Online betting firm Bet365 has announced that they've decided to close their German-facing casino in order to be compliant with German law.
The site will be closed on December 30th to German players, although market access to Austria will still be offered. German lawmakers approved of proposals to begin offering online sportsbetting services on January 1st, 2020, but parties looking to do so will have to not be offering casino or poker products. Additionally, there will be limits on play, including a ban on in-play bets.
Without a doubt, Bet365 is playing it safe in order to play nice with German regulators, as the market is potentially very lucrative. There are more than 83 million people living in the country and a strong affinity for sport.
Bet365 sent an email to their affiliate partners requesting that they stop promoting any non-sports Bet365 products in the country.
Comments
No need to say anything else...its all there...they just playing safe right now..and it would pay big time in the end...for sure.