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Bet-at-home Decides to Temporarily Discontinue Offering Online Casino in Austria

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Bet-at-home AG has announced that it will temporarily discontinue its offering of online casino in Austria, and recognise further provisions due to player lawsuits for repayment of gaming losses.

The Management Board decided during a meeting with the Supervisory Board to put the online casino offering in the country on hold. This is due to the fact that, even though the company considers itself to be lawful, the continuation of the activity before final legal clarification over a period of time that is currently no longer foreseeable would lead to a steadily increasing risk potential that appears indefensible overall.

The Germany-based company had already announced that it was facing legal claims from customers for a reimbursement of gambling losses in the online casino.

In a statement released by the company, the bet-at-home.com AG Group said it still considers the online casino monopoly of the national Austrian gambling regulation to be “contrary to European law”, and considers itself to be a “lawful online casino provider in Austria”.

Regarding the necessity derived from the current European Court of Justice case law of a recurring review also by the Austrian courts, bet-at-home.com AG Group deems it is not taking place to the required extent, and has so far assumed a positive development of case law in particular at the higher courts in the appeal instances, until the end of the first half of 2022.

However, due to a recent decision by the Austrian Supreme Court, it is now unclear whether the bet-at-home.com AG Group will be able to enforce its legal opinion in Austrian courts in the foreseeable future.

The decision on any resumption of the online casino offering in Austria will be made in the future depending on the development of the legal framework, and the company “will continue to use all available legal means to take action against the lawsuits filed in Austria”.

The Management Board also decided to recognise further provisions for the customer lawsuits for reimbursement of player losses that have been pending in Austria to date.

As a result, the Company provisionally expects gross betting and gaming revenues of between EUR 93 million and EUR 98 million for the bet-at-home AG Group in fiscal year 2021 and negative EBITDA of between EUR -14 million and EUR -10 million, which includes expenses of EUR 24.6 million in connection with the Austrian customer lawsuits.

Depending on the decision of the Austrian tax authorities, the Company assumes that gaming levies amounting to 40% of the relevant amounts will have to be refunded to the bet-at-home AG Group on player losses to be reimbursed. However, due to legal uncertainties, these amounts are not used to reduce the aforementioned expenses and are not capitalised.

Central Europe

TrueLayer continues its European expansion appointing Sebastian Tiesler as Country Manager for Germany

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TrueLayer continues its European expansion appointing Sebastian Tiesler as Country Manager for Germany
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TrueLayer, Europe’s leading open banking platform, has announced that Sebastian Tiesler has joined the firm as Country Manager for Germany. A highly experienced product and commercial manager, Hamburg-based Sebastian will define and manage commercial strategy in Germany, alongside TrueLayer’s Chief Revenue Officer Max Emilson.

The announcement comes as TrueLayer consolidates its position as the leading open banking platform across Europe, routing more than half of all traffic in the UK, Ireland and Spain. TrueLayer offers 90% coverage of German banks delivered through PSD2-compliant APIs and has been active in the country through its collaboration with innovators such as Revolut.

“Open banking offers significant benefits over the existing payment methods available to German consumers and businesses – they’re instant and digitally-native, providing an improved payment experience and at a lower cost to the merchant,” Tiesler explained. “This is the ideal time to join an innovator like TrueLayer as more German banks, consumers and businesses embrace open banking. There is so much opportunity and I’m incredibly excited to help build the business, expand our local market presence, win new business with local clients and work with our existing clients as they expand into Germany to take advantage of the changing market landscape.”

Sebastian brings more than a decade of experience in fintech product management and commercial development, most recently from German open banking firm, finleap connect, where he was responsible for solution engineering & go-to-market strategy. He has extensive banking and payments knowledge having also worked at figo, responsible for product development and subsequently helped merging with two other firms to create finleap connect, and as Head of Mobile Solutions at Star Finanz, a subsidiary Finanz Informatik (Sparkassen FInanzgruppe), among others.

