TipWin Sportsbook

Deposit limits must also be put in place until customer verification processes are completed, and operators will be restricted to offering customers a maximum bonus of €100 per year. Social responsibility measures set out in the incoming State Treaty on Gambling, the Glücksspielneuregulierungstaatsvertrag (GlüNeRStV) must also be enforced.

GVC, Gauselmann and Tipwin among first German betting licensees

The trio have all issued public statements confirming they have secured licences, which have been issued with immediate effect.

However, GVC noted that the timing of the implementation of conditions attached to the licence was not yet clear. The operator said that it was working with the Regional Council to agree this, expecting to have all restrictions in place by early next year.

These conditions require operators to set a €1,000 monthly wagering limit for all customers. This can be increased to €10,000 for some customers, provided a maximum bet amount is set, and a loss limit, which prevents them from losing more than 20% of their maximum spend, is put in place.

For no more than 1% of an operator’s total customers, the wagering limit can be increased to €30,000, provided the player is at least 21 years old, and enhanced due diligence and monitoring is carried out.

Deposit limits must also be put in place until customer verification processes are completed, and operators will be restricted to offering customers a maximum bonus of €100 per year. Social responsibility measures set out in the incoming State Treaty on Gambling, the Glücksspielneuregulierungstaatsvertrag (GlüNeRStV) must also be enforced.

GVC said that these measures are likely to reduce group earnings before interest, tax, depreciation and amortisation by up to €40m per year once they are applied in full. This came after the operator said that the strict conditions set out in the GlüNeuRStV for online casino, such as a €1 per spin stake cap for slots, would reduce EBITDA by €70m from 2021.

Despite this, the operator’s chief executive Shay Segev said the awarding of the licences was “great news” for GVC, that would bring it “the clarity and certainty that we have long sought for sports-betting in Germany”.

“Combined with the recent Tolerance Policy we can now look confidently to the future, building on our position as a market leader by delivering an unparalleled, innovative experience for our German customers,” Segev said. “The much-anticipated regulation of online gaming in Germany re-enforces GVC’s position as the most globally regulated and responsible operator in our industry.”

Gauselmann Group, meanwhile, has been granted a licence for its Cashpoint Malta subsidiary.

“We are very pleased to be among the first to be able to offer our betting program to our sports-loving customers with a state license,” managing director of Merkur Sportwetten Markus Ettlin said. “After many years of legal limbo, binding rules now apply to everyone in the German sports betting market.”

“Above all, this strengthens consumer and player protection,” he added. “Because now not only customers who are enthusiastic about gaming, but also politicians, authorities and society can differentiate between illegal and permitted providers.”

Cashpoint Malta’s licence was also welcomed by Gauselmann founder Paul Gauselmann, who said that the business had met all the requirements for certification as far back as 2014.

“Unfortunately, it has taken until today to end this legal state of uncertainty,” he said. “But I am all the more pleased that we are finally among the first.”

Tipwin also pointed out that it had been cited as having met all the licence conditions in 2014. Its managing director Ivica Batinic and head of legal Damir Böhm said in a joint statement that they were relieved that the long-standing legal uncertainty had been ended.

“The granting of the licence promises a great opportunity for everyone involved, whether that’s people, politicians, authorities, providers and consumers,” they said.

“It is the first step towards a real and responsible regulation of sports betting in Germany. We hope that this will pave the way for the new GlüStV 2021, further legal improvements and also an effective enforcement against providers who are not willing to regulate.”

The awarding of the first sports betting licences comes following years of legal challenges, false starts and recriminations. The launch of the licensing process from 2 January this year appeared to have set a path forward, only for a legal challenge by Austrian bookmaker Vierklee to derail efforts.

Vierklee’s argument that the process lacked transparency and favoured market incumbents was accepted by the Darmstadt Administrative Court, which blocked the Regional Council from awarding licences.

However, the Council said it would continue to process applications as it appealed the court ruling.

While it is yet unclear whether that legal process has come to an end – and iGB has contacted the Regional Council for clarity – lawmakers have looked to break the regulatory stasis by agreeing a transition period for online gambling.

