Austrian news sources have reported that former Bwin leaders Manfred Bodner and Norbert Teufelberger are facing charges of bribery relating to the firm’s 2007 application for a sports betting licence for Turkey. The former Bwin executives have been accused by a Vienna public prosecutor of paying €2.25 million in order to bribe Turkish officials. Bodner and Teufelberger are set to …
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Omni-channel gaming software and services supplier, Playtech, has agreed terms with win2day to take over supply of Austria’s regulated online poker network. The initial three-year deal will see Playtech work closely with the Austrian Lotteries and Casinos Austria-owned win2day brand to replace existing suppliers and deliver a bespoke desktop and mobile-enabled poker platform for the country’s only regulated network. Playtech …
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Reuters is reporting that a group of Czech investors is to take action against Austria’s Finance Ministry after failing to increase its ownership of gaming operator Casinos Austria. The investors already own 11.3% through a joint venture called Austrian Gaming Holding (AGH) and believed that this shareholding provided them with first refusal on any future sale of stock. AGH is …
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The French football league proved to be the most predictable on the continent over the past weekend, as tipsters on bettingexpert.com performed better on the Ligue 1 matches than any other division. Of the 5,000+ football tips posted on bettingexpert’s community this weekend, the ones focusing on French football were the most profitable for tipsters, with the Austrian Bundesliga and …
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Mr Green & Co has confirmed that it has begun its appeals process against its Austrian tax liability of SEK 108 million (£9 million). The Malta based igaming operator announced that it had presented its official appeal the Austrian Administrative Courts and that it had further backed its representation by filing its case with the European Commission (EC) courts. The …
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European igaming operator Mr Green&CO announced a Q4 2014 revenue increase of 28% to SEK 174.8 million (£13.5 million), as the operator managed to record year on year revenue growth for its 2014 financial performance. Reporting on the period of October to December 2014, Mr Green EBITDA performance had been effected by Tax disputes with regards to Austria, which had …
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Austrian bookmaker SKS365 Group has secured an incredible 1,001 land-based betting licences in Italy for its planetwin365 