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

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.“