Gauselmann Group receives state sports betting concession

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Gauselmann Group receives state sports betting concession
Gauselmann’s subsidiary Cashpoint is one of the first state-licensed companies to organise sports betting in Germany.

Espelkamp. According to a statement from the company, a subsidiary of the internationally active Gauselmann Group is one of the first companies in Germany to receive a concession to organise sports betting for both the online and the stationary sector. The concession to the Gauselmann subsidiary “Cashpoint Malta Ltd” was awarded by the competent government office in Darmstadt.

Company founder and CEO Paul Gauselmann emphasizes that the group had already fulfilled all the requirements in the first concession procedure in 2014. “Unfortunately, it has taken to this day to put an end to this legal state of uncertainty. But I am all the more pleased that we are now finally the first to be part of it,” says Gauselmann.

Consumers should be protected from illegal suppliers

Markus Ettlin, responsible for sports betting within the Gauselmann Group: “After many years of legal limbo, binding rules now apply to all binding rules on the German sports betting market.” According to the group’s announcement, this strengthens consumer and player protection in particular. Only in this way could betting participants, politicians, public authorities and society distinguish illegally from authorised providers, as Ettlin further states in the communication.

The future will show to what extent the state and the competent regulatory authorities will now protect the licensed market participants and thus also the consumers from the illegal suppliers. “In any case, we will do our best to create fair competition that is ultimately in the interests of every consumer,” announces the Gauselmann Group’s sports betting manager.

According to its own data, the Gauselmann Group has been active in the sports betting business since 2005 and is active both nationally and internationally as a provider and intermediary for sports betting.

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