German Sports Betting License Granted to Bet-at-home Brand

Betclic Everest casino brand Bet-at-home has been granted a sports betting license by the German Regional Council of Darmstadt.

This casino operator has not been added to the approved betting operators whitelist of the Council that handles the Germany’s betting licensing in accordance with the Third State Treaty on Gambling.

Joining the Greats

Chief executive of Bet-at-home, Franz Omer, has said that he is very pleased that the brand is one of the concession holders in Germany.

The brand will join the list of 15 operators that have so far got their license…

…which includes the likes of Bet365, Tipico, Tipwin and GVC Holdings.

There are also Admiral Sportwetten by Novomatic, Jaxx, Greenvest Betting’s Neo.bet and BetVictor.

These licenses ended a long period of uncertainty in the legal sense and came immediately after April legal challenge from Austrian betting operator Vierklee was thrown out by the court.

The Situation as it Stands Now

Under the Third State Treaty, customers will face a monthly betting limit of €1,000. A certain small amount of customers may have their limits boosted to €10,000 or €30,000

Also, deposits will be limited until players pass certain verification checks, while licensees will also have to integrate with the national self-exclusion system OASIS and betting markets must be approved by the Regional Council.

Bet-at-Home said it remains on track to hit its full-year targets for 2020, despite the impact of the novel pandemic and the fact that it withdrew from some newly regulated markets such as Switzerland during the year.

Gross betting and gaming revenue for the first half of the year amounted to €62.3m, down 12.4% from €71.1m in the first six months of 2019.

Online Gambling Allowed

In September, it became apparent that Germany’s gambling landscape is to change drastically. A country-wide regulatory framework has been approved that would outline the rules and regulations with regards to how iGaming industry will function.

Minister Andreas Geisel approved the German State Treaty draft at Berlin Senate.

Source:

Bet-at-home receives German betting licence”, igamingbusiness.com, November 3rd, 2020.

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