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German authorities raid 11 premises in illegal online casino investigation
By SectorWire desk ·
Summary
German authorities raided 11 premises after a three-year investigation into a suspected unlicensed online casino, citing Frankfurt’s Prosecutor’s Office. The report said the casino handled more than €5.8bn in wagers between 2021 and 2023. Authorities seized vehicles and froze bank accounts and property with a combined value of around €82m.
Why it matters
The operation targets suspected unlicensed online gambling activity involving more than €5.8bn in wagers in Germany.