The German legislature enacted new gambling laws and enacted the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStv) to establish a new regulatory agency. It would make it possible for online poker and casino-style games to become lawful for the first time in the country if approved by each state parliament and the European Commission effective July 1.
Many casino-style games will also be available, in addition to poker and sports betting. This will allow for slots but under certain very strict rules they will only be eligible to be offered. For eg, slots will be limited to € 1 per spin stake limit, and a compulsory deposit limit of € 1000 has been set as well.
Sports betting has some new rules, too. This will involve restricting live betting on the final result or who the next scorer will be.
The GlüNeuRStv will have regulatory authority over new measures in the gambling market. This will require licences, collaborating with local government bodies.
Although this has been a big move forward for Germany, not all are happy with the latest guidelines. The president of the German Sports Betting Association (DSWV), released a comment about the new rules.
Mathias Dahms clarified that this was a positive’ first step towards modern, market-compliant gaming regulation,’ but added that the treaty also includes a number of’ structural undesirable developments, which will pose challenges to future gaming regulations.’ Dahms cautioned that the new regulations are actually nothing more than’ a rigid set of rules, that would neither help player protection nor lead to squeezing the black market.’
The primary concern with respect to these new rules is that it could lead people to foreign operations where bet limits could be far higher. The GlüNeuRStv, however, seems rightly worried about the dangers of gambling people beyond their means.
Even with the restrictions, businesses are lining up to obtain a licence to operate within the country. 30 applications were already issued and 20 other operators stated that they plan to apply.