GVC Holdings Launches Transition to German Regulation ModelPublished October 21, 2020 by Lee R
All operators will be following the lead of the first operators to address guidelines for the transition to the Germany regulation model.
With Germany about to actually regulate, the private operator GVC has implemented adaptation in time for the transitionary period initiating October 15.
About the Tolerance Policy
The transitional Tolerance Policy was confirmed by the 16 Lander German federal states on September 10, applicable to the period ahead of the implementation of the Interstate Treaty 2021.
The Tolerance Policy has key elements which London-listed GVC has revealed as the operating giant initiated its adaptation process in the new promising market.
The first key adaptation to the Tolerance policy is the nationwide switch-off of all casino table games including but not limited to Blackjack and roulette, until the moment each individual Lander chooses to issue licences under the Interstate Treaty regulation structure.
Slot and Poker Limits
Limits across poker and slot gaming will be set at €1000 per month, with permissions to raise these limits possible once full licences have been issued.
An array of Responsible Gaming enhancements will include prescribed verification of customer processes and cooling off periods.
Slots and Autospins
Restrictions will be placed on parallel play on slots and autospins, preventing players from logging into or playing two different games at the same time.
Advertising and Betting Restrictions
Restrictions will be placed on poker and slots games advertising, with more limited restrictions to be imposed on sports betting in-play markets, including €1 max stake per spin on slot games and 5 second minimum durations for slot spins.
GVC's Leading Role
GVC is positioning itself to be one of the first sports betting and gaming licensees in Germany under the Interstate Treaty set to come into force 1 July 2021.
GVC CEO Speaks
GVC CEO Shai Segev welcomes the Tolerance Policy of the Interstate Treats for bringing “long-awaited clarity” to the iGaming regulation in Germany” and “the greater certainty and detail it provides on operating under the new licencing regime.”
Segev called the new regime “a level playing field for responsible, licenced operators” with German consumers, the GVC Group and the industry as a whole being the ultimate beneficiaries.
This deal enhances GVC's foothold as one of the most compliant and responsible operators in the industry, and build the company's brand in Europe's largest and potentially most influential new market.