More Licenses Bring the Pending German Regulation Roster to Almost 30Published March 29, 2021 by Lee R
The German regulation model is looking extremely robust after adding more major operator licences.
We are into the third month of 2021, which means the long-awaited German regulation era is getting closer to a full launch, with a few more licences awarded to increase momentum.
New Licence Recipients
Two new licences have been issued by the Regional Council of Darmstadt (RP Darmstadt) for online sports betting operations in the Germany regulation jurisdiction to Betsafe under the trading name Wegame; and Betway.
These two operators as well as three new division of Tipico were added to the full list of licensed operators in Germany, bringing the total number of licensees to 27, a list which has been growing steadily with each passing month.
Wegame's Full Range
Wegame’s licence includes Betsson brands; Betsafe; Casinowinner; Guts; Rizk Sport; Nordicbet; and Schnellwetten.
Betway's Early Deals
Betway had already inked new partnership agreements with Bundesliga football clubs SV Werder Bremen, Hertha BSC and VfB Stuttgart.
Betway Chief Speaks
Betway group chief executive Anthony Werkman expressed his thrill at confirming the licence, saying the reception of the sports betting licence from the Regional Council in Darmstadt gives Betway as a retail online betting operators “the transparency and security to cement our position as a responsible gaming provider in the German market.”
Werkman asserted the commitment of his organisation to German clients, to offer them “an unrivaled online sports betting experience in a safe, fair and responsible environment.”
Licence List Timeline
The first 15 operators received licences under the new German state treaty in October 2020. The first licence group included four for GVC Holdings, and individual approvals for Gauselmann Group, Tipico, and Austria’s Novomatic.
A second round of licences were awarded in September to Interwetten; Bet3000; and Betclic. In November, Everest’s Bet-at-home brand received a licence, with Stoiximan-owned Austrian operator Betkick Sportwettenservice and Malta-licensed Betago receiving licences in February 2021.
After years of stops and starts, it is heartening refreshing to establish a narrative on the construction of a tangible operator infrastructure in Germany, reflecting on the solidity of the foundation of the regulation model in a market expected to reach 3 billion euros by 2024. The added revenues and social and private benefits to be gained from a progressive and responsible iGaming regulation model couldn't come at a better time for all stakeholders.