The transition phase for the German Interstate Treaty on Gambling (ISTG) has officially begun. Beginning on October 15, 2020, online gambling operators are being asked to fall in line and meet the country’s new compliance rules before the ISTG formally becomes law on July 1, 2021. Those who fail to meet the new regulations by the deadline and continue taking bets from German consumers could face fines and prosecution.
While many operators are still only planning the path to any necessary changes in their business operations, Betsoft Gaming has become one of the first to achieve full compliance. Betsoft’s games and platform were actually fully compliant on the very same day that the transitional phase started, October 15, 2020.
A Word from Betsoft Gaming
Head of Account Management, Adam Daniel, and Marketing Manager, Kai Botha, both spoke on what Betsoft has done so far as well as what they see for the future of Betsoft in the lucrative and newly regulated German casino market.
Botha said, “According to GlüneuRStV – or Glücksspielneuregulierungstaatsvertrag to give it its full title – operators are required to comply with player protections guidelines, addiction prevention measures and the terms of each vertical to be ready for July 2021 at the latest. Betsoft has ensured that standard obstacles to regulation have already been overcome insofar as the October/December 2020 requirements have been met. These changes were actioned promptly. Should any further changes or new requirements come into force, then we will meet those with the same speed and efficiency.”
20+ Betsoft Casinos Already Compliant
According to Adam Daniel, Betsoft also has quite a few operators lined up to take advantage of Betsoft’s offerings for the German market. He said, “20+ key operators are in place already with many more currently in the process of so doing. The team is burning the midnight oil to ensure that the remaining operators are onboarded as smoothly and efficiently as possible during this phase. Betsoft is renowned for its customer service and back-office systems so we are confident we will make this as seamless a transition as possible.”
Both also assured all interested parties that Betsoft is ready to take on the challenge of meeting even tougher requirements in the future if need be. “We are confident in committing ourselves to whatever iterations come from the German regulator. The situation is still very malleable though, making it difficult to gauge the extent and scope of potential obstacles. However, as always, we are fully supportive of and prepared to serve our loyal customers in this market,” Daniel added.
Echoing those words of confidence, Botha stated, “Change breeds opportunity. For the time being, however, our focus is on promoting the Betsoft product in a dynamic market and concentrating on customer service there. In summary, it’s business as usual.”
German players will undoubtedly benefit from the presence of such a well-known, trusted, and talented game developer backing online casinos in their country. The future does indeed look bright for both Betsoft and German consumers.