So the government should open up strict rules regarding providing data to casinos and relax at least to allow access to no longer relate to giving out multiple identities?
If it is said to be profitable, that is what gamblers expect. But some casino rules may apply differently. By following the requirements of a gambling license, then taxes on the government can also benefit the casino. Although gamblers often avoid it all, and explore casinos that are less restrictive to the rules.
Topic: An Insight into German's loosened restrictions (hopefully) - page 2. (Read 142 times)
No doubt it's in favor of gambling companies in Germany.
But it doesn't prevent the victims especially the underaged that get into gambling and losing their earnings in a casino that charges a 10% house edge.
I'm not against them but what I've seen is people start gambling for fun and start to think of it as their earning source, especially under the 20s.
But it doesn't prevent the victims especially the underaged that get into gambling and losing their earnings in a casino that charges a 10% house edge.
I'm not against them but what I've seen is people start gambling for fun and start to think of it as their earning source, especially under the 20s.
A super interesting article which portrayed how heavy restrictions can cause probelms not only for the people but for the government as well, since with more restrictions in things like Gambling, people try and look for other options and opportunities so they move onto the black, unregulated market, which ends up bad not just for them but for the government alike.
Let's look at the article :
There is an evident shift in revenue but at most places ( most countries)revenue is rising for gambling, which does give a scope for people getting engaged in the black market and it's not their fault because they would look for looser options, options where they can enjoy more instead of always submitting their identities on every site.
Sports betting is much loved by everyone around the world and the person rightly said that this is nothing but spoiling the fun and therefore tighter laws did not work in the favour of the government at all this time.
What the government needs to do:
Renew the laws
Make sure the rules and regulations are not too harsh for the people engaging in them
Make sure the gambling section is healthier for both parties.
What do you think about it ?
I do think this is a really powerful article especially concerned with gambling laws, rules and regulations since time and again we see them change for the worse and people can take a break and look at Germany.
https://www.gamblinginsider.com/news/13852/panel-germany-loosen-restrictions-or-customers-will-easily-drop-out-to-the-black-market
Let's look at the article :
Quote
Gambling Insider was in attendance at the Betting on Sports Europe conference for a discussion on the new proposed regulations in Germany.
The panel, comprised of Dominik Beier, Managing Director, Emotion Group, Nico Jansen, Bet it Best Founder & CEO (through video call), Christian Madlindl, Magic Sports Media COO, and Dr. Wulf Hambach, Hambach & Hambach Co Founder and Lawyer.
With worries that users may move into muddy waters and into the black market due to tight regulations, in such a complex market, what is allowed, what isn't allowed, and who is responsible?
The conversation around Germany, and its restrictive and high taxed gambling market, saw the panel of judges discuss what is needed in terms of compliance, laws and marketing regulation.
“Sports betting is fun and if you spoil the game, customers will have fun somewhere else,” said Dr Wulf Hambach.
“A lengthy activation period can cause customers to easily drop out,” he explains. “If I [a user] am registering at a website that is too complicated, or a website that asks me to verify myself all of the time, then I am not coming back and will choose a different option.
“The return of investment all depends on that activation period, viability and being realistic… and exemptions, of course, give players more freedom to play.
“The customer doesn’t see that the market is black, they just see a colourful offer on the internet, easy to register and if they win, they get their money.”
Jansen explained: “We already see a shift in revenue, in 2019, pre Covid-19, the overall revenue for slots was €6.1bn ($7bn); for 2021 the estimated overall revenue for slots is €3bn, so it has been cut by 50%. We already see a shift and I’m pretty sure this revenue is down to the black market.”
The panel, comprised of Dominik Beier, Managing Director, Emotion Group, Nico Jansen, Bet it Best Founder & CEO (through video call), Christian Madlindl, Magic Sports Media COO, and Dr. Wulf Hambach, Hambach & Hambach Co Founder and Lawyer.
With worries that users may move into muddy waters and into the black market due to tight regulations, in such a complex market, what is allowed, what isn't allowed, and who is responsible?
The conversation around Germany, and its restrictive and high taxed gambling market, saw the panel of judges discuss what is needed in terms of compliance, laws and marketing regulation.
“Sports betting is fun and if you spoil the game, customers will have fun somewhere else,” said Dr Wulf Hambach.
“A lengthy activation period can cause customers to easily drop out,” he explains. “If I [a user] am registering at a website that is too complicated, or a website that asks me to verify myself all of the time, then I am not coming back and will choose a different option.
“The return of investment all depends on that activation period, viability and being realistic… and exemptions, of course, give players more freedom to play.
“The customer doesn’t see that the market is black, they just see a colourful offer on the internet, easy to register and if they win, they get their money.”
Jansen explained: “We already see a shift in revenue, in 2019, pre Covid-19, the overall revenue for slots was €6.1bn ($7bn); for 2021 the estimated overall revenue for slots is €3bn, so it has been cut by 50%. We already see a shift and I’m pretty sure this revenue is down to the black market.”
There is an evident shift in revenue but at most places ( most countries)revenue is rising for gambling, which does give a scope for people getting engaged in the black market and it's not their fault because they would look for looser options, options where they can enjoy more instead of always submitting their identities on every site.
Sports betting is much loved by everyone around the world and the person rightly said that this is nothing but spoiling the fun and therefore tighter laws did not work in the favour of the government at all this time.
What the government needs to do:
Renew the laws
Make sure the rules and regulations are not too harsh for the people engaging in them
Make sure the gambling section is healthier for both parties.
What do you think about it ?
I do think this is a really powerful article especially concerned with gambling laws, rules and regulations since time and again we see them change for the worse and people can take a break and look at Germany.
https://www.gamblinginsider.com/news/13852/panel-germany-loosen-restrictions-or-customers-will-easily-drop-out-to-the-black-market
Jump to: