Today, leading global online betting and gaming brand Betway, has announced an extension of its sportsbook licence from the Regional Council in Darmstadt.
Betway will continue to offer its best-in-class product to their German customers in a regulated gaming market where responsible gambling safeguards are put in place to ensure customers are betting in a safe and secure environment.
The Super Group owned brand are a prominent sponsor of high-profile sports in Germany. They boast an enviable portfolio in German Football that includes 2022 Europa League winner Eintracht Frankfurt alongside VfB Stuttgart, Hertha Berlin, Werder Bremen and Schalke 04. The brand is also a big supporter of Tennis in Germany and are Official Betting Partner at the Boss Open, Terra Wortmann Open and the Hamburg Open which are three of the four ATP tournaments that take place in the country.
Betway has also made a commitment to the German market by opening an office in Düsseldorf, Germany. The plans for continued growth include better localisation of their sportsbook product, easier access to talent as well as creating jobs in Germany.
Anthony Werkman, CEO of Betway, said:
“We’re really proud of being awarded an extension of our sportsbook licence, which means we can keep offering our much-loved products to sports betting fans in Germany.
“We’ve got an industry leading sponsorship portfolio, that further enhances our commitment to supporting sports that our customers know and love.
“We’ve got a great product and now we’ve got a great office and team on the ground which will help us continue to enhance a sporting experience for our customers whilst continuing to ensure they’re playing in a safe, secure and responsible environment.”
WorldMatch Secures its Gaming License in Romania
WorldMatch announced that it has obtained its gaming license in Romania. This significant milestone marks a substantial step in the company’s global expansion strategy and further solidifies its position as a leader in the online gambling industry.
The license granted by the Romanian National Gambling Office (ONJN) authorises WorldMatch to provide its innovative products and services in the regulated Romanian market. This includes a wide range of online slots, table games, video poker and more, all rigorously tested and certified to ensure a safe, fair and high-quality gaming experience for Romanian players.
“We are thrilled to secure our gaming license in Romania. This success underscores our commitment to global expansion and strengthens our position as a preferred partner for online casino operators worldwide. We look forward to collaborating with local regulated partners to deliver an extraordinary gaming experience to Romanian players,” Andrea Boratto, CEO at WorldMatch, said.
WorldMatch’s entry into the Romanian market will offer local operators access to its extensive portfolio of high-quality gaming content.
3 Oaks Gaming granted UKGC licence
iGaming supplier advances growth strategy with key regulatory approval
3 Oaks Gaming, an established distributor of iGaming content, has announced that it has been granted its remote operating licence from the UK Gambling Commission (UKGC).
This prestigious achievement is a monumental landmark for the company who will now be able to distribute its games to licenced operators within the United Kingdom. This milestone not only expands the company’s reach, but also solidifies its position as a provider of choice within the industry.
Operators can anticipate access to a diverse selection of the supplier’s top-performing games, such as 3 Hot Chillies, Coin Volcano, and Sun of Egypt 3 which are currently undergoing certification, ensuring compliance and seamless integration for future partners.
Securing a UK licence represents a pivotal moment in the trajectory of 3 Oaks Gaming, as the provider prepares to announce significant commercial agreements in the coming months. This strategic business development achievement is set to complement the company’s current operations, bolstered by its existing Isle of Man licence.
Sebastian Damian, Managing Director of 3 Oaks Gaming, said: “We are thrilled to have obtained our UKGC licence, an esteemed accreditation within one of the world’s most recognised gambling markets. With this milestone achieved, we are dedicated to delivering high-quality, engaging content to UK-licenced operators.
“Our focus remains on progressing our market position and achieving ambitious growth goals, all while upholding our commitment to promoting responsible gaming.”
DSWV Calls for Changes as Black Market Betting Rises in 2023
The German Sports Betting Association (DSWV) has analysed the development of the German sports betting market for 2023 at its annual press conference. The main focus was on tax revenues, the black market and player protection.
Decline in Tax Revenue
In 2023, legal sports betting providers in Germany recorded stakes of €7.72 billion, a decrease of 5.4% compared to the previous year.
“Instead, the money flows into the coffers of the black market providers,” DSWV President Mathias Dahms said.
This development illustrates the challenges facing the legal market. One important reason for the decline is the migration of many players to illegal offerings. For example, since the State Treaty on Gambling came into force in 2021, regulated providers have not been able to keep up with the extensive betting offers of the black market due to a limited betting programme. The association is, therefore, calling for attractive framework conditions for regulated providers so that they remain competitive.
Combating the Black Market
Despite regulation, the black market has a significant market share in Germany. Studies, such as the Schnabl study by DSWV and DOCV, show that around half of the time spent by German online gambling users is spent on illegal sites. This alarming development requires urgent action on the part of the Joint Gambling Authority of the federal states (GGL). The DSWV is, therefore, calling for a reorientation of the current regulatory policy in order to strengthen the legal market and curb the black market.
Promotion of Player Protection
Many interested parties will open betting accounts during the European Football Championship. It is, therefore, all the more important that gamblers are directed to the legal market. Advertising helps to make the brands of legal providers stand out from the illegal offers on the black market. Only companies permitted by the GGL protect players. In the debate on sports betting advertising, the DSWV is, therefore, expressly opposed to a ban on advertising.
“No company can survive if it is not allowed to advertise, and this must remain the case for sports betting providers. Otherwise, players are left with the black market, where there are no protective measures and controls,” Dahms said during the conference.
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