Deutche Telekom sees online gambling as an expanding market and wants in.
The German company announced it will move into the online market, but did not announce a product line.
“The sport betting market is booming so an entry is of interest to Deutsche Telekom,” a company spokeswoman told Reuters. “It is not yet clear what products we will be offering.”
German newspaper Sueddeutsche Zeitung reported that Deutsche Telekom intends to offer its betting services through a company called Deutsche Sportwetten, which is expected to gain government approval. If the company is granted a gambling license by German regulators, Deutsche Telekom would become its majority shareholder.
