The regulator called the licensing conditions for online gambling operators in Germany

The authorities of Germany, where new gambling rules will come into force from July, have launched the process of licensing online gambling operators. The Gambling Authority of the federal state of Saxony-Anhalt will issue licenses to those companies that have passed all the necessary bureaucratic procedures. The agency has already made public the conditions for licensees wishing to engage in virtual slots and online poker in Germany. In particular, potential operators – and these are only those companies that are registered in the European Union and the European Economic Area – must submit a large package of documents to the management. It should contain the application itself with detailed information about the applicant, a statement of the obligation not to offer illegal gambling, documentary evidence that the company has the necessary funds for its activities, certified by an independent auditor, profitability forecast for five to seven years, documentary evidence of the transparency and safety of gambling operator’s games, description of the site and the games hosted on it, information about advertising activities and the concept of advertising and other information. As My Lucky Story reported, the German parliament approved the tax rate for online gambling operators. Earlier it became known what the introduction of such a tax in Germany could lead to.