Germany once looked like a gold rush for betting shop operators. Thousands of locations, billions in wagers and franchise networks promising attractive business opportunities. Ten years later, the market is shrinking, customers are moving online and established betting brands are finding themselves under pressure. Even a familiar name such as Bet3000 is no guarantee of stability. For anybody considering investing in a German betting shop today, the question is no longer how much money can be made. It is how much money could be lost....

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