EU COURT TO RULE ON STATE AUTHORITY TO OUTLAW BETTING AGENCIES
REUTERS
VIENNA, Dec 13 (Reuters) â Austrian online betting operator bwin.comâs (BWIN.VI: Quote, Profile , Research) business model would become obsolete if the European Court of Justice ruled unfavourably in a landmark case due soon, bwinâs 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 Courtâs Advocate General recommended in May to stop them from doing that.
âIn principle, the Advocate Generalâs recommendation reassures us,â bwin Chief Executive Norbert Teufelberger was quoted as saying in an interview in Austrian newspaper Der Standard.
âIf the European Court of Justice didnât follow suit, the effect would be that national lawmakers can do as they want, and then youâve got to say that a business model such as bwinâs wouldnât make sense anymore,â Teufelberger said.
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