainment. As reported by Sky News this afternoon, ‘City sources’ have disclosed that Tipico tabled a ‘credible offer to Caesars’ – who have priced William Hill’s surplus units at a combined value of …

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Saxony-Anhalt appoints Anne Poggemann as first officer of German Gambling’s supervisory unit 

The Bundesländer of Saxony-Anhalt has confirmed the appointment of Anne Poggemann as the first officer of ‘Glücksspielaufsicht’ – German gambling’s new supervisory authority.  Last year, the state of Saxony-Anhalt was awarded the rights to house German gambling’s first federal supervisory unit, upholding the licensing duties, market standards and compliance obligations of the Fourth Interstate Treaty (GlüNeuRStv) regime. Germany’s re-regulated gambling …

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HooYu deepens customer verification in the German market 

HooYu has grown its offering to the German market, launching a complete KYC solution for the region.  Earlier in the year, HooYu achieved approval by the German age-verification regulator, KJM, with it now adding several new services to help gambling firms to comply with AML regulations.    The single solution orchestrates Schufa identity data checks, KJM-approved facial biometrics and ID document …

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German operators swallow tough adjustments of GlüNeuRStv regime change

There can be ‘no more transition’ as German gambling stakeholders are now ordered to accept the terms of the Fourth Interstate Treaty on Gambling (GlüNeuRStv) that came into federal existence on 1 July 2021.  A German stakeholders panel at CasinoBeats Summit Malta dissected the bleak prospects of a maligned and unmerited ‘GlüNeuRStv Regime’ – which despite widespread protest remains unchanged …

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Imperva warns of 3x bot traffic targeting bookmakers during Euro 2020

Data Privacy and Cybersecurity solutions provider Imperva Inc has revealed the level of security threats faced by bookmakers from bot traffic and account takeover attacks during the UEFA Euro 2020 tournament. New data from Imperva’s Research Labs finds that in the build-up to England team matches, UK sportsbooks recorded a two-to-three-fold increase in bot-related traffic. It underlined concerns as bot-traffic can be …

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DSWV: Federal tax approval sees GlüNeuRStv become dead on arrival

Germany’s Sports Betting Association, DSWV, has lambasted the Bundesrat and Bundestag’s decision to uphold the Fourth State Treaty on Gambling’s (GlüNeuRStv) controversial tax regime. Securing its federal approval this week, Germany’s legislature ratified for GlüNeuRStv to maintain its much-disputed 5.3% wagering tax on online casino and poker verticals. Prior to the Bundesrat vote, the DSWV had called for the tax …

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Bundesrat moves forward with no changes to unloved GlüNeuRStv regime

The German ‘GlüNeuRStv’ has maintained the much-disputed 5.3% wagering tax on online casino and poker verticals ahead of the launch of its online gambling regime on 1 July.  As the outstanding amendment for Germany’s Bundesrat (federal council) to resolve, the controversial tax received its approval from Bundesländer (state executives) this week as a federal measure of the GlüNeuRStv.  Bundesländer executives …

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GiG Comply: Helping operators adapt to the fast-changing compliance landscape

compliance

“If you don’t value compliance then you don’t have a sustainable business model,” said GiG Head of Performance Marketing Jonas Petersen, who explained why GiG Comply is now a crucial companion for gambling operators adapting to the fast-changing compliance landscape. GiG Comply provides a web application software that allows operators to monitor their affiliate marketing websites for content including links, …

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Winning Post: Germany’s tax challenge… dumm und dummer

Last week, online gambling trade associations demanded that the European Commission (EC) intervene and order German lawmakers to justify a discriminatory 5.3% turnover tax on online casino and poker verticals. Though market stakeholders may get their desired response on taxes, Regulus Partners states that an EU-level intervention will have little to no impact on Germany’s illogical approach to adopting a …

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