Tipwin, Mybet acquire licences for online gambling in Germany

The process of granting licences for internet gambling in Germany is moving along pretty slow. Tipwin and Mybet became Germany’s second and third gambling companies on June 23, when they joined Mernov as recipients of licences to operate slot machine games in the nation.

The Fourth State Treaty on Gambling entered into force in July 2021, marking the beginning of the legalisation process for the online casino business in Germany. Prior to the treaty’s ratification, online gamblers in the nation were only able to wager on sports events, but now they have access to other gambling options, including poker and slot machines.

TIPWIN TO BEGIN OPERATION IN GERMANY

Tipwin has been granted a licence to provide digital slot games at this moment, which is the only alternative accessible. This week, the permit was issued by the Halle State Administration Office, which is the agency responsible for the granting of licenses.

Tipwin is included as an authorised operator of online gambling games in the revised and updated whitelist of gaming operators that was released on June 21. It is the second firm in Germany to receive this particular licence, following the lead of Mernov. Additionally, Tipwin was the first firm in the country to be granted a gaming licence for its sports betting operations.

When the licence finally showed up, Tipwin was filled with a certain amount of apprehension about the future. In spite of this, it has stated in a press release that it will “carefully examine all of the ancillary provisions” of the licensing regulation.

In a comment, the head of Tipwin’s legal unit, Dr. Damir Bohm, noted that Germany and authorised providers need to look more closely at the industry for illegal operators. They ought to coordinate their efforts in order to eliminate such sites in an attempt to make the legal industry more effective.

MYBET SET TO COMMENCE OPERATION FOLLOWING AUTHORIZATION

The registry was refreshed once more on the day of approval by the Halle State Administration Office. As a direct consequence of this development, the Austrian company Ruleo Alpenland AG, which is responsible for the operation of Mybet, has become the third licensed supplier of digital slots. Mybet.de, the firm’s online sports betting platform geared towards Germany, has been in possession of a sports wagering licence for some time now.

Ruleo, on the other hand, has not as of yet sent a formal press announcement concerning its intentions to launch an online casino. In addition to that, its site for sports betting does not feature any information whatsoever concerning the provision of online slots. As a result of this, it is unclear when the corporation will actually begin operating its online gambling activities online.

It is still unknown whether or not the procedure of obtaining a licence will quicken now. By giving permits sequentially, Germany established a new benchmark for the fledgling online gaming industry in its country. As a result, there is optimism that other companies will find a way to enter the industry.

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