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Germany to Officially legalize online gambling and poker

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Germany to Officially legalize online gambling and poker
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Germany’s relationship with online gambling has been in a grey area for quite a long time. It was largely illegal, except for about 20-something operators who had permission. There were not many legal gambling sites in Germany, and the process of obtaining a license was extremely hard and complicated.

According to a new regulation that will take place starting the 1st of July, Germany will be legalizing online casinos and poker officially, on a state level. The legislation was passed at a meeting in Berlin.

When will it go into effect?

The changes will be implemented slowly as the regulatory body Glücksspiel Neuregulierung Staatsvertrag /GlüändStv/ will be instantiating online casinos and poker among legal ways to gamble online.

As of now, only sports betting will be allowed for companies who obtain the license from Darmstadt Regional Council, for which 30 companies have already submitted an application, and about the same number is allegedly making plans to do so in the near future.

What do you need to know?

Sports betting will also be one of the subjects that will undergo some changes with new guidelines. Mainly, live betting will be limited to a degree, specifically how the bets are made on final results and the next scorers.

Besides poker and sports betting, most other casino games will be fully allowed as well, including the oft-desired slots which are very popular all around the world. Due to their popularity, slots will come with some very strict guidelines that need to be followed by each and every casino offering them. As an example, the maximum bet per spin will be limited to €1, along with a mandatory €1000 deposit limit. Slots will also need to be advertised and offered separately from all other table games, and they may not be advertised between the times of 6AM and 9PM.

One of the main advantages that this change will bring is the safety of the consumer. As stated, online gambling is a grey area in many countries, and that includes Germany. The government officially stepping in to regulate the environment ensures that people may safely try out a lot of different casinos. Comparing the best casino bonus codes is something that many gamblers use as a main deciding factor for choosing an online casino, but what they often miss is the safety aspect of it, meaning how trustworthy and legitimate a casino is. There’s also the issue of reliability of the software itself, payment processing and more. With the government officially setting standards, the bar will be much higher, ensuring higher overall quality for all players.

While these regulations are in place for the consumer’s protection and are made with the best intentions in mind, many in the gambling community, and also from the regulatory environment as well, are quite discontent with these changes. The German Sports Association (DSWV) president responded that while this was a good and positive step towards modern and regulation-compliant gambling market, these changes also may lead to some “undesirable structural developments”, which may pose challenges for future regulations.

The primary concern that many experts have risen is that these changes and regulations may lead people to search for other international options where limits are much higher. This results in an increased risk of playing at websites that are, to an extent, shady, or worse – illegal. Benevolent as they may be, how these regulations turn out to work will only be shown by time, but for now, experts are optimistic in their anticipation.

Industry News

Hensel Grad Law Firm Joins All-in Diversity Project as Strategic Partner

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The All-in Diversity Project has strengthened its network by signing the Hensel Grad Law Firm as its first strategic partner of 2022.

With more than 20 years of experience as gaming regulators and a thorough comprehension of how gaming laws are implemented and enforced, Hensel Grad is a gaming law and advisory firm positioned to serve an explosive gaming and sports betting industry in the US. Susan Hensel, one of the firm’s founders, is also a long-standing member of the All-in Diversity Project Advisory Board.

As the central global resource for diversity, equality and inclusion, the All-in Diversity Project is a nonprofit committed to helping businesses around the world to become better companies through their DEI efforts.

“2022 is a key year for All-in. Not only does it mark the release of the third All-Index, which this year will include early insights into the impact of COVID and includes more big names than ever before, it is also the year that we start to step out of betting, gambling and gaming through our partnership with the British Standards Institute and launch of the first ever formally recognised Code of Practice for Diversity, Equality and Inclusion in the Workplace. At a time when the industry faces greater pressures than ever before, this offers us a unique opportunity to position the sector as a global leader in DEI. Our success has, and continues to be, driven by organizations and individuals committed to change. In Hensel Grad we get both,” Christina Thakor-Rankin, co-founder of All-in Diversity Project, said.

“Hensel Grad is honored to join All-in as a strategic partner. What All-in has been able to accomplish in its first three years is impressive, and we look forward to being at the organization’s side as it continues trailblazing for diversity, equality and inclusion in an industry where such growth is not only under a spotlight but also overdue. We are excited to help the organization reach even greater heights in the years ahead,” Susan Hensel said.

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Industry News

WorldMatch Strengthens Partnership with Cristaltec

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WorldMatch Strengthens Partnership with Cristaltec
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WorldMatch has strengthened its partnership with Cristaltec by agreeing to distribute Cristaltec’s newest games to the Italian market.

WorldMatch is a pioneer and leader in the online market, an ever-expanding B2B provider who has provided for over twenty years what customers and players value the most: security, creative content, operational efficiency and innovative technology.

In addition to self-made slots, known and appreciated by operators around the world, WorldMatch will now also distribute products developed by third parties on the market.

After porting the most popular AWP / VLT Cristaltec games for the online market, WorldMatch will distribute Gallina d’Egitto Classic, Ghost Castle Classic, Blackout Classic, Egyptian Mythology, Vampire, Arizona, 7 Diamonds and Genius, for key customers in the Italian market.

“Cristaltec is a very important partner for us. We are excited to continue working together towards new goals. We are ready to enrich our gaming offer with these titles and we are honored to be able to present the new Cristaltec products to our customers. With this agreement we will further improve both the variety and the quality of our portfolio,” Andrea Boratto, CEO of WorldMatch, said.

“We intended to invest and capitalize on our experience and ability to diversify and expand the gaming offer that has seen us and sees us as leaders in the AWP sector. After the acquisition of the Italian branch of the Inspired multinational for the VLT market, we are strongly committed to the online to bring our gaming philosophy to customers in this sector as well. The collaboration with WorldMatch, leader in the reference market, constitutes an important step for Cristaltec to carry out its goals of growth and consolidation to the online,” Giovanni Agliata, CEO of Cristaltec, said.

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Industry News

888 Reports Record Revenues in 2021

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888, one of the world’s leading online betting and gaming companies, has announced “another record year”, with revenue growth of 14% driven by expansion in regulated markets.

In its post-close trading update, the betting giant reported growth driven by regulated and taxed markets, which contributed 74% of revenue, with strong performances in the UK, Italy, Romania and Portugal, partially offset by a decline in Germany.

B2C revenue increased 15% to $934 million, led by casino (up 24%), with sports growth of (up 4%) reflecting the greater impact of regulatory changes on the sport business, in particular the exit from the Netherlands.

Fourth quarter revenue hit $214m, down 16% from 2020 in-line with 888 expectations.

The update also highlighted the acquisition of William Hill International, which is expected to complete in the second quarter of 2022.

During the period, 888 also made a “strategic” sale of B2C and B2B bingo business for up to $50m, increasing the focus on core B2C platform and US growth strategies.

Itai Pazner, Chief Executive Officer at 888 Holdings, said: “2021 was a year of outstanding strategic progress for 888 as we announced the transformational acquisition of William Hill International, and reached an agreement to sell our bingo business to increase our focus on our B2C and US growth plans, as we continue to execute our plan to build a global online betting and gaming leader.”

“In addition, we successfully launched SI Sportsbook in the US shortly after signing a long-term brand partnership and began operating 888sport under a new licence in Germany, all using our in house sports platform.”

“I am pleased to report another year of record revenues alongside these important strategic milestones, delivering double-digit revenue growth despite a very tough comparative period. This performance reflects the continued success of our data-driven investments and execution against our product-leadership focus that delivers ongoing improvements in the usability, quality and safety of our sports betting and gaming products.”

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