Sales in the gambling industry have been growing rapidly for several years. If more licenses are issued in Germany, this boom will really start.
Every year the gambling industry has to adapt to changing legal conditions. Already legal in many European countries, in Germany it requires a license for companies gambling want to offer Due to the sometimes unclear circumstances and foreign online providers based in the South Island, the legal situation is often unclear and difficult for all companies that have not been able to secure a license. Now there is a judgment that may shed some light on the matter.
Always new judgment
In our example, a gambling provider based in Malta and Gibraltar sued to obtain a license in Germany. Until now, he had always detoured through licenses from other European countries to be active in Germany. Unfortunately, this gap has bypassed the German tax authorities and so there are only losers in this constellation. A pan-European solution in which legal rules apply equally to all states would be desirable. Looking for free spins at Winfest Bonus Code It is similar. Compared to other countries, the German gambling monopoly is much stricter in this respect. In particular, a new rule that has now been made regarding sports betting providers has affected the operators of online casinos. The court case concerns a cease-and-desist order from the German tax authorities to the provider of a German website. However, the provider has now successfully sued it. The court has now ruled that the order is illegal. At least free trade is still possible. As a result, casinos continue to have the opportunity to operate in legal gray areas without fear of consequences.
Why do providers need licenses?
Through monopolization, legal gambling providers are given a significant advantage. They are seen as more reputable and, especially when it comes to money, users’ trust in such organizations is naturally higher. If it can also be used for advertising, it’s a huge lever for more customers than if the provider doesn’t have a license.
Furthermore, there will be a new opportunity for online casinos to be able to operate legally in Germany. Until now, such a project has always been associated with danger, even in spectacular places Department of Justice Advice. If the legal basis on which online casinos operate in Germany changes, they will have greater security
On the other hand, it is much more expensive to be taxed in Germany than, for example, in Malta or Gibraltar. High taxes significantly reduce the often scarce profits of many competing companies. Therefore, even if the market is liberalized, it may happen that only a few providers adopt this market locally.
Customers also suffer
Validating organizations will provide a secure base for customers to play on their portals. Then you sue a German company if a fraud case, which is still not uncommon, has to be litigated. Until now, asserting your right to sue across two states has always been very difficult. A new legal regulation would have the advantage that the issue in question could be viewed from a broader legal perspective. Behind this lies the opportunity for fair judgment which brings more security for all players within the industry.
Is the industry growing?
Industry sales have been growing rapidly over the years. Thanks to technological and legal advances, more people have access to casino gaming and are using it more and more, even if the company is not based in Germany. It has simply become much more convenient to play online. If, as in other countries, more licenses are issued, this boom will really begin, because it will then be more prominently advertised and the whole system can be planned in a more legally secure manner.