Casumo Germany
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Online Casinos in Germany
Millions of Germans have adopted gambling as their entertainment activity. However, laws in this region that govern the industry are still somewhat complicated. Even so, this has not deterred the massive popularity that online casinos in Germany have experienced. Below is a review of some of the significant aspects of online gambling destinations in this jurisdiction.
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Germany Gambling Laws
As earlier stated, the rules that govern how casinos in Germany run the business are complex. These legislations have seen numerous changes over the years that have exerted a significant impact on the industry. Major changes began happening back in 2008 when the government imposed a ban on all forms of online and offline gambling aside from horse betting. This law was exercised in all states in the country apart from one. This is because Germany has two kinds of rules: the German Interstate Treaty, which is considered an arrangement between the various German states, and the other is the law that governs each country individually. This arrangement brings about the complexity of not only Germany gambling laws but those of other sectors.
The online casinos ban was exercised for four years and was lifted in 2012 after the government was accused of monopolizing the business. After the ban lift, gambling was quick to rise to the top to become a billion-dollar industry in a short span of time.
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Today, even though gambling in Germany appeared to be thriving, it is still a highly unregulated market, which means that it is not entirely as successful as it should be. In recent times, the government has taken numerous steps to change this aspect and reviews indicate that they are working on introducing an official licensing body that will oversee such operations. As of the moment, well over twenty online casino operators are in talks to push this agenda to allow them to run their business in a regulated market.
The existence of different law setups in the sixteen German states prompts gamblers to study up on how the activity should be conducted within their area of residence. However, players can rest easy knowing that gambling is legal in the entire state of Germany.