New German Gambling Treaty from March 2018
German lawmaking states just gave the green light to a revised German gambling treaty which will streamline gambling in Germany.
The sixteen states voted to lift the cap on the number sports betting licences to allow foreign gambling operators in the country.
The treaty also sets out plans for stronger enforcement against unauthorised operators. The possibility of allowing online casinos to operate in the future has been left open.
However, since the treaty was passed there has been strong criticism from the European Commission. The EC had said earlier that the treaty was not a suitable solution to the framework of the 2012 treaty.
The new treaty is not yet approved. It is required to be ratified by each German state and also German lawmakers Schleswig-Holstein, although it is likely to be approved.
The EC is now urging Germany to work on legalising other gaming formats to increase measures for consumer protection,
treaty is unlikely to be approved.
The EC has now called on Germany to accelerate the legalisation of other online gaming formats. This would help provide more protection for consumers in the country.
Other EC member states have already followed suite with many creating a closed shops for gambling organisations within their member states. It is really a process of legalising gambling in a way which protects consumers and generates taxes. At the moment, foreign online casinos are allowed to operate freely in Germany under European Law.
Mybet online casino have already supported the new legislation. It a statement CEO Markus Peuler said they welcomed knowing the direction this was taking and being a part of the German market. He said in increase in the number of sports betting licences was a welcome direction.
Read more about German Gambling Laws before the German Gambling Treaty was ratified.
Source: SBS News
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