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Casinos> 2007
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Possible Bwin Vs. German States Compensation Claim?
Monopolistic state gaming bans hurt Austrian online gambling
group, says CEO
The chief executive of the Vienna-listed Bwin online gambling group
has indicated in a German newspaper interview that his company may
present the 16 German states with a major compensation claim after
its business and reputation suffered as a result of monopolistic
gaming bans.
According to ATE Online this week, co-chief executive Norbert Teufelberger
told the German newspaper Stuttgarter Zeitung that he was confident
the European Court of Justice would rule that the German states'
efforts to protect their monopoly over games of chance is illegal.
In a timely comment (earlier reports in Der Spiegel indicated a
deal was shaping up between the European Commission and the German
states) Teufelberger said that Bwin supported a solution to the
ongoing issue that would see states maintaining a full monopoly
in the lottery sector, whilst appropriately regulated online gaming
providers like Bwin are given the right to offer sports betting,
casino games and poker in exchange for a 15 percent tax on gross
winnings.
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