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StanleyBet claiming Euro 1.5 billion in compensation from Italian government
5.26.10 - Fed up with what it calls continuous challenges by the Italian government to its market access in that country, the retail fixed-odds betting company Stanleybet International has launched a legal compensation claim for Euro 1.5 billion against the government of Italy.
The civil claim is in respect of alleged ‘direct damages, lost earnings, loss of business opportunity and reputational damage’ from 1998 to 2006 and was delivered by lawyers to the Italian Prime Minister’s office in Rome last week, the company has revealed.
The litigation has been prepared using ‘extensive independent legal and economic advice,' the company says, and is believed to be the ‘largest claim launched by a private enterprise against a member state in the history of the European Union’.
The claim follows a twelve-year battle between the bookmaker and the Italian government, with StanleyBet alleging that the local market had been ‘continuously challenged by measures of Parliament, the administration and the judiciary contrary to European Union law’.
“Today’s action is a move of last resort,” said John Whittaker, Stanleybet's chief executive.
“We have always been clear about wanting to reach a negotiated solution with the Italian government. Instead, we are still bound to fight what is now a twelve-year battle to enforce our legal rights. Winning in the courts all along the line has not proved enough and we must definitely put this to an end," he said.
“Despite recent legislative developments, which purport to offer change, as a land-based rather than an on-line business we continue to be treated in Italy as an outlaw. Our staff and intermediaries face the risk of arrest and harassment and shops continue to be seized at the hands of prosecutors and officials. Consumers cannot benefit from the choice and quality offered by a truly open sportsbetting market. We regret that the circumstances have left us with no alternative.”
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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