Bet-At-Home Casino Brand Awarded German Betting Licence

Bet-at-home casino brand of Betclic Everest was awarded a sports betting licence by the Darmstadt Regional Council of Germany.

This casino operator has not been added to the Council’s approved whitelist of betting operators handling betting licences in Germany in compliance with the Treaty on Gambling of the Third State.

Franz Omer, Chief Executive Officer of Bet-at-home, said he was very happy that the brand is one of Germany’s concession holders.

The brand will be added to the list of 15 operators that have earned their licences so far . The likes of Bet365, Tipico, Tipwin and GVC Holdings are included.

Admiral Sportwetten by Novomatic, Jaxx, Greenvest Betting’s and BetVictor are also included.

These licences ended a long period of legal confusion and came shortly after the Austrian betting operator Vierklee ‘s April legal challenge was withdrawn by the court.

Under the Treaty of the Third State, consumers will face a €1,000 monthly betting cap. A certain limited number of clients may have their limits raised to EUR 10,000 or EUR 30,000.

Deposits will also be restricted until certain verification tests are passed by players, although licensees will also have to integrate with the national OASIS self-exclusion scheme and the Regional Council must authorise betting markets.

Bet-at-Home reported that, considering the effects of the novel pandemic and the fact that it withdrew from some newly controlled markets such as Switzerland during the year, it remains on track to meet its full-year goals for 2020.

For the first half of the year, gross betting and gaming sales amounted to EUR 62.3 m, down 12.4 percent from EUR 71.1 m in the first six months of 2019.

In September, it became obvious that the gambling environment in Germany was going to change dramatically. A federal regulatory structure was approved that would detail the rules and regulations for how the iGaming industry would run.

In the Berlin Senate, Minister Andreas Geisel accepted the German State Treaty draft.