Tag Archives: Germany

LeoVegas wary of tricky markets despite record Q4 performance

LeoVegas AB has reported its ‘strongest fourth quarter ever’ but has found going tough in its core Nordic markets. Changes in regulations in both Sweden and Norway, and large tax increases in Denmark have caused the company’s Nordic profile to strain, but the group has still been able to report adjusted EBITDA growth of 25 per cent for the full …

Read More »

German sports betting authority calls for political intervention

German sports betting revenues fell sharply by 20% in 2020, largely attributed to cancelled sporting events and closures of betting shops due to the COVID-19 outbreak. According to sports betting tax figures published by the Federal Ministry of Finance, total sales amounted to €7.8 billion, 16% lower than the industry record high of €9.3 billion in 2019. If the months …

Read More »

Google allows Play Store gambling app downloads in 15 new markets

Google has updated its ‘Play Store’ developer terms and conditions, announcing that it will allow real-money app downloads for a further 15 countries. Since 2017, Google has allowed its Play Store platform to process unrestricted real money app downloads for the markets of UK, France and Ireland, whilst allowing Brazilian users to download state-licensed lottery and horseracing wagering apps.  Offering …

Read More »

Diversified Entain rides out 2020 retail storms

Diversified Entain rides out 2020 retail storms

Entain plc has lauded its ability to maintain a strong trading momentum in Q4 2020, with its diversified portfolio being attributed as a key driver for growth.  Delivering its 20th consecutive quarter of growth, Entain has projected that full-year net gaming revenues (NGR) will grow by 27%. Closing 2020 trading on a high, the FTSE100 group delivered double-digit NGR growth …

Read More »

HooYu secures KJM accreditation for German age verification

The German Commission for the Protection of Young People in the Media (Kommission für Jugendmedienschutz – KJM) has approved HooYu as a suitable age verification systems provider. HooYu confirms that it has secured legal certainty to provide age verification provisions for licensed incumbents of Germany’s new Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) federal gambling regime – due to formally launch in July 2021. As the …

Read More »

Kieran Trippier handed fine and suspension for betting violations

Atletico Madrid and England defender Kieran Trippier has been handed a suspension and a fine for breaching the FA’s Betting Rules. The violations occurred in July 2019, and were strenuously denied by the footballer, who played in Tottenham Hotspur’s 2019 Champions League final appearance before joining Atletico Madrid in the Spanish La Liga. However, an independent regulatory commission proved four …

Read More »

Martin Lycka – Santa’s correspondence with Gambling…

In the latest of a series of columns on international gambling legislation, Entain Group’s recently promoted Senior Vice President of US Regulatory Affairs & Responsible Gambling Martin Lycka shares another letter to Santa… The other day, a letter came through our letterbox which was stamped ‘North Pole’. Within the gilded envelope made of silky smooth paper, was this message: “Dear …

Read More »

Paul Terry handed FA fine over ‘disturbingly high-stake bets’

Close-up shot of a Premier League matchball

The FA has issued former professional footballer Paul Terry with a £1,000 fine after the West Bromwich Albion employee was found to have breached betting regulations 209 times. The brother of ex-England international John Terry lost a total sum of £46,916.73 from betting on sport, including 35 wagers placed on competitions his own clubs were involved in. Terry joined Premier …

Read More »

AgeChecked – Germany offers operators no grace period on age-verification requirements

mybet

Germany follows the Netherlands in placing age verification as the critical compliance component of The Interstate Treaty on Gambling to be fully enforced from 1 July 2021. Though final compliance requirements are yet to be settled, Germany’s sixteen Länder (regional councils) remain adamant that new federal gambling regime will carry a zero-tolerance policy on age-verification infringements, summoning licence suspensions and …

Read More »

bet-at-home sees no summer bounce as DACH taxes drain recovery

bet-at-home AG has maintained its full-year 2020 revenue and earnings outlook despite all corporate metrics trading below 2019 comparatives, as the DACH markets bookmaker returns to full operating capacity.  Publishing its latest Q1-Q3 2020 trading statement, bet-at-home has recorded group revenues of €93 million, tracking 13% below 2019’s €107 million.   Despite its revenue downturn, which the operator attributed to COVID-19 …

Read More »