Bookies to Comply with German Law
The allocated licenses enable each operator to offer betting products to players across Germany. The actual terms of every given license are yet to be formally agreed upon, outlining the implementation plan that is to be in place in the early part of 2021.
The general upper betting limit for each player is set at €1.000 per month. This according to information could vary, depending on the negotiations of every betting company upon the license allocation. GVC, for instance, announced on the 12th of October that the stake limit on its brands can be increased up to €10.000, depending on certain criteria. Moreover, there might be a further rise of up to €30.000 for only 1% of its players; but once again under strict conditions.
GVC’s CEO, Shay Segev, expressed his contentment with the implementation of the transitional framework (starting on October 15) in the German betting landscape. He also stated that the long-awaited regulation of online betting will strengthen and consolidate his company’s position in a more transparent market for both players and bookmakers.