Gambling regulation: Tipico adapts its offers to the new transitional regulation

/in , /by

Today, 15 October 2020, Tipico, the market leader for sports betting in Germany, has adapted its services to the requirements of the Joint Guidelines of the German Gambling Supervisory Authorities.

The guidelines regulate the transitional period for online gambling offers until the „Fourth State Treaty on Gambling“ enters into force. The Treaty is to officially enter into force on 01 July 2021. For the first time in Germany, there will be a uniform framework for online gambling offers.

The changes to the range of services offered will particularly affect the deactivation of so-called casino table games such as BlackJack, as well as product adjustments to live betting and online slots in compliance with the requirements of the Fourth State Treaty on Gambling.

The implementation phase for two provisions (minimum spin time and EUR 1 stake limit) runs until 15 December 2020.

Karin Klein, Chief Regulatory Officer of Tipico: “Online gambling enjoys great popularity worldwide. The transitional regulation in force since today is an important step towards clear and reliable regulation for consumers, operators and authorities. It is important that the rules are now also enforced against all market participants”.

Tipico receives license for sports betting

/in , , /by

Tipico, the market leader for sports betting in Germany, has received a license from the Darmstadt Regional Council to operate sports betting in Germany. Joachim Baca, CEO of Tipico, said: “We are very pleased with the positive news from Darmstadt. We now have a clear set of rules”.

German gambling regulation: Tipico welcomes the transitional regulation

/in , , /by

Tipico is the market leader for sports betting in Germany and welcomes the unanimous decision of the German states to regulate the transitional period until the new, fourth State Treaty on Gaming becomes effective on July 1, 2021. The agreement allows operators to offer online gambling services in accordance with German federal law. By 15 October, the provisions must be fulfilled, i.e. the criteria of the fourth State Treaty on Gaming which can already be implemented.

Tipico will adapt its offers to the parameters defined in the State Treaty on Gambling by 15 October 2020. These include adjustments for live betting, the deactivation of Casino games played on tables such as BlackJack and the continuation of virtual slot machine games and online poker in compliance with the provisions of the State Treaty on Gambling. The implementation period for two of the provisions i.e. minimum playing time and EUR 1 stake limit lasts until December 15, 2020.

Joachim Baca, Tipico CEO: “We look forward to the formal adoption of the GlüStV 2021 enabling a long-awaited regulated market access for private gambling operators from mid-2021 onwards.

With the agreement on the transitional regulation that will apply from mid-October, Tipico is prepared to quickly implement the new requirements. “We are in close contact with authorities to better understand and implement the technical and practical requirements” says Karin Klein, Chief Regulatory Officer. “The agreement takes account of the on-going changes in society. Online gaming is popular worldwide, and players need to feel safe and need to be able to rely on secure offers from reputable providers. The agreement thus makes an important contribution to player protection and the fight against a black gambling market.”

State Treaty on Gambling: Tipico Welcomes Agreement in Principle

/in , , /by

Tipico, market leader for sports betting in Germany, welcomes the agreement in principle of the 16 federal states to regulate the growing German gambling market. Joachim Baca, CEO of Tipico, says: “The agreement is good news. The new regulatory framework creates clarity and equal rules for all operators”. Baca adds that he is confident “that an implementation will be found in constructive dialogue with the federal states that considers all interests and can make the regulated market a successful project. The hearing initiated by the federal states offers a good opportunity to bring the expertise of the regulatory stakeholders into this process.”

Tipico submits concession agreement for sports betting until the end of January

/in , /by

Tipico, Germany’s leading sports betting provider, currently assembles the applicable documents for the granting of a German concession. Presupposition for the application are the authoritative terms of tender of the Regierungspräsidium Darmstadt, which are available since 2 January 2020.

“We welcome the German licensing procedure and the contemporary creation of reliable circumstances that comes with it”, says Joachim Baca, CEO of Tipico. “Our line of approach is clear: We submit the application to the competent authorities by the end of January at the latest.“

As the market leader for sports betting in Germany, Tipico is committed to a market-driven and consumer-oriented regulation. With regard to the ongoing negotiations of the German Minister-Presidents on the new State Treaty on Gambling, Baca said: „It is of central importance for the success of the future regulation in Germany to ensure legal certainty and consumer protection in all areas. This can only succeed if licensed offers are requested by customers – both online and offline. Practicable framework conditions must be created to prevent consumers from shifting permanently to illegal internet offers. In the interest of an effective consumer protection, it should be avoided that customers resort to illegal and unprotected online offers, just because of unattractive permitted products.“