Tipwin and Mybet Got Licenses for Online Slot Machines – Agora Poker

Tipwin and Mybet Got Licenses for Online Slot Machines

Tipwin and Mybet Got Licenses for Online Slot Machines

In Summary: Tipwin and Mybet are the two gambling operators that have received a license for offering online slot games in Germany

New regulations extending the permit for online gambling to table and slot games besides sports betting came into force on July 1, 2021

At the same time, Tipwin is being accused of money laundering act violations in Denmark

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On June 23, Tipwin and Mybet obtained licenses in Germany for slot machine games, becoming the second and third-biggest gambling company in the whole country that offers such games online. Online Poker and Slot Games Legal in Germany since July 2021

The new license has allowed renowned sports betting operator Tipwin to offer slot games as part of a new section on its website, while Mybet acquired its license through owner Ruleo Alpenland.

In July 2021, came into force Germany’s Fourth State Treaty on Gambling, was the start of the legal online casino market in Germany. Before the passage of the treaty, gamblers in the country could only place sports bets online, while now they can play poker and slot games as well. However, the treaty came together with a bill imposing a 5.3% tax rate and a EUR 1 ($1) cap on online slot games.

Online operators have criticized these regulations pointing out that they are being put at a tax disadvantage in comparison to brick-and-mortar gambling venues, which are taxed with lower rates. In regard to these conditions, the Deutsche Sportwettenverband (DSWV), which is the German sports betting association, has also made a statement highlighting that the introduced tax rate could “ jeopardize the success of the new gambling regulation in Germany ”.

These new regulations also allowed online table games, however, they put a limit on the number of licenses that can be issued. Another option the German states were given, was to choose between a monopoly or a number of permits that are the same amount as the brick-and-mortar casinos in the respective state. For example, the state of Thüringia has decided to go for the monopoly model, while Schleswig-Holstein and Nordrhein-Westfalen, among others, will be […]

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Author: wpadmin

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