A market analysis carried out by the GGL, (Gemeinsamen Glücksspielbehörde der Länder), the gambling authority responsible for all regions in Germany, revealed that more than 95 % of the sales on the German sports betting market is generated by legal providers. This shows a contrasting picture to other market data which was published recently by the German sports betting organisation (Deutsche Sportwettenverband (DSWV). This data shows that there was a sharp fall in sales when compared to the previous years. One of the main reasons: the huge black market.
In 2023 the Formula 1 will be holding the Grand Prix in Las Vegas for the first time. When the events were announced in 2022, one could already notice that the city and the racing team are looking at a long-time cooperation. Actually, the contract runs till 2025. The authorities in Las Vegas are aspiring to have a minimum of ten years‘ partnership and closing the strip for the races and the billion-dollar-business every year.
For some time, we have been seeing an increase in the number of illegal slot machines in Germany. Nearly every day it is reported in the media that illegal slot machines are confiscated during raids. However even for the investigating authorities it is often not easy to recognise money slot-machines which are manipulated. What can the perpetrators earn from such illegal slot machines?
In late Summer 2022 there were already reports in the German media about the 17-year-old apprentice from Carinthia who had made a complaint against the PlayStation group Sony. The claimant’s lawyer sees an infringement against the Austrian Gambling Legislation in the player selection in the FIFA loot boxes which is generated randomly after money is transferred. Several complaints followed. The case was heard at the end of February 2023.
A report published by analysts at TechNavio has predicted that the online gambling market could be worth a whopping $ 305.5 billion by 2027. The report went on to state that the online gambling industry was worth $ 155.51 billion in 2017.
This would see an increase by as much as $ 150.5 billion at a computer annual rate (CAGR) of 11.03 % to hit a market value of $ 305.5 billion.
Recently, in America a lawyer had to reply for the fact that she had defrauded her investors the sum of 10 million. According to the charges, she had squandered the money in the gambling metropole of Las Vegas. Now she must pay the money back within two weeks.
From July 2021, amusement arcades in Baden-Württemberg cannot be located within 500 metres of children's and youth facilities. This distance requirement also applies to the premises themselves. If a casino is too close to a school, kindergarten, etc., it will not be allowed to offer games of chance. or does not have sufficient distance to its competitors, it will receive a letter from the Administrative Court of Baden-Württemberg. These regulations have already forced some casinos to close their doors. However, two operators do not want to go that way. Following a complaint, they have been vindicated for the time being!
On the 14th. March 2023 the popular Twitch-streamer and E-sportsman “Flobby” died at the age of only 22 years. According to the information given by his friend and streamer colleague “Big Spin” from the E-sports-organisation SK Gaming, Justus von Eitzen, as he is known by his civil name, committed suicide. Now on the internet there is speculation about why the successful streamer has chosen to die at such a young age.
A few days ago, xRohat, one of the most successful German streamers on Twitch, criticised the wages of the top streamers. In his opinion it is not necessary for successful streamers to cooperate with online casinos. The 20-year-old was hinting at the recently announced casino deal of his colleague “Bazzi”. But do the Twitch-Stars really earn too much for their activities?
Those who gamble in a casino or make sports bets will at one time or other realise that psychology has a strong influence on gambling behaviour. The reward system of the human brain is very powerful among the other psychological factors and processes. Its influences are very often seen in a negative context. They can actually be used as an advantage!
A few days ago, the 74th. Formula 1 World Championships Grand Prix started in Bahrain. During the preparations, the racing team of Alfa Romeo has attracted unwanted attention. The reason for this being the new title sponsor- the crypto casino Stake.com. Is a gambling provider as a main sponsor of a Formula 1 race morally acceptable and reliable?
In September of last year, we had reported about the fact that till then there were nine German licences for virtual slot machines. Meanwhile another 6 months have passed, and further gambling companies have received the sought-after German licence of the GGL, the Gemeinsamen Glücksspielbehörde der Länder (the Gambling Authority responsible for all regions in Germany). But which companies hold a German license for which platforms?
At the beginning of February, a Chinese man had tried to play a wrong game on the Roulette table in an Austrian casino. The aim was to defraud the casino. However, the deceit was noticed, and the police arrested him. Which scam did the man use to defraud the casino in Roulette?
At the beginning of the month, we had reported that a Chinese man had tried to defraud the Vienna Casino at the Roulette table. The perpetrator together with two other accomplices had acquired the sum of 118,000 Euro from this. Now further details about the cinematic roulette rip-off. In this article we will reveal how the perpetrators managed to defraud the city casino in the Austrian Capital City.
The Dutch Gambling Authority is proceeding radically against gambling providers without a valid licence. As it was announced a few weeks ago, the Kansspelautoriteit imposed the sum of 25 million Euro against seven online gambling providers. Now the Authority has also announced which gambling companies can expect to receive fines.
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