Connect with us

Compliance Updates

DSWV Urges GGL to Immediately Safeguard Germany’s Online Gambling Marketplace Against “Unlicensed Threats”

Published

on

Reading Time: 2 minutes

 

German sports betting trade association Der Deutsche Sportwettenverband (DSWV) has urged the new federal gambling regulator Glücksspielbehörde der Länder (GGL) to immediately safeguard Germany’s online gambling marketplace against “unlicensed threats”.

Last week, the GGL formally took charge of the regulatory supervision of GlüNeuRStv, Germany’s Fourth Interstate Gambling Regime, replacing the executive of Saxony Anhalt, who had as the market’s interim governing authority.

Established six months ahead of schedule, the GGL faces a raft of complex challenges to fix Germany’s unloved GlüNeuRStv regime. The market’s licensed incumbents have been vocal about operating challenges and commercial shortcomings related to the regime’s- licensing application, product restrictions, advertising rules, compliance demands/costs and terms of competition against land-based incumbents.

The leadership duo of Ronald Benter and Benjamin Schwanke will serve as joint chief executives of the GGL.

The DSWV welcomed the GGL’s formation, wishing “the new state gaming authority a successful start into a new era of regulation for German online gambling”.

Outlined as the most pressing of matters, the DSWV has urged the GGL to “effectively combat illegal online gambling”, as a key criterion for Bundesländer’s compromise of the regulator mandate of the GlüNeuRStv regime, back in 2021.

“The assumption of the task of combating the illegal market by the GGL is a milestone for the German gaming market,” – remarked DSWV President Mathias Dahms.

“The Authority is now facing major challenges, and we hope that they will also overcome them. The unregulated black market has been able to take on gigantic proportions practically unhindered in recent years. It must therefore intervene now and create a fair market as quickly as possible.”

The DSWV noted “worrying feedback” from the GlüNeuRStv’s 36 licensed sports betting operators who have observed an ‘unprotected marketplace’ in which unlicensed competitors “romp around without a care for necessary player protections”.

Monitoring Germany’s new online gambling marketplace, the DSWV has identified 507 illegal websites that are actively targeting German consumers as “registration from Germany is possible without any problems”.

The ease of engagement with German consumers has escalated licensed incumbents’ fear that “the volume of the black market can hardly be estimated” and that illegal operators have significantly increased their market share since the GlüNeuRStv’s launch.

The GGL has outlined that it will counteract black market threats by using its regulatory controls of IP and payment blocking on unlicensed operators.

The DSWV welcomed IP and payment blocking as short-term measures and advised the GGL to focus on creating a better-licensed offering as the effective solution to safeguard German consumers.

The DSWV deemed that the success of the GGL as regulatory authority will be measured by achieving a high channelisation rate, ensuring the consumers engage and play with licensed operators.

Dahms concluded: “The goal of everyone involved should be to create a secure market that is interesting for customers.”

“Effective action against illegal providers and an attractive range of products on the legal market can actually stop the increasing migration of players to the unregulated black market.”

Continue Reading
Advertisement

Anastasia Rimskaya

Aviatrix receives certifications in Brazil

Published

on

aviatrix-receives-certifications-in-brazil

The award-winning crash game Aviatrix has received certification for Brazil’s online gaming market, ensuring full compliance in the market.

Aviatrix has been granted full Federal Certification to offer its games via licensed operators in the country. Meanwhile, Aviatrix has also acquired a dedicated certification for the state of Paraná.

This means Brazilian players can now enjoy the most innovative crash game on the market –  one that has already gained a loyal following across Latin America.

Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “This is a huge milestone for Aviatrix. Brazil is one of the most exciting, newly-regulated markets in the world. There is massive demand for high-quality content, and that’s why we know Aviatrix is going to thrive. We’re looking forward to bringing the game to the country via some world-class partners. Get ready for takeoff.”

Aviatrix has been rapidly expanding in Latin America over recent months, including in Peru and Colombia.

The company was also named ‘Rising Star in Casino’ at last year’s SBC Awards Latinoamérica.

The post Aviatrix receives certifications in Brazil appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Africa

Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited

Published

on

readen-holding-corp-finalises-acquisition-of-morrich-lottery-limited
Reading Time: < 1 minute

 

Readen Holding Corporation, a venture capital specialising in Fintech, Digital Payments and E-commerce, has announced the successful signing of the final agreement to acquire an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. This milestone marks RHCO’s official entry into the African gaming market — one of the fastest-growing and most promising sectors globally.

With the closing of this acquisition, RHCO now holds active licenses in Nigeria for lottery, sportsbook and casino operations, unlocking access to an estimated $2.5 billion gaming market projected to grow over 9% annually through 2030. This move positions RHCO to become a major international force in regulated gaming, entertainment and fintech infrastructure.

Ridzky Berg, CEO of RHCO, said: “This is more than an acquisition — it’s a strategic launchpad into one of the most dynamic gaming markets in the world. Nigeria’s youthful population, expanding internet access, and growing appetite for digital gaming make this a prime market. With our proven fintech backbone and seasoned leadership, we’re ready to set a new standard for integrated, secure, and user-friendly gaming platforms across the region.”

The post Readen Holding Corp Finalises Acquisition of Morrich Lottery Limited appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Swedish Regulator Imposes Fine of SEK12M on Videoslots

Published

on

swedish-regulator-imposes-fine-of-sek12m-on-videoslots
Reading Time: 2 minutes

 

The Swedish gambling regulator, Spelinspektionen, has fined Videoslots SEK12m (£937,016) for failing to help customers better manage their gambling behaviour when it had reason to do so.

The regulator said that the company did not take sufficiently effective measures to intervene on excessive gaming and “did not act promptly enough.”

The fine, along with a formal warning, comes after a Spelinspektionen investigation into Videoslots’ customer activity in spring last year. The regulator found that the company breached its duty of care obligations.

Twelve customers’ gaming behaviour was analysed, with the regulator concluding that their gambling patterns, deposit behaviours and “significant losses” were among the “multiple indicators” that the customers engaged in excessive gaming.

A number of the 12 customers returned to Videoslots’ platform to play “multiple times” during the day or play “continuously for many hours.”

The regulator said all of the customers had “very high deposit limits.” Three had limits of SEK1m (£78,164), one had a limit of SEK4.5m (£351,912) and another player’s limit was SEK300m (£23.5m).

All customers deposited “large amounts” during the review period, Spelinspektionen said, including one who deposited SEK1.8m (£140,785) and another who deposited SEK1.3m (£101,721).

“Several customers exhibited a deposit pattern where withdrawn amounts were deposited again shortly after being withdrawn,” the regulator said.

“For several customers, there were also a large number of deposits in a short period. Some customers regularly made multiple deposits per gambling day… and one customer had days with up to 28 deposits.”

“In light of the above, Spelinspektionen assesses that all the customers have engaged in excessive gambling during the review period,” the regulator concluded.

“The company has pointed out that individual indicators, on their own, may not necessarily be signs of excessive gambling. According to Spelinspektionen, all the above-mentioned indicators are signs of excessive gambling, and the overall assessment of all indicators forms the basis for the conclusion.”

The post Swedish Regulator Imposes Fine of SEK12M on Videoslots appeared first on European Gaming Industry News.

Continue Reading

Trending