German Ban Holds Against Online Gambling

Online Gambling SoftwareGerman Ban Holds Against Online Gambling

Despite losing on their appeals related to the German ban of online betting and online gambling, some of the major companies hold the belief that it will turn around. The Federal Court of Justice ruled in favour of the online gambling ban in an effort to protect German citizens from unchecked social gambling.

EU Ruling on Gambling Monopoly

The suits were brought to the court by lotteries owned by the state. This ruling was made despite the EU ruling against the gambling monopoly in Germany.

As this ruling contradicts the previous ruling by the EU, German states are attempting to find the means to keep the market open. A number of online gambling companies are taking a hit from the rulings with Bwin shares taking a 6.7 percent decline.

September 28, 2011 by : posted in Recent News No Comments