Cashpoint, a Gauselmann Group subsidiary, was awarded a sports betting licence in Germany six years after the company received initial marketing approval.
On Friday, approval was issued by the Darmstadt Regional Council, which is responsible for German licencing, authorising the operator to offer online and land-based sports betting services throughout the country.
Markus Ettlin, sports betting manager at Gauselmann Group said: “We are very pleased to be among the first to be able to offer our betting program to our sports-loving customers with a state license. After many years of legal limbo, binding rules now apply to everyone on the German sports betting market.”
“The future will show to what extent the state and the responsible regulatory authorities will now protect the licensed market participants and thus also the consumers from illegal providers,” Ettlin added. “In any case, we will do our best to ensure fair competition, which is ultimately in the interests of every consumer.”
Paul Gauselmann, founder of Gauselmann Group, commented: “As early as 2014, my group of companies had more than met all the requirements in the first license procedure and emerged as number one from the examination of this extensive procedure. Unfortunately, it has taken until today to end this legal state of uncertainty. But I am all the more pleased that we are finally among the first.”
The regional council of Darmstadt also approved licences for four GVC Holdings brands on Friday.