Betsoft Meets Germany’s Regulatory Requirements

The upcoming German Interstate Treaty on Gambling has entered its transition phase before becoming a law on July 1, 2021.

The German authorities have asked operators to be compliant with the new regulations anywhere between October 15, 2020 and next summer to avoid prosecution or potential problems.

Official Statements

“Operators are required to comply with player protections guidelines, addiction prevention measures and the terms of each vertical to be ready for July 2021 at the latest. Betsoft has ensured that standard obstacles to regulation have already been overcome insofar as the October/December 2020 requirements have been met. These changes were actioned promptly. Should any further changes or new requirements come into force, then we will meet those with the same speed and efficiency,” said Kai Botha, marketing manager at Betsoft.

Officials from Betsoft, which recently partnered with Tecnalis, also said that more than 20 key operators are already compliant with the regulations and that more are coming.

“Over 20 key operators are in place already with many more currently in the process of so doing. The team is burning the midnight oil to ensure that the remaining operators are onboarded as smoothly and efficiently as possible during this phase. Betsoft is renowned for its customer service and back office systems so we are confident we will make this as seamless a transition as possible.Currently we are very capable of meeting and overcoming technical requirements; moreover, we are able to meet them quickly. We are confident in committing ourselves to whatever iterations come from the German regulator. The situation is still very malleable though, making it difficult to gauge the extent and scope of potential obstacles. However, as always, we are fully supportive of and prepared to serve our loyal customers in this market,” Adam Daniel, Head of account management at Betsoft.

Botha added that Betsoft is very forward thinking and that the company’s focus is on promoting their products in a dynamic market.

“Betsoft is a very forward-thinking and proactive business. We operate in highly regulated markets and compliance is as enshrined as our trademark innovation and entertainment skills. I don’t see significant change being necessary. We will continue with our strategy of delivering an award-winning and diverse portfolio of high-quality games to our constantly growing client base. Change breeds opportunity. For the time being, however, our focus is on promoting the Betsoft product in a dynamic market and concentrating on customer service there. In summary, it’s business as usual,” added Botha.

More on the Brand

Ever since 2006, Betsoft has been successfully building a reputation as one of the world’s leading producers of high-quality iGaming products. The company, which recently went live with Alea, offers unparalleled levels of service, carried out by a solid team of experienced account managers, engineers, software developers, game designers, graphic artists, 3D artists and marketing specialists.

Aside from offering a large number of cinematic online video slots, its products include a full featured casino management platform.

Source:

“Betsoft Already Compliant with New Gambling Regulations in Germany”, betsoft.com, October 22, 2020.