There are around 30 online providers in Germany which hold a licence to provide virtual slot machines. It is striking that the land-based casinos have till now been holding back from the internet. On the other hand, the situation in Switzerland seems to be the opposite. Many casinos here hold an “extension to their concession for online games of chance”. Can this be a model for Germany?
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.
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?
Since the introduction of the State Gambling Act 2021, the regions as the social and legal core idea, should take it upon them to drastically contain illegal online gambling and offer a higher player protection. Could the GlüStV (State Gambling Act) 2021 reach these aims? The results of the recent GambleJoe-Survey “Effect analysis of the new regulations according to the GlüStV 2021“ raise this question.
As the General-Anzeiger in Bonn reports, the FDP in North Rhine Westphalia is not happy with the dragging and difficult approval procedures for online casinos. What is exactly going wrong here?
The state is making even more money from games of chance. According to the German Federal Statistical Office, during the last year the revenue from taxes on games of chance totalled more than 2.5 billion. When compared to the previous year this is an increase of more than ten per cent. How much revenue did the state make from the new virtual slot taxes?
Australia has long been a gambling stronghold. According to the statistics, there is no other country in the world where the people lose more money per capita than in the densely populated city in the Southern Hemisphere. It is therefore no secret anymore that Australia has a massive gambling problem. What are the decision makers doing about this problem and why do the people there gamble so much?
StarGames was for several years a popular address for German gambling fans. Then surprisingly the provider left the German online gambling market and for a long time it was only offering gambling with play money. A few days ago, the provider received its German licence for online slots from the Gambling Authority and it can now operate legally.
The local court, Amtsgericht Tiergarten has issued a court order against a famous German casino streamer. The influencer is being accused of taking part in illegal gambling and also advertising it. Now he has been ordered to pay a fine of 480,000 Euro. Why is the fine so high and for what is the penalty exactly?
A casino verification is carried out to ensure that the players are registering on the online casino with the correct data. This is standard for all the providers licensed in Germany and it ensures that player blocking is implemented reliably and that users who are minors are excluded from playing with real money. In the following handbook we will explain all the important facts about the verification.
The company Sächsische-GmbH & Co. KG has opened its online casino a few days ago. This is the first state-owned online casino on the market in Germany. For now “only” virtual slot games and no classical casino games such as Roulette or Blackjack will be available. How attractive are the online offers of the state Spielbanken-GmbH?
For years Malta has been established as a European centre for the online gambling market. In the past, the early liberalisation of online casinos together with low tax rates and charges had attracted many gambling providers to the Mediterranean island. In an exciting exercise we looked at the importance of the Maltese online casinos as money laundering means for the Italian Mafia groups.
Entain plc has stated that as the leading provider for sports betting and casino games, it has acquired all five licences which it has applied for in Germany. Thus, Entain plc seems to not only have acquired the licence for virtual slot machine games, but it also holds the first licence for online poker in Germany. Are these services already accessible for players from Germany?
The German professional football player Max Kruse has also been a poker player since 2014. A few days ago, the 34-year-old won his first tournament of the World Series of Poker Europe (WSOPE), which also provided him with a high renumeration. How did the Hamburg- born player get this coupe and what does this mean for his future?
By now, eleven online gambling firms hold a German license for virtual slot machines. A closer look at the licensed internet sites shows: many gambling providers are launching new online casinos instead of applying for a licence for an already existing online casino. What is the reason for the fact that so many new online casinos with a German license are opening?
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