The sports betting provider Cashpoint Malta Limited, a subsidiary of the internationally active Gauselmann Group, received the renewed permit to organise sports betting throughout Germany at the end of December 2022.
This was granted by the Darmstadt Regional Council and will apply to both the online and stationary markets for the next five years. Due to a transitional provision of the State Treaty on Gambling 2021, all providers of sports betting had to renew their licenses by the end of last year. Since the beginning of 2023, the Joint Gaming Authority of the Länder (GGL) has been responsible.
The offering of sports betting, in Germany under the brand XTiP, follows strict legal requirements. With the granting of the licence, the subsidiary of the Gauselmann Group is certified as fully complying with the regulatory and legal requirements for the operation of sports betting. “We are pleased that we live up to these high standards and that we can continue to provide our sports-loving customers with a legal betting offer. Consumer and player protection are the top priority at Cashpoint,” explained Markus Ettlin, spokesman for the management of Merkur Sportwetten GmbH.
“The extension of the permit until 2027 is an important confirmation of our work and strengthens us in competition with the numerous providers who continue to operate illegally,” reports Mario Kruschewski, Head of Compliance at Merkur Sportwetten GmbH. “It not only underlines our position as a serious and reliable sports betting provider in Germany, but also creates legal and planning certainty for the company,” Kruschewski continues.
Already in 2020, the company received the concession from the responsible regional council Darmstadt to organize sports betting in Germany for the online and stationary sector. This made Cashpoint the first provider where sports-loving customers could and continue to bet legally and socially responsibly.