SBC News Voice of the Sports Betting Industry
German telecommunications operator Deutsche Telekom has entered the German online gambling market with the launch of online betting operators Tipp3.de.
In February the telecoms giant confirmed a 64% stake purchase of German operator Tipp.de Sportwetten GmbH, the launch of Tipp3.de sees Deutsche Telekom enter the market under an operational joint venture with Deutsche Sportwetten who will lead its online gambling services and operations.
Deutsche Telekom entry into the German sports betting market, comes in a week when the country’s sports betting legislation suffered a further set back, as sports industry lobby The German Sports Advisory Board (SAB) announced that it would no longer participate in regulatory discussions with the Hesse Ministry, the government agency in charge of legislation.
Tipp3.de will operate under the Deutsche Sportwetten operational license, the new bookmaker is set to comply with German betting laws regarding market offerings, as the operator will not allow customers to wager on amateur sports.
Matthias Schmidt-Pfitzner, Head of Digital Media at Deutsche Telekom, said: “We are betting on the growth market of sports wagers. We are entering the business as a trustworthy online provider – with a maximum focus on security, quality and the customer experience.”
