Following news that German authorities have issued the first batch of sports betting licenses under Germany’s new gambling law, online casino content provider Microgaming announced its support for the country’s new iGaming regulations.
In a statement published on Monday on its official website, the company also affirmed its commitment to providing its Germany-facing operator partners and their players with a solution that was designed to prepare them for the country’s new online gambling regime.
Microgaming’s statement came after online gambling powerhouse GVC Holdings and a number of other major gambling operators announced that they have been granted sports betting licenses to provide their services in Germany.
Online casino-style gaming is banned under current German law and is set to become legal in July 2021 when a permanent regulatory framework is set to replace the current transitional one. The heads of Germany’s 16 states last month approved a Tolerance Policy allowing licensed gambling operators to provide iGaming services as long as they make their operations compliant with the rules that will take effect next year.
These rules include a monthly wagering limit of €1,000, a bonus limit, as well as a stake limit of €1 per spin for online slots and a five-second interval between spins. In addition, all online casino games must support German language.
Microgaming Supports Fully New Regime
Microgaming said that it supports fully Germany’s new regime and the raft of new measures the country intends to implement that are designed to “promote social responsibility and minimize gambling-related harm.”
The online gambling software supplier said that it would launch a solution that complies with Germany’s Tolerance Policy by October 15 to allow its clients to be technically prepared to enter the German online gambling space “at the flick of a switch.”
Microgaming further noted that more than 150 of its games will be made available to its Germany-facing operator partners, including hit titles Book of Oz from Triple Edge Studios, 9 Masks of Fire from Gameburger Studios and Bonanza from Big Time Gaming.
Commenting on their preparations for the new gambling regime in Germany, Microgaming Commercial Director Leon Thomas said that as a socially responsible business they broadly support the regulatory changes in the German market and that they will provide their clients in that market with a solution that includes some of their most popular and successful online slots “long before the new gambling laws coming into force next year.”
GVC-owned brands bwin, Ladbrokes, Sportingbet, and Gamebookers, Gauselmann Group’s Cashpoint busines, and Tipwin were among the first recipients of sports betting licenses from German regulators, it became known on Monday.