Industry News
Germany to Officially legalize online gambling and poker
Germany’s relationship with online gambling has been in a grey area for quite a long time. It was largely illegal, except for about 20-something operators who had permission. There were not many legal gambling sites in Germany, and the process of obtaining a license was extremely hard and complicated.
According to a new regulation that will take place starting the 1st of July, Germany will be legalizing online casinos and poker officially, on a state level. The legislation was passed at a meeting in Berlin.
When will it go into effect?
The changes will be implemented slowly as the regulatory body Glücksspiel Neuregulierung Staatsvertrag /GlüändStv/ will be instantiating online casinos and poker among legal ways to gamble online.
As of now, only sports betting will be allowed for companies who obtain the license from Darmstadt Regional Council, for which 30 companies have already submitted an application, and about the same number is allegedly making plans to do so in the near future.
What do you need to know?
Sports betting will also be one of the subjects that will undergo some changes with new guidelines. Mainly, live betting will be limited to a degree, specifically how the bets are made on final results and the next scorers.
Besides poker and sports betting, most other casino games will be fully allowed as well, including the oft-desired slots which are very popular all around the world. Due to their popularity, slots will come with some very strict guidelines that need to be followed by each and every casino offering them. As an example, the maximum bet per spin will be limited to €1, along with a mandatory €1000 deposit limit. Slots will also need to be advertised and offered separately from all other table games, and they may not be advertised between the times of 6AM and 9PM.
One of the main advantages that this change will bring is the safety of the consumer. As stated, online gambling is a grey area in many countries, and that includes Germany. The government officially stepping in to regulate the environment ensures that people may safely try out a lot of different casinos. Comparing the best casino bonus codes is something that many gamblers use as a main deciding factor for choosing an online casino, but what they often miss is the safety aspect of it, meaning how trustworthy and legitimate a casino is. There’s also the issue of reliability of the software itself, payment processing and more. With the government officially setting standards, the bar will be much higher, ensuring higher overall quality for all players.
While these regulations are in place for the consumer’s protection and are made with the best intentions in mind, many in the gambling community, and also from the regulatory environment as well, are quite discontent with these changes. The German Sports Association (DSWV) president responded that while this was a good and positive step towards modern and regulation-compliant gambling market, these changes also may lead to some “undesirable structural developments”, which may pose challenges for future regulations.
The primary concern that many experts have risen is that these changes and regulations may lead people to search for other international options where limits are much higher. This results in an increased risk of playing at websites that are, to an extent, shady, or worse – illegal. Benevolent as they may be, how these regulations turn out to work will only be shown by time, but for now, experts are optimistic in their anticipation.
Industry News
SUZOHAPP Appoints Geoff McDowell as New President
SUZOHAPP has announced the appointment of Geoff McDowell as its new President, effective October 1, 2024.
McDowell previously worked at SUZOHAPP from 2010 to 2017, successfully leading the gaming business in Australia and Asia. He rejoins the company from Coinflip, a global digital currency platform, where he was SVP/GM of US Kiosks. Prior to that, he held the position of CEO of Atlas Gaming Pty Ltd, an Australian developer of proprietary gaming content and products.
“We are thrilled to welcome Geoff back to our global leadership team to lead one of our core divisions. His proven track record in growth and strategy execution will be invaluable as we continue to serve our customers and achieve strong results. We also extend our gratitude to Sim Bielak for his years of dedicated service and leadership at SUZOHAPP,” said Drew Scielzo, ACON Partner.
Geoff McDowell is excited about his return and the opportunity to drive SUZOHAPP’s success. “SUZOHAPP is an exciting company with tremendous growth potential and a strong team. I look forward to embracing this new challenge in an industry I am passionate about,” he said.
The post SUZOHAPP Appoints Geoff McDowell as New President appeared first on European Gaming Industry News.
Industry News
Amusnet Releases Showtime Roulette 500x
Amusnet has released Showtime Roulette 500x, where entertainment meets innovation. This fast-paced European roulette reinvents the classics, featuring a host who presents, entertains and spins the wheel for a seamless, engaging experience. With every spin, a random multiplier can increase the payouts by 50x, 100x, 150x, 200x, 250x and 500x for a thrilling experience. Showtime Roulette 500x offers a fantastic gaming experience that is sure to entertain and captivate players.
What truly sets this game apart is its groundbreaking customisation capabilities. Leveraging advanced chroma technology, operators can transform the game environment to reflect their unique brand identity. The possibilities are endless, from integrating their logos to designing bespoke background themes. This level of personalisation enhances brand visibility and delivers a tailored, immersive gaming experience that resonates with players, making every session feel distinctively crafted.
Dynamic Paytable
Up to five numbers and a win multiplier of between 50x and 500x are selected at random for bigger rewards!
Instant Re-bet function
Pick again the lucky numbers for the last 15 spins!
Statistics for Hot & Cold
Make your strategy with statistics for the last 500 spins!
Jackpot Cards with scheduling option
Once the Jackpot Cards Bonus game is triggered, impressive Jackpots are revealed!
The post Amusnet Releases Showtime Roulette 500x appeared first on European Gaming Industry News.
Industry News
GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office
Groupe Partouche has acquired a building, strategically located at Place de l’Etoile in Paris, at 10 avenue de la Grande Armée.
With a surface area of over 8000 m² spread over seven levels, this building will undergo development work to accommodate its Parisian gaming club currently located on rue de Berri.
This building will also house the headquarters of Groupe Partouche.
The post GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office appeared first on European Gaming Industry News.
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