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Admiral Sportwetten quits German retail business for lack of regulation

7th May 2020 9:13 am GMT
Admiral Sportwetten

Novomatic subsidiary Lowen Group is withdrawing its Admiral Sportwetten brand from the German retail sports betting market.

The company attributed the decision to Germany’s flawed gambling regulations, which have failed to provide legal certainty and fair competition in the market.

Admirals 17 betting shops in Germany have been closed since mid-March due to the COVID-19 pandemic and will not reopen.

“Our withdrawal is the sad result of the failed German gambling regulations. As a private sports betting provider [...]

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