Better Collective AB has moved to significantly expand its German market presence by forming a strategic alliance with SPORT1 Media Group. The partnership will see Better Collective and SPORT1 combine their German assets and resources to establish the leading media platform for Germany’s re-regulated online gambling marketplace – adhering to the laws of the Fourth Interstate Treaty on Gambling (GlüNeuRStv) …
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Matthias Kirschenhofer, Sport1: GlüNeuRStv is heading in the right direction
The industry’s frustrations with German gambling market reforms under the Fourth Interstate Treaty on Gambling (GlüNeuRStv) regime have been well publicised. Across Europe, gambling PLCs have undertaken costly multi-million-pound platform/product adjustments to adhere to the GlüNeuRStv’s stringent technical standards on compliance and market rules. But despite reconciling online gambling within Germany’s federal legislative framework, the GlüNeuRStv remains unloved and scorned …
Read More »Bet-at-home exits UK market choosing not to contest licence suspension
Bet-at-home AG has chosen to surrender its UK licence and has notified customers that it will exit the marketplace. The decision sees Bet-at-home choose not to contest its recent licence suspension, sanctioned by the UK Gambling Commission (UKGC) on 7 July. The Frankfurt-listed operator had its licence placed under review by the Gambling Commission due to social responsibility and AML …
Read More »DSWV demands new German regulator immediately fix GlüNeuRStv black market leaks
German sports betting trade association – Der Deutsche Sportwettenverband (DSWV) has urged new federal gambling regulaor Glücksspielbehörde der Länder (GGL) to immediately safeguard Germany’s online gambling marketplace against ‘unlicensed threats’. Last week, the GGL formally took charge of the regulatory supervision of GlüNeuRStv, Germany’s Fourth Interstate Gambling Regime, replacing the executive of Saxony Anhalt, who had as the market’s interim governing …
Read More »Fanatics zooms in on Tipico M&A to build Rubin’s new betting vision
Tipico, the leading DACH markets bookmaker, has become a reported target of US apparel and entertainment company Fanatics Inc. Yesterday, CNBC reported that dealmakers were at ‘an impasse on price’ as negotiations were ongoing to secure Fanatics’ takeover of Tipico Sportwetten. Fresh from offloading his 10% stake in Harris Blitzer Sports Entertainment, the US sports fund that owns the pro-sports …
Read More »ComeOn secures tough GlüNeuRStv sportsbook licence
The registry of the Ministry of Sports and the Interior of Saxony Anhalt has confirmed that it has granted a German Fourth Interstate Treaty (GlüNeuRStv) licence to ComeOn Gaming. Cherry AB’s B2C unit has registered the brands of sunmaker.de, comeonwetten.de and mobilebet.de under its approved German licence. Though having secured its GlüNeuRStv licence, ComeOn has yet to disclose whether it …
Read More »Kindred withdraws Unibet from unviable German market
Kindred Group has confirmed that its flagship Unibet brand will withdraw its presence from the German market as of 1 July. The Stockholm-listed operator has informed local authorities that it has chosen to cancel Unibet’s sportsbook and virtual slots licence applications to participate in Germany’s Fourth Interstate Treaty on Gambling (GlüNeuRStv) regime. “Our long-term strategic direction sets out locally regulated …
Read More »Saxony Anhalt awards first slots licence as GlüNeuRStv woes widen
Saxony Anhalt’s Ministry of the Interior and Sports has named the first recipient of a licence to operate online slots under Germany’s Fourth Interstate Gambling Treaty (GlüNeuRStv) regime. Updating its ‘white list’, the Bundesländer of Saxony-Anhalt that serves as the interim regulator of the GlüNeuRStv regime, named Mernov Betriebsgesellschaft MBH as the first operator to qualify for a ‘Virtuelle Automatenspiele’ …
Read More »Delasport: German gambling sees changes on the horizon
Sports betting and igaming software solutions provider Delasport has published a new report this week detailing the current state of the German gambling market – a sector that is undergoing significant transformation. In recent months, the largest country in the European Union has taken significant strides to open the online gambling market to its population of more than 83 million. …
Read More »More German woes as Frankfurt court backs gambler’s claim against online casino losses
A flood of lawsuits could be on the horizon for German online gambling incumbents, as the High Court of Frankfurt supports a ruling that an online casino customer was entitled to reclaim losses. Brought to light by German weekly news magazine Spiegel, a gambler from the region of Hesse had made a claim against a ‘Malta-based operator ‘declaring that his …
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