Put companies on watchlist
bet-at-home.com AG
ISIN: DE000A0DNAY5
WKN: A0DNAY
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

bet-at-home.com AG · ISIN: DE000A0DNAY5 · EQS - adhoc news (58 News)
Country: Germany · Primary market: Germany · EQS NID: 1368503
03 June 2022 03:06PM

Gaming supervisory authority in Germany calls for application of deposit limits according to the State Treaty on Gaming 2021 until 1 July 2022


DGAP-Ad-hoc: bet-at-home.com AG / Key word(s): Legal Matter/Development of Sales
Gaming supervisory authority in Germany calls for application of deposit limits according to the State Treaty on Gaming 2021 until 1 July 2022

03-Jun-2022 / 15:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The subsidiary of bet-at-home.com AG, bet-at-home.com Internet Ltd, Malta, offers online sports betting and online casino products in Germany. In Germany, the State Treaty on Gaming 2021 (GlüStV2021) stipulates that, in principle, a deposit limit of EUR 1,000 per month must be complied with across providers and products. However, provisions on the deposit limit have so far only been implemented at the level of the provider in the online casino sector due to complaints filed against the corresponding provisions of GlüStV2021.

The gaming supervisory authority has now informed bet-at-home.com Internet Ltd. that the deposit limits must be complied with in their entirety until 1 July 2022, whilst allowing to conditionally grant increased player limits. bet-at-home.com Internet Ltd. intends to defend itself against this in court by means of an emergency appeal.

Should the deposit limits provided for in GlüStV2021 be implemented from 1 July 2022, the Management Board assumes, based on its current and preliminary assessment, that the gross betting and gaming revenue achievable in Germany could decline significantly, at least in the short term. As Germany is a core market for the bet-at-home.com Group, this would probably also have a significant impact on gross betting and gaming revenue and the result of the bet-at-home.com AG Group as a whole. Further details will be disclosed after final legal and factual assessment.
 

03-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: bet-at-home.com AG
Tersteegenstrasse 30
40474 Düsseldorf
Germany
Phone: +49 211 545 598 77
Fax: +49 211 545 598 78
E-mail: ir@bet-at-home.com
Internet: www.bet-at-home.ag
ISIN: DE000A0DNAY5
WKN: A0DNAY
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1368503

 
End of Announcement DGAP News Service

1368503  03-Jun-2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1368503&application_name=news&site_id=boersengefluester
Visual performance / price development - bet-at-home.com AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.