According to the latest insider report from EGR Global, Bet 365 is planning to pull its online casino products and offerings from the German online gambling market.
The report claims that the UK-based betting operator has emailed its affiliates revealing its plans. It is said that Bet 365 has informed its affiliates via an email that the operator would be offering only sports betting operations in Germany starting December 30. This means that Bet365 will not have any online casino products facing the German online gambling market.
It is expected that the online gambling operator is planning to vouch for online sports betting license in the coming year.
German Authorities Strict On Online Casino Ties Of Betting Operators
Germany is poised to launch a regulated online sports betting market in the coming year. While there are several gaming operators vying planning to apply for a sports betting license in Germany the authorities are strict with online gambling operators’ ties with an online casino and poker operators.
Earlier in the year, the country’s sports gambling licensing authority, the Darmstadt Regional Council (DRC), representing the state of Hesse, had warned sports betting licensees in the country that they must cease to offer
online gambling or poker or risk losing their betting license.
The licensing process is set to start the coming year and for Bet365 it could be difficult if the operator is found to be associated with an online casino or poker operators in the country.
Warning sports betting operators the regulator had said: “Once the third amended State Treaty enters into force, sports betting providers that continue to operate in the German market without obtaining permission to do so can expect to be sanctioned.”
It ha also said that “if a license application is not submitted to the Darmstadt Regional Council, we will immediately prohibit illegal operations.”