Tag Archive: Regulatory

Update on the new AML Act in Germany

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann The new German Anti Money Laundering (AML) Act entered into force on 26 June 2017 after it has been published in the Federal Law Gazette. The new AML Act brings three important changes for gambling companies: Extension of the scope from online to offline gambling and from licensed to unlicensed gambling Revised AML measures …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2017/07/update-on-the-new-aml-act-in-germany/

New AML Act for Germany – impact on gambling operators

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann The financial committee of the Federal Parliament agreed on amendments to the new German Anti Money Laundering (AML) Act (Geldwäschegesetz, GwG) yesterday. The new law will bring important changes for gambling operators. While the scope of the new AML Act will be extended from online gambling to also …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2017/05/new-aml-act-for-germany-impact-on-gambling-operators/

UK – Ofcom reintroduces (lower) fees for video-on-demand services

By Patrick Mitchell and Alastair Mackichan The larger operators of UK VOD services (such as broadcasters’ catch up services, and other on-demand TV and movie services) will again be required to pay an annual fee to meet Ofcom’s regulatory costs. Share this

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2017/05/uk-ofcom-reintroduces-lower-fees-for-video-on-demand-services/

Sports betting does not require a German gambling license in North Rhine-Westphalia at the moment

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann The Higher Administrative Court of North Rhine-Westphalia (OVG NRW) ruled in a recent decision that sports betting intermediation by an EU-licensed provider does not require a(n additional) German gambling license in North Rhine-Westphalia at the moment. With this decision the court takes a very liberal stance. Yet, this …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2017/01/sports-betting-does-not-require-a-german-gambling-license-in-north-rhine-westphalia-at-the-moment/

Unlawful prohibition of sports betting in Germany

The Federal Administrative Court of Germany (BVerwG) ruled in a recent decision that if the state monopoly for sports betting persists an administrative prohibition of sports betting without a German sports betting concession would be unlawful. This decision ties in with a recent decision of the European Court of Justice (ECJ). There the ECJ ruled …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2016/11/unlawful-prohibition-of-sports-betting-in-germany/

New gambling law for Germany

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann A few days after the prime minister conference decided on the amendment of the State Treaty on Gambling Germany has informed the EU commission about the proposed legislative changes. The draft of the “Second State Treaty Amending the State Treaty on Gambling” provides for a few changes of …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2016/11/new-gambling-law-for-germany/

Prime minister conference: amendment of the German State Treaty on Gambling

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann Last week the German prime ministers reached an agreement on the amendment of the German State Treaty on Gambling (GlueStV). They decided to cancel the limitation of concessions for sports betting. With the 2012 GlueStV the German states wanted to allow up to 20 licenses for private sports …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2016/11/prime-minister-conference-amendment-of-the-german-state-treaty-on-gambling/

Germany: Administrative court orders gambling authority to issue sports betting license

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann Nearly four years have passed since the new State Treaty on Gambling (GlueStV) came into force allowing up to 20 sports betting licenses. The German gambling authorities reviewed the applications for sports betting licenses, decided that 35 companies meet the requirements and selected 20 companies to receive a …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2016/04/germany-administrative-court-orders-gambling-authority-to-issue-sports-betting-license/

Germany: EU Court rules against German sports betting regulation/new German legislation strongly needed

By Dr. Michael Stulz-Herrnstadt and Christoph Engelmann The European Court of Justice (ECJ) ruled that EU law may preclude the imposition of penalties in respect of the unauthorised cross-border intermediation of sporting bets carried out in Germany (judgment in case C-336/14). The case has been referred to the ECJ by a German local court (AG …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2016/02/germany-eu-court-rules-against-german-sports-betting-regulationnew-german-legislation-strongly-needed/

AUSTRALIA: ASIC rules risk management facilities to be used by sporting organisations are financial products

On 28 January 2015, the Australian Securities and Investment Commission (ASIC) rejected a relief application by the issuer of  ‘risk management facilities’ used by sporting clubs and retailers. The application for Australian Financial Services (AFS) licensing relief was refused on the basis that ASIC viewed the facilities as financial products and so the issuers of …

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Permanent link to this article: http://blogs.dlapiper.com/mediaandsport/2015/01/australia-asic-rules-risk-management-facilities-to-be-used-by-sporting-organisations-are-financial-products-2/

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