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Austrian Government gambling law draft too biased toward monopolies
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.
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Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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