Max Emilson, CRO at TrueLayer, commented: “TrueLayer is accelerating its European expansion, tackling the issues of costly, poor converting payment methods with instant, secure bank-to-bank payments. Germany offers a huge opportunity with established financial services centres, a thriving fintech scene, and ecommerce platforms that can all benefit from TrueLayer’s services. Sebastian will play a critical role for us in Germany, building on our work with clients such as Revolut, and expanding our operations in the country. His experience, within the local fintech and payments ecosystem and in-depth knowledge of open banking will be vital as we continue to grow in the country.”

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BtoBet Press Releases

BTOBET ENTERS HIGHLY REGULATED POLISH MARKET WITH MULTI-CHANNEL BESTBET24 LAUNCH

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BTOBET ENTERS HIGHLY REGULATED POLISH MARKET WITH MULTI-CHANNEL BESTBET24 LAUNCH
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Leading sportsbook platform provider BtoBet, now part of Aspire Global, has announced a deal with BestBet24 marking its entry in the highly regulated Polish market.

BtoBet is providing BestBet24 with its Neuron 3 sportsbook platform for both its retail and online channels, as well as a dedicated risk management service.

Warsaw-based BestBet24’s operations will feature an extensive network of over 80 retail shops in parallel to an online and mobile offering.

Dima Reiderman, Chief Operating Officer at BtoBet, said: “We are delighted to announce the launch of this strategic partnership with BestBet24. This partnership and the resultant entry of BtoBet in the highly appealing Polish market falls in line with our growth strategy in the mature European market and other regulated jurisdictions. We are very pleased to be working alongside BestBet24 to build a market leading sportsbook offer for the Polish players and to transform their brand into a market leader through a unique and engaging betting experience.”

Kamil Kliniewski, Chief Operating Officer at BestBet24 said: “We seek to present a new approach to the Polish betting industry, which has up until now been characterised by a lack of diversity amongst the different brands already operating in the market. We are confident that our market knowledge, in synergy with BtoBet’s technological capability will enable us to acquire a strong market share.”

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Central Europe

Superbet Romania features NSoft’s Roulette and Virtual Penalty Shootout

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Superbet Romania features NSoft’s Roulette and Virtual Penalty Shootout
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Superbet Romania recently added NSoft’s second most popular game, Roulette and Virtual Penalty Shootout, into its online channels.

The players of Superbet in Poland and the ones in Romania have already recognised this newest addition to NSoft’s hot game portfolio.

“NSoft are a long-term strategic partner for us at Superbet, their Virtuals are a fan-favourite for our omnichannel customer base” Adam Shaw, MD Online at Superbet.

“Our companies have grown together. It is safe to say that we have found a reliable partner in NSoft, and we are always open to new features, games and solutions coming from NSoft dev kitchen”, concluded Shaw.

NSoft’s Roulette is a round-based modular game available for all channels. It is one of the most popular NSoft’s games thanks to its stability, simplicity and well-developed user interface.

Simplicity in bet placement, fast rounds and additional features, such as statistics including hot and cold numbers, makes it very appealing for the players. The game is a must-have from the betting operators’ side as the players are accustomed to having quality roulette software on display.

“In the initial phase of development, we have learned that there are very few round-based Roulette games in general, and not a single retail-based Roulette. Most of the Roulette products were on-demand casino category products and real, physical roulette machines located in casinos and bet shops. So, that was our niche. Soon after Roulette for retail and terminals, we have developed a version for the online channel,“ said Karlo Kralj, VP of Sales at NSoft.

Kralj added that the NSoft dev team went one step further and developed Lightning Roulette, a version created for the online channel with lightning-fast rounds and revamped UI.

The second novelty on Superbet’s betting website is Virtual Penalty Shootout, a virtual sports game that captures the players’ attention with stunning visualisation created using motion capture technology. This engaging game, with the various betting markets, has been nominated for the Global Gaming Award in the category Product Launch of the Year.

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