iGaming Business: Land Ahoy! But only just…
Written by Dr Wulf Hambach, Dr Stefan Bolay and Dr Stefanie Fuchs, Hambach & Hambach for iGamingBusiness.com
Last week’s Minister-President Conference saw Germany make a decisive move towards a total overhaul of the country’s gambling regulations following years of legal disputes and failed progress.
Wulf Hambach, Stefan Bolay and Stefanie Fuchs of leading German law firm Hambach & Hambach outline what may happen next – and what needs to happen to ensure a satisfactory conclusion for all stakeholders.
At their conference on 21 March, the German Minister-Presidents agreed – as expected – on the third Interstate Treaty to amend the Interstate Treaty on Gambling (3. Glücksspieländerungsstaatsvertrag, 3. GlüÄndStV).
They decided to extend the so-called experimental phase for private sports betting offers in the current version of the Interstate Treaty on Gambling (GlüStV) until 30 June 2021 (the date of expiry of the GlüStV), while dropping the 20-licence cap.
The Treaty still needs to be notified to the European Commission, which will take place in April, so the standstill period of up to four months will expire in August 2019.
After that the 3. GlüÄndStV also needs to be ratified by the parliaments of all federal states, which is expected to happen between August and December 2019.
The 3. GlüÄndStV will then enter into force on 1 January 2020 and expire on 30 June 2021.
Read the whole article on www.iGamingBusiness.com