Bwin takes initiative in Austrian law drafting


Legislation drafted by the Austrian government's Finance Minister Wilhelm Molterer is so skewed to favour state monopolies like Casinos Austria - and against European Union law - that the Vienna-listed online gambling group Bwin Interactive Entertainment AG has commissioned its legal team to draw up alternatives for the politicians to consider.

The proposed Gambling Act has been criticised widely since its release, and drafters stand accused of overtly favouring state monopolies, which could lead to conflict with European Union principles calling for the free movement of goods and services between member nations.

Bwin's Co-Chief Executive Officers, Norbert Teufelberger and Manfred Bodner were apparently not consulted in any way prior to the release of the proposals by the minister and have responded by labeling the proposals 'unconsitutional' and pointing to several court rulings in Austria alleged to back such an opinion.

Teufelberger told Austrian news portal OE24.at that the firm currently employs 800 people around Vienna but would 'be unable to develop more technology' if the proposals were passed as they are now.

He said that the company's own legislative proposals could be ready to lay before the Finance Ministry by next week, and that Bwin would be 'perfectly willing' to pay tax on the revenues it earns in Austria should the legal situation improve through reforms.

General Gambling News Gambling Law & Society News

Login to post a comment:


 
 

Click Here to register a new account
 
 

What's going on right now!

4mins ago someone from United States of America United States of America played Cubis

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h

  • New Members
    24
  • Members Online
    295
  • Guests
    1,921
  • New Posts
    200

Totals

Casino Of The Month

Casino of the Month

Casino Software

Highest Community Rated Online Casinos
138SunGame
  (24 Ratings)
NextCasino
  (83 Ratings)
Jackpot Party
  (32 Ratings)
Bet365 Games
  (97 Ratings)
CasinoLuck
  (142 Ratings)
Betsson Casino
  (130 Ratings)
Guts Casino
  (95 Ratings)
Intertops Casino Classic
  (50 Ratings)
Spin Palace Casino
  (69 Ratings)
Conan Casino
  (13 Ratings)
ComeOn Casino
  (140 Ratings)
Betsafe Casino
  (101 Ratings)
Unibet Casino
  (74 Ratings)
Thrills Casino
  (68 Ratings)
Mr Green Casino
  (196 Ratings)
Jackpot Capital
  (85 Ratings)
32 Red Casino
  (159 Ratings)
Vera John Casino
  (114 Ratings)
Casino Saga
  (52 Ratings)
Redbet Casino
  (70 Ratings)
BETAT Casino
  (107 Ratings)
3Dice Casino
  (138 Ratings)
Sin City Casino
  (50 Ratings)
Winner Casino
  (268 Ratings)
Virgin Games
  (37 Ratings)
River Nile Casino
  (60 Ratings)
Mummys Gold Casino
  (105 Ratings)
BetVictor Casino
  (108 Ratings)
Casino Royale24
  (114 Ratings)
Casumo
  (64 Ratings)