Tipwin and Mybet Got Licenses for Online Slot Machines

Author: Live Casino Direct
 
Tipwin and Mybet Got Licenses for Online Slot Machines
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Tipwin and Mybet obtained licenses in Germany for slot machine games on June 23.

Tipwin and Mybet got licenses for online slot machines. Online poker and slot games are legal in Germany since July 2021. The new regulations also allowed online table games. There is a cap on the number of licenses that can be issued. The German sports betting association has warned that the introduced tax rate could jeopardize the success of the new gambling regulation in the country.

Spillemyndigheden, the Danish regulator on gambling, filed a police report against Tipwin for breaching the Money Laundering Act. Spillemysndiggereden accused TipWin of not providing a risk assessment of its betting operations and having no written procedures and controls to prevent money laundering.