The terms of the transition period were agreed in September, but not ratified by all states until 1 October. Under this framework, operators that comply with the terms of the GlüNeuRStV by 15 October will be permitted to offer online sports betting, slots and poker until the Treaty comes into force from 1 July next year.

However, concerns remain, with the Deutscher Sportwettenverband noting that operators are now being required to complete complex technical processes to comply with the Treaty in an unfeasibly short space of time.

Projects that often take months to complete must effectively be finalised in a matter of weeks, it warned earlier this month.

Tipwin is considered a top-class addition to the system of the online betting industry. Tipwin has already been ready to get a huge amount of success and a spotlight within a very short time. It has always been ready to provide the players with an ecstatic, innovative, and great opportunity to nourish and develop their skills and careers. Moreover, the features that it contains are undoubtedly the trademark of this casino. It offers you all of the excellent gaming options to make you feel more satisfied. Tipwin also has a focus on supplying you with the latest variants of top-notch games.

You can get a 100% Welcome bonus up to a deposit of €100.
Tipwin first deposit bonus doubles your first deposit. No deposit fees, fair conditions, and instantly credited.

Tipwin has widely been accepted as one of the top-class online sports betting platforms. It gives you excellent experiences with various casino and sports games. All of the sports games are having fantastic features and top-class service providers. Betting players will be having no issues while betting in such a marvelous gaming environment. Tipwin offers many modern sports games with the latest techniques to play them. You can find many of your favorite sports games at this online sports betting site. This wide range of casino and sports games allows you to enjoy a wide range of winning opportunities as mentioned before.

Tipwin is a trustworthy sports betting site where you can find a straightforwards betting experience if you are a football fan, plus it will always offer some good deals.

Tipwin Sports Betting Site Analysed

On the left navigation menu of the homepage, you’ll be able to browse through the sports which are ordered by popularity.
Commonly used, the centre of the page lists all the live events to bet on in Tipwin alongside some of the main matches for the general punters. When you pick your match the odds will as usual appear on the bet slip located on the right side of the page.

Basically, it all works as you would expect and very quickly which is excellent. There will be no great surprises with Tipwin sports betting site, which some might find a bit unoriginal but if like most punters you just want to be able to place a bet quickly and easily, it is a fine website.

Tipwin Betting Bonuses

As a welcome offer, the online sportsbook offers a great 100% UP TO €100 which can be very interesting for new punters to use on live betting markets or even in pre-match events.
After your registration is completed and all the KYC procedures are done to fully verify your account and ID, you can choose among your favourite deposit methods and make your first deposit to automatically grant your Tipwin welcome bonus.

The wagering requirements for the welcome offer are not bad for a regular online sportsbook since you have to play the total amount of the deposit and bonus five times before you can withdraw the funds.

Tipwin Licenses

The German sports betting operator is one of the very few online bookmakers to be licensed by the Regional Council of Darmstadt which allows them to fully operate in the German regime, making Tipwin a must-to-visit by any of the Germanic punters.

Being awarded one of only about a dozen German licenses – very tough to get – makes Tipwin an ultra secure and trustable online sportsbook with whom you can reliably give your private data and money.

The restrictions demanded by the regulator may be tight and can impact on your gambling but you should always think it’s ultimately for your own safety.

Available Deposit Methods At Tipwin

You will easily find your favourite payment and withdrawal methods at the sports book.
During our Tipwin sportsbook review it was clear the most popular payment methods were available at the site, and these include:

VISA, MASTERCARD, NETELLER, SKRILL, MAESTRO, SOFORT, GIROPAY, TRUSTLY, MONETA, ECOPAYZ, WEBMONEY, YANDEXMONEY, POLI, ASTROPAY CARD, ASTROPAY. However you can check all the available PSPs listed at the footer of the site in the ‘Payment Options’ hyperlink.

Account Verification Process

To verify your Tipwin sportsbook account, the process is very similar to the most efficient available by the competitors. You will be requested to provide proof of address, ID to make sure you are over 18 years, and eventually other documents in case the customer support team requires so.
Tipwin online sportsbook accepts German punters’ registrations.

Responsible Gaming

At Tipwin responsible gaming is taken seriously, especially now with the German-regulatory conditions in place.
Play responsibly, 18+

Tipwin review

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Peek down one of the many alleyways on your travels across Stakersland and you’ll likely find a flickering Tipwin sign.

Follow the trail of betting slips and you will come across a basic bookmaker bar stocked up with rental computers for stakers to use. It is not your typical betting venue, but this was just meant to be a temporary location for the startup business founded by three Croatian brothers. Dreams of upgrading and purchasing a premise on the main betting boulevards were chased, but unfortunately, they were never realised. Nowadays, Tipwin accept their home in the backstreets and alleyways as they cling on desperately to their community of 257K stakers, made up of mainly Germans and a few more coming in from Bosnia and Herzegovina. The majority of these stakers enjoy betting on football, basketball, tennis, and ice hockey across pre-live and live in-play markets. In the same manner as both Bet3000 and Tipico, Tipwin try to cover as many of the major international and local Bundesliga events as possible. However, there is no sign of any esports markets and perhaps they simple don’t have the resources, or they don’t believe the hype coming from the main betting boulevards across Stakersland. Or it could be as simple as a lack of interest from their staker community. Either way, they definitely won’t be attracting the modern betting crowd who follow the professional esports teams and gamers devotedly.

The limits imposed by Tipwin are the lowest across Stakersland and they do not inspire much confidence. The maximum payout a staker can win in a week is €50,000. Also, should your winning bets exceed this maximum limit across a number of different betting slips then those winnings would be waived. Unfortunately, there are no other limits defined within the terms and conditions. To payout this maximum weekly winning limit of €50,000, it would require Tipwin to be running their betting rooms for around six hours. Due to these low limits, it is likely that the company will have sufficient cash amounts to satisfy your withdrawal requests within 24 hours. However, because the accounting books have not been published since 2015, we cannot say for certain. There is too much doubt to give you the cold hard facts but as there are no breaches on their MGA license, nor are there any court proceedings having been recorded against the Tipwin brand, there should be enough money to fund those top €50,000 payouts.

The loyal staker community at Tipwin continue to wager between €45-50 each and every month on various markets throughout their sportsbook. The annual gross gaming revenue sits at €30M which breaks down to around €3-3.5 million in overall profits.

As estimated by our ticket sales office here at Stakers HQ, the Tipwin board generates around €2-3 Million in gross gaming revenue from its online operation. This adds up to an average profit of €45-50 a month from each staker. Annual profits are therefore in the €30M range with the end profits tallying up to somewhere between €3 and €3.5 million. If the cut of profits is even then each brother will take home around €1 million, but we are unsure on the figures due to their final accounts being disclosed for several years. On the other hand, these amounts could well be exaggerated due to the revenue sharing model employed within its franchised network. If we compare Tipwin with Oddset, the Dutch operator with a comparable number of German stakers (55,000) from its 144,000 European community total, the €35-37 million annual gross gaming revenue is similar. The final profit figures would heavily depend on the scale of their commission paid out to the partners sending stakers through too Oddset though. Our second rival to Tipwin is xTip which is managed by the Austrian outfit Cashpoint with a 40,000 German staker community. The xTip team are generating a gross gaming revenue of €26 million per year, with the parent company Cashpoint recording €130 million. But again, due to the significant commissions being paid out to franchises, the Cashpoint profits sit at around the €1 million mark.

Richard Brown, CEO, [email protected], +34 661599025

Gaming Innovation Group signs platform agreement with Tipwin Ltd.

Gaming Innovation Group Inc. (GiG) has signed a long-term agreement with Tipwin Ltd. for the provision of GiG’s platform, data platform and GiG Logic. Tipwin will use GiG to power its new casino offering under its own licences from the Maltese and Swedish Gaming Authorities. The agreement is based on a revenue share model with a minimum contract term of 3 years.

Tipwin Ltd., founded in 2011, offers multi-channel sports betting both offline and online under one brand. Tipwin currently operates more than 1,500 retail betting shops throughout Europe, which along with their sponsorship of two of Germany’s first league football teams, Bayer 04 Leverkusen and Eintracht Frankfurt, makes them one of the most recognisable operators in the German retail betting market. Tipwin will be integrating GiG’s casino platform technology into their new next-generation sportsbook platform, which has been developed entirely from scratch, to capitalise on further digital transformation from retail to online gambling, in anticipation of the nationwide German regulation for online casino and sports betting in 2021.

The casino offering is expected to go-live during Q4 2020, and this partnership is expected to make a positive contribution to GiG’s revenues from 2021 onwards.

Ivica Batinic, Chief Executive Officer of Tipwin says: “Integrating GiG’s leading casino technology into our next-generation proprietary sports betting platform will allow Tipwin to round up its overall iGaming product portfolio. During the last 9 years Tipwin successfully built up its land-based business throughout Europe, is now one of the fastest-growing sportsbook operators in Europe and developed a strong technology portfolio including our proprietary hardware for sports betting shops. Partnering with GiG in the area of casino technologies will complete our online products and help to offer an unmatched 360 degree online and retail product portfolio to our customers and partners.”

Richard Brown, Chief Executive Officer of GiG says, “We are delighted to have partnered with Tipwin for the provision of our iGaming platform and casino offering. Tipwin has been a successful retail sportsbook operator for over 9 years and we look forward to supporting them in their expansion into the online casino space. We see strong potential in linking up with a brand with a large existing retail customer base and anticipate further growth in the number of casino customers in the German market post-regulation in 2021, therefore partnering with an existing retail offering will enable further capture of the expected transition of customers from land-based to online gaming”.

For further information, please contact:

Richard Brown, CEO, [email protected], +34 661599025

Tore Formo, Group CFO, [email protected], +47 91668678

About Gaming Innovation Group (GiG)
Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry-leading platform and media provider delivering world-class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com

About TipWin Ltd. (Tipwin)
Tipwin is one of the major European and fastest-growing sports betting operators holding licences for sports betting and online casino operations in Malta, Sweden and Denmark. Tipwin is offering both land-based and online products in 7 countries and built up a network of approximately 1.500 sports betting shops throughout Europe since Tipwin was founded in 2011.

Ivica Batinic, Tipwin’s chief executive officer, added: “Integrating GiG’s leading casino technology into our next generation proprietary sports betting platform will allow Tipwin to round up it’s overall igaming product portfolio.

GiG Secures Long Term Tipwin Deal

The Gaming Innovation Group has secured a long-term deal with Tipwin, which has hired the company to licence the Maltese and Swedish gaming authorities for its upcoming casino offering.

The agreement will see the provision of GiG’s network , data network and GiG Logic based on a revenue sharing arrangement with a minimum contract period of three years.

During the fourth quarter of 2020, the casino product is scheduled to go online, and the partnership is scheduled to make a meaningful contribution to GiG ‘s revenues from 2021 onward.

GiG’s chief executive officer, Richard Brown, explained: “We are delighted to have partnered with Tipwin for the provision of our igaming platform and casino offering. Tipwin has been a successful retail sportsbook operator for over nine years and we look forward to supporting them in their expansion into the online casino space.

“We see strong potential in linking up with a brand with a large existing retail customer base and anticipate further growth in the number of casino customers in the German market post regulation in 2021, therefore partnering with an existing retail offering will enable further capture of the expected transition of customers from land based to online gaming.”

In anticipation of the national German legislation for online casinos and sports betting in 2021, Tipwin will incorporate the casino network technology of GiG into its own sportsbook network, through which it intends to further capitalise on the “digital transformation from retail to online gambling.”

Established in 2011, Tipwin operates over 1,500 retail betting shops throughout Europe and has sponsorship agreements with Bayer 04 Leverkusen and Eintracht Frankfurt, the German football sides.

Ivica Batinic, Tipwin’s chief executive officer, added: “Integrating GiG’s leading casino technology into our next generation proprietary sports betting platform will allow Tipwin to round up it’s overall igaming product portfolio.

“During the last 9 years Tipwin successfully built up it’s land-based business throughout Europe, is now one of the fastest growing sportsbook operators in Europe and developed a strong technology portfolio including our proprietary hardware for sports betting shops.

“Partnering with GiG in the area of casino technologies will complete our online products and help offering an unmatched 360 degree online and retail product portfolio to our customers and partners.”

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He’s written more words on all elements of iGaming than he likes to remember, and he’s contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.

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