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Which payment methods can Germany rely on for gambling in the future?

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German players will have to continue playing online casino games without PayPal. The online financial service has cut ties with internationally licensed operators after an injunction was served by the government on October 21st. Transactions to and from online casinos will no longer be available as a result. Several sites such as iGaming Business, have reported that products without authorization by state jurisdictions will be banned.

With German residents restricted from using PayPal as a deposit option for online casinos, we ask what the future holds as far as payment methods goes in Germany. 

Online gambling in Germany

Online gambling is legal in the local state of Schleswig-Holstein, which issues online casino licenses for operators. Between 2008 and 2012, this was the only state where gambling was allowed in the country. In an attempt to open up the market, new rules came into effect in 2012 on a state by state basis. But this has led to more confusion among players trying to make sense of the strict regulations put in place.

While there is a crackdown on the online casinos in the country, sports betting is still available with PayPal. To get a better understanding of what is really going on we asked Thomas Hahn, German gambling market expert at Leadstar Media, to clarify matters.

“The issue is for companies operating both casino and sportsbook under the same umbrella, if the two are associated with each other, they are not allowed to offer PayPal as a payment option any longer.”

Some online gambling operators have therefore separated their online casino product and sportsbooks. According to their site MyWettbonus.de, german betting sites with PayPal is still a viable option for the players. 

When asked what this means for them as an affiliate, he said:

“The German market is a big one for us, so obviously it hasn’t gone unnoticed as this is kind of a big deal in Germany. We’ve had to make some changes to stay up to date with the current bookmakers that offer PayPal as well as the online casinos we list on MyCasinoFreunde.de. It’s too early yet for us to see any impact of this, but Germany is a country that adapts swiftly to new trends. As long as we update our visitors with the latest information in regards to this and offer other solutions, it shouldn’t have too much of a negative impact on us. ” 

The future of online gambling in Germany

Online casinos are still not allowed to market towards consumers outside of Schleswig-Holstein, but that might soon change. The remaining 15 states in Germany have plans to license online sports betting in the coming years. June 30th 2021 has been earmarked as the date for states to have reached a consensus. 

Whether or not PayPal’s new German terms of service will still be effective by then is unknown at this point. New payment methods have the potential to rise in Germany, leading to a battleground in terms of market share.  

Right now, exciting payment providers such as Trustly and Klarna are options available to the German market and are set to increase in popularity with PayPal out of the equation. On top of that the likes of Apple Pay and Google Pay are also well placed to benefit in the future.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Which payment methods can Germany rely on for gambling in the future?

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames) for $29.50 per Share

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Neo Group Ltd. (formerly known as NeoGames S.A.), announced today that Aristocrat Leisure Limited, an entertainment and content creation company delivering world-leading mobile and casino games, has completed the previously announced acquisition of all of the outstanding ordinary shares of Neo for $29.50 per share in an all-cash transaction, representing an enterprise value of approximately $1.2 billion for Neo.

“We are excited to have successfully closed this transaction and joined forces with the Aristocrat team to further drive our success across iLottery, iGaming, and online sports betting,” said Moti Malul, Chief Executive Officer of Neo. “We firmly believe that this Transaction represents a great outcome for all of Neo’s shareholders, customers and employees. We are very grateful to all our stakeholders who have supported us since our inception. I would also like to thank all our employees for their commitment in making Neo the great company it is today.”

The transaction was announced on May 15, 2023.

The post Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames) for $29.50 per Share appeared first on European Gaming Industry News.

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Wazdan pounces for bigger wins in new sequel Mighty Wild™: Panther Grand Gold Edition

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Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, is multiplying jackpots in the follow-up to its top-performing game Mighty Wild™: Panther Grand Gold Edition.

Venturing to the depths of the jungle where a black panther rules the reels on a 5×3 gameboard, the new edition provides even larger win potential. With the increased value of the Cash symbols and Cash Infinity™ symbols, there is also a more lucrative Grand Jackpot of 1500x the base bet.

Players can trigger either the Hold the Jackpot™ or Wild Rampage™ bonus rounds after landing at least six bonus symbols. Furthermore, Chance Level™ has been amplified to improve players’ chances of hitting the bonus round.

Bolstering the ferocious Wild Rampage™ bonus game, Mystery Symbols transformed into jackpots are multiplied by a value between 1x to 10x, providing the opportunity for even bigger rewards.

Wazdan’s Online gaining™ philosophy empowers players to tailor gameplay to their preferred style through customisable features like Volatility Levels™, Buy Feature, and Ultra Fast Mode which has delivered proven results for its partners.

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Mighty Wild™: Panther Grand Gold Edition features an exciting new lair through the inclusion of transforming mystery symbols, adding multiplier prizes to jackpots.

“Enhancing the gameplay of a pre-established hit allowed us to expand upon the engagement and entertainment on offer and we anticipate a great reception to this release.”

The post Wazdan pounces for bigger wins in new sequel Mighty Wild™: Panther Grand Gold Edition appeared first on European Gaming Industry News.

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PRAGMATIC PLAY DELIVERS BRAND NEW DEDICATED LIVE STUDIO FOR BETSSON

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Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its partnership with Betsson Group to deliver an exclusive dedicated Live Casino studio featuring a mix of premium Blackjack and Roulette tables.

Incorporating all the fan-favourite features of Pragmatic Play’s Live Casino games, including multiplayer mode, chat functionality, and bet behind, the nine custom-built tables have been uniquely crafted to immerse players in the Betsson Group brands.

In total, eight new dedicated Blackjack tables and one new Roulette table will be broadcast from the custom-built live studio, every detail of which has been designed to Betsson’s precise requirements.

It is the latest dedicated studio to be delivered by Pragmatic Play, whose operator partners can also use Smart Studio to customise elements of the Live Casino titles to produce bespoke environments that showcase their brands.

Irina Cornides, Chief Operating Officer at Pragmatic Play, said: “Delivering a dedicated studio for Betsson marks another milestone for Pragmatic Play’s award-winning Live Casino offering. Betsson is a much-valued partner, and we are delighted to provide them with an immersive live environment that is fully dedicated to their brand.”

Chellyanne Cassar, Live Casino Manager at Betsson Group, added: “We are delighted to collaborate with Pragmatic Play to ensure delivery of a bespoke dedicated studio, where we can showcase our brand-new Blackjack and Roulette tables.

“The partnership highlights our shared commitment to delivering unparalleled gaming experiences, and we’re thrilled with the final results of the studio.”

The post PRAGMATIC PLAY DELIVERS BRAND NEW DEDICATED LIVE STUDIO FOR BETSSON appeared first on European Gaming Industry News.

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