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The DSWV said the findings should prompt a thorough reassessment of official black market size estimates in Germany.
The DOCV, another trade body representing licensed online casino operators in Germany, also expressed support for the prosecutorial efforts. However, it emphasised that the raid exposed regulatory gaps which had allowed organised crime to flourish.
Kevin O’Neal, a DOCV board member, argued the scale of the investigation calls the GGL’s broader black market estimates into question. He cited the regulator’s 2025 activity report, which put the 2024 share at 23% (€547 million in gross gaming revenue), against Nielsen data suggesting a share of around 56%.
About Wizzy Trix
The release carries the studio’s familiar configuration approach. Duck Hunters 2 launches with a 96.00% RTP configuration as its highest available setting, alongside alternative versions with RTP levels of 94.05% and 92.01%. The game carries an extreme volatility rating and allows bets ranging from €0.20 to €100 per spin.
The reason Duck Hunters 2 is worth flagging as news is what its format says about where the wider market has landed. Position-multiplier math, in which individual grid cells accumulate multipliers across cascading wins, has become one of the most widely adopted mechanical families in modern slot design.
Nolimit City’s version keeps that model recognizable. As in the original game, winning symbols disappear from the grid and trigger cascading reactions. The distinguishing choice is the ceiling the studio has set for those cells.
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Entain is trying to respond by simplifying itself. It has agreed to sell an initial 20% stake in Entain CEE for €425 million, implying an enterprise value of about €2.1 billion. The company says proceeds from the transaction and any future exit will be used to reduce debt and, subject to leverage objectives, return excess capital to shareholders.
The strategy is less about rapid growth and more about showing that a cash-generating business with falling debt and improving operations is undervalued.
By looking at four major gambling companies – Entain, Flutter, DraftKings and MGM Resorts International – it becomes clear why the sector should not be treated as a single trade.