• EU COURT TO RULE ON STATE AUTHORITY TO OUTLAW BETTING AGENCIES

    13 December 2006

    Newspaper

    REUTERS

    VIENNA, Dec 13 (Reuters) – Austrian online betting operator bwin.com’s (BWIN.VI: Quote, Profile , Research) business model would become obsolete if the European Court of Justice ruled unfavourably in a landmark case due soon, bwin’s head was quoted as saying on Wednesday.

    The European Court of Justice is due in the next months to rule whether EU member states can outlaw betting agencies licensed in another member state. The Court’s Advocate General recommended in May to stop them from doing that.

    “In principle, the Advocate General’s recommendation reassures us,” bwin Chief Executive Norbert Teufelberger was quoted as saying in an interview in Austrian newspaper Der Standard.

    “If the European Court of Justice didn’t follow suit, the effect would be that national lawmakers can do as they want, and then you’ve got to say that a business model such as bwin’s wouldn’t make sense anymore,” Teufelberger said.

    MORE – READ THE COMPLETE ARTICLE AT REUTERS

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