Tag Archives: Germany

More German woes as Frankfurt court backs gambler’s claim against online casino losses

SBC News 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

SBC News 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  

SBC News 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 

SBC News 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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Winning Post: German gambling adjusts to a new normal

SBC News Winning Post: German gambling adjusts to a new normal

Undertaking a deep dive of German sports betting (omnichannel) and online gaming monthly tax yields since July’s GlüNeuRStV market reform. Regulus Partners uncovers that “as is often the case a critical mass of consumers is proving resilient to bad regulation” – creating a dangerous precedent for all market stakeholders.   The German domestically regulated sportsbetting market recovered in turnover terms in …

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Winning Post: Appeasement on advertising helps nobody

SBC News Winning Post: Appeasement on advertising helps nobody

Regulus Partners warns that early 2022 regulatory developments have set a dangerous precedent on the future of gambling advertising. Despite visible flaws across multiple jurisdictions, operators should defend their right to advertise rather than face the dire consequences of caving into regulatory appeasement… The New Year has opened with a number of threatened or delivered changes to gambling advertising. Gambling …

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Intertops baffles affiliates announcing rebrand to Everygame 

SBC News Intertops baffles affiliates announcing rebrand to Everygame 

Intertops has communicated to its affiliate partners that it will rebrand its commercial identity to ‘Everygame’ as of 1 December 2021.  The heritage operator did not provide affiliates with material for its forthcoming rebrand – but stated that the change to Everygame would maintain its “vision to provide trusted entertainment for generations”. “Basically, we are the same with a new …

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GlüNeuRStv withdrawal sees Catena Media hit with €50m writedowns 

SBC News GlüNeuRStv withdrawal sees Catena Media hit with €50m writedowns 

Catena Media Plc has informed that its Q3 trading results will be negatively impacted by the writedown of its German sports betting assets.  The Stockholm-listed publisher issued a preliminary Q3 update, informing investors that it had allocated €42.8 million for the writedown of German sports betting assets acquired between 2016 and 2018. The decision follows an assessment of the assets …

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bet-at-home forecasts 2021 losses due to Austrian casino judgement 

SBC News bet-at-home forecasts 2021 losses due to Austrian casino judgement 

bet-at-home AG has temporarily discontinued its online casino from Austria as the DACH markets operator faces legal challenges from Austrian customers demanding reimbursement for their online casino taxes.   The decision has been taken as bet-at-home continues to challenge Austria’s national gambling regime that dictates that online casino and poker be controlled by the government’s appointed concession of Casinos Austria.  Notifying …

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