bet-at-home forecast possible revenue drop in Germany  

Finance News

The subsidiary of AG, Internet Ltd., Malta, offering online sports betting and online casino products in Germany. 

In Germany, the State Treaty on Gaming 2021 stipulates that a deposit limit of EUR 1,000 per month must be observed across all providers and products. 

However, due to lawsuits against the relevant regulations of the GlüStV2021, provisions on the deposit limit have so far only been implemented at the level of the online casino provider.

The competent supervisory authority has now informed Internet Limited that the deposit limits must be complied with in total until July 1, 2022, taking into account the requirements for granting an increased limit. Internet Ltd. intends to defend himself against this in court by way of an urgent application.

If the deposit limits provided for in the GlüStV2021 are implemented from July 1, 2022, the Management Board assumes, based on current and preliminary assessments, that the gross betting and gaming revenue that can be achieved in Germany could decrease significantly, at least in the short term. Since Germany is a core market of the Group, this would probably also have a significant impact on the gross betting and gaming revenue and the result of the AG Group as a whole. Further details will be announced after a final legal and factual assessment.