Tag Archives: Germany

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 …

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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 …

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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 …

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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’ …

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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. …

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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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Germany’s GlüNeuRStv Regime stuck in the mud over licensing framework

mybet

German market frustrations continue as the Bundesländer of Saxony-Anhalt has republished its whitelist of approved GlüNeuRStv regime operators, which has once again featured no take-up of online casino, slots or poker licences.  The update sees the Bundesländer continue its regulatory lag. Last Autumn the State Administrative Office of Saxony-Anhalt declared that no businesses had applied to be licensed for the …

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Entain maintains confidence in 2022 outlook but Euro headwinds blur vision

Entain Plc’s 2022 performance began in line with corporate expectations, as its business units and brand portfolio are matched against tough 2021 like-for-like comparatives.  Publishing its Q1 2022 trading update, Entain reported that group NGR was up 31%. This, it said, was supported by the return of its retail unit performance which achieved a 1,000% NGR uptake against 2021 lockdown …

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LeoVegas to broaden new market horizons to counter Euro drags  

LeoVegas AB has posted stagnant financial results, with corporate performance dogged by market exposures to changed regulatory conditions within the Netherlands and Germany. Publishing its Q4 trading statement, the firm saw its period like-for-like corporate revenues maintained at €98 million. The Stockholm-listed operator informed investors that “excluding Germany and the Netherlands”, period revenues would have increased by 26%. Q4 adjusted …

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New website launched for Germany’s inbound GGL regulatory agency 

The executive of Saxony Anhalt has launched the official website for German gambling’s federal regulator, Gemeinsamen Glücksspielbehörde der Länder (GGL) – “The Joint Gambling Authority for German Federal States”.  The GGL is yet to be fully composed, as the newly-formed regulatory body is required to finalise its senior management ranks, workforce and administrative structures governing German gambling under the terms …

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