Compliance Updates

Cashpoint Secures German Sports Betting Licence

Published

4 years ago

October 13, 2020

Niji Narayan

Cashpoint Secures German Sports Betting Licence

Reading Time: < 1 minute

Cashpoint, the Malta-based subsidiary of Gauselmann Group, has secured German sports betting licence from the Darmstadt regional council.

Markus Ettlin, head of sports betting for the company, said: “We will be one of the first to offer a betting programme to sports lovers in the state. After many years of legal limbo, binding rules now apply to everyone in the German sports betting market.”

He was particularly pleased to point out that this now strengthens consumer and player protection “because now not only customers who are enthusiastic about games, but also politicians, authorities and society can differentiate between legal and illegal providers.”

Paul Gauselmann, founder and CEO of the Gauselmann Group, said: “As early as 2014 my group had more than met all of the requirement in the first licence procedure and emerged as number one from the examination of this extensive procedure. Unfortunately, it has taken until today to end this legal state of uncertainty, but I am all the more pleased that we are now finally among the first.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.