Germany limits the number of casinos that can be open.
Germany just passed new rules that make it harder for casinos to work in the country. Different people have different feelings about this move. Some are for it, while others are against it. In this article, we will look at this problem more closely and talk about how it might affect the gambling business in Germany.
Introduction
The German gaming market is one of the biggest in Europe. In 2020, it is expected to bring in more than €14 billion. But the country has had trouble regulating its gambling business for a number of reasons. One of the newest things the German government has done is put limits on how casinos can work.
Which rules have changed?
The new laws, which were passed in 2021, are meant to control the online gambling market and make it harder for land-based casinos to stay open. Under the new rules, each of Germany’s 16 states will only be able to have one casino. This means that some states will lose their casinos, while others will only have one.
Also, the new rules say that operators have to get a license from the German government. With this permission, they will be able to offer online gambling to people in Germany. But not all operators can get this license because they have to meet certain requirements, such as having a real presence in Germany and making sure that their business follows German laws.
Why do we need these new rules?
The German government has decided to limit how casinos can work for a number of reasons. One of the main reasons is to protect people who are weak and fight problem gaming. By limiting the number of casinos, the government hopes to make gaming less accessible and stop people from gambling too much.
To make sure that owners pay their fair share of taxes is another reason. Under the new rules, operators who make money from German players will have to pay taxes on that money. This will give the government a way to make money that can be used for public services and projects.
Effects on the gambling business
The new rules will have a big effect on the German gambling business. The new rules will have the most effect on land-based casinos, since many of them will have to close. Some states will lose jobs and get less money from tourists because of this.
On the other hand, the new rules are likely to be good for the online gambling market. Since only a small number of providers can serve German players, those who get a license will have less competition and a bigger share of the market. This could lead to more money coming in for owners who are able to get a license.
Conclusion
The new rules that the German government put in place to limit how casinos can work have been met with mixed reactions. Even though the goal is to control the industry and stop people from becoming addicted to gambling, the restrictions will affect the industry’s income and jobs. It’s still too early to tell if the new laws will accomplish what they set out to do.
