News

Germany releases draft of State Treaty on Gambling

The draft of the Third German State Treaty on Gambling has been published, with the prime ministers of Germany’s sixteen federal states due to vote on the proposal next  week.            

As first reported by Gaming Intelligence, the draft treaty extends the current sports betting “experiment”, under which the state betting monopoly was suspended and the market opened to private competition, to June 30th, 2021.

It also removes the cap on available sports betting licenses, with the state of Hesse retaining its role as the licensing authority. All other criteria remain the same, bypassing the need for European Commission notification and allowing the authorities in Hesse to begin issuing licensed as soon as the Treaty is ratified.

The Third State Treaty on Gambling would come into force on January 1st, 2020, subject to ratification by all German states before the end of this year.

The state prime ministers will consider the draft at their next meeting on March 21st.

https://www.gamingintelligence.com

Back To All News

Tags: Curacao gaming licence,gaming licence,Financial Institution Licence,Payment Institution,Incorporation of company in Malta,Malta gaming licence,online gaming license,Incorporation of company in Bulgaria,E-Money licence

..............................