In this interview, bet-at-home’s CEO Franz Ömer discusses the recently announced regulatory changes in Germany. He begins by discussing how he thinks the competitive environment will change in sports betting following the award of a national online sports betting licence, and elaborates on what is and is not permitted following changes to gaming regulations. Franz then talks us through how the restrictions aimed at helping to better protect customers are likely to affect bet-at-home, and how many of the regulation changes are final or still to be clarified. Having described the regulation changes, he highlights how they will affect bet-at-home’s financial performance and future cash returns to shareholders. Finally, Franz discusses how the wider group strategy will be affected by the changes in Germany.