Compliance Updates
Cashpoint Secures German Sports Betting Licence
Cashpoint, the Malta-based subsidiary of Gauselmann Group, has secured German sports betting licence from the Darmstadt regional council.
Markus Ettlin, head of sports betting for the company, said: “We will be one of the first to offer a betting programme to sports lovers in the state. After many years of legal limbo, binding rules now apply to everyone in the German sports betting market.”
He was particularly pleased to point out that this now strengthens consumer and player protection “because now not only customers who are enthusiastic about games, but also politicians, authorities and society can differentiate between legal and illegal providers.”
Paul Gauselmann, founder and CEO of the Gauselmann Group, said: “As early as 2014 my group had more than met all of the requirement in the first licence procedure and emerged as number one from the examination of this extensive procedure. Unfortunately, it has taken until today to end this legal state of uncertainty, but I am all the more pleased that we are now finally among the first.”
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