On 9 October the German regulator issued licences for the bwin, SportingBet, Ladbrokes
and Gamebookers brands to enable each of 2️⃣ them to offer sports-betting products to
customers across Germany. This is a significant milestone for GVC coming swiftly after
the 2️⃣ Tolerance Policy for gaming that was announced on 1 October 2024 and brings further
clarity and certainty in Germany.
18+ | 2️⃣ Juegoseguro.es – Jugarbien.es
An outline of the
licence terms are:per month that can be increased to €10,000 subject to certain
criteria 2️⃣ being met as well as certain loss limitsThe ability to increase this further
to €30,000 for 1 per cent of 2️⃣ customers subject to enhanced due diligence and certain
loss limitsDeposit limits until customer verification processes are completeMaximum
annual bonus per 2️⃣ customer of €100The inclusion of certain responsibility requirements
by the licence holderThe licences have been issued with immediate effect.The granting
2️⃣ of the licences to GVC’s four sports brands in Germany is in-line with GVC’s strategic
ambition of operating in regulated 2️⃣ markets and will enable it to build on its leading
position in the German market. Following implementation, GVC estimates that 2️⃣ Group
EBITDA will be reduced by up to £40m1 on an annualised basis.Shay Segev, CEO of GVC
commented:“The award of 2️⃣ these licences is great news for GVC, bringing the clarity and
certainty that we have long sought for sports-betting in 2️⃣ Germany. Combined with the
recent Tolerance Policy we can now look confidently to the future, building on our
position as 2️⃣ a market leader by delivering an unparalleled, innovative experience for
our German customers. The much-anticipated regulation of online gaming in 2️⃣ Germany
re-enforces GVC’s position as the most globally regulated and responsible operator in
our industry.”
