It is an open secret that the gambling industry is sometimes used by criminals to launder money. This applies to both land-based and online casinos. Inadequate player identification can facilitate money laundering activities. Today we would like to answer the questions of how money laundering works in online casinos and how easy it has been, or in some cases is being, made for criminals.
Christian_1994
According to the official whitelist of the gambling authority, exactly 40 companies are now in possession of a German licence for virtual slot games. The companies operate platforms such as StarGames, Jokerstar, DrückGlück, Novoline, LeoVegas, Spinz, Wildz, JackpotPiraten and many more. But which will be the best online casino in Germany in 2023? We took a closer look at the current rankings and listed the pros and cons.
Christian_1994
Online gambling has been regulated in Germany since July 2021. In order to be allowed to offer virtual slot games, providers need a license from the Joint Gambling Authority of the Federal States. Despite the now clear legal situation, Curacao casinos continue to enjoy great popularity. But what about the future of these casinos? The Minister of Finance of Curacao plans to rehabilitate online gambling.
Christian_1994
Sustainability and environmental protection have long since arrived in the gaming industry. German casino games manufacturer Gamomat has been active in this area for some time. Now the company has expanded its "Gaming for the Climate" initiative. What exactly does this mean?
Chris_W
The creation of the best possible conditions for the protection of gamblers in Germany is one of the main objectives of the State Treaty on Gambling of 2021 and thus of the responsible Joint Gambling Authority of the Federal States (GGL). A study is now to be carried out to determine whether and how the measures implemented to date are having the desired effect.
Chris_W
The crypto industry has been thriving for years, producing innovations on a regular basis. Now a new hype is emerging that affects the gambling industry. GambleFi could revolutionise online gambling for money. What is it all about?
Chris_W
The current gambling regulations in Germany are an absurdity for most players: too many restrictions, too little fun and too many alternatives on the illegal market. For the most part, the authorities and politicians defend the measures. Recently, however, more and more critical voices have been raised, including those from the business community. Lars Felderhoff, CFO of Gauselmann, recently spoke out in an ntv podcast.
Chris_W
Both online and offline, the gambling industry in this country is highly regulated. Whether this is a good or bad thing is a matter of opinion. However, the question is whether less regulation would mean less illegal gambling. But at what point should regulation be relaxed, and can politicians even justify doing so?
Christian_1994
The new State Treaty on Gaming (GlüStV) came into force almost exactly two years ago. Since then, the online gambling industry in Germany has changed dramatically. Although virtual slot machines and online poker can now be played legally on the internet, both providers and players are still struggling with the legal framework. So what have two years of the State Treaty on Gambling actually achieved?
Christian_1994
In recent weeks, two major gambling brands have been fined seven figures each. In total, the two gambling companies will have to pay almost five million euros. But which gambling companies are involved, and what wrongdoing have they been accused of?
Christian_1994
A few days ago, the state-owned Toto-Lotto GmbH Baden-Württemberg acquired the sought-after German Gambling Authority licence for virtual slot machines. This permits the lottery company of the region of Baden Württemberg to provide legitimate online slots such as Book of Dead or Ramses Book. Can one already make use of the online casino of Lotto BW?
Christian_1994
Sports betting is a huge business – most especially for the bookmakers, but also for the customers. According to a recent report of the Deutschlandfunk there are several criminals. The latter do not “only“ try to trick the bookies but they also influence the game for their betting fraud purposes. During the past year the Swiss analysts from Sportradar registered 1150 rigged games. This is an all-time record!
Chris_W
The portals Lotto24.de and Tipp24.de are very well known with lotto fans. The first address also enjoys a certain amount of popularity because of the TV advert which features Sky du Mont and which is streamed on several stations. At the moment work is going on at full speed to promote the services to other gamblers: in short, several slots will be added to the portfolio.
Chris_W
Jokerstar is one of the best rated online casinos in our comparison. The good rating of the users refers also to the high-quality portfolio of the games. In this regard there is now a further strong argument in favour of gambling at Jokerstar: The Swedish game producer Play’n GO is with immediate effect one of the platform’s partners.
Chris_W
…but in a different way. Betting on sports activities is as popular as ever in the USA. Since games of chance were regulated in 2018, one is meanwhile more or less free to play games of chance in 29 states. Those responsible have based the procedures on the European ones but the services are more regionally restricted.
Chris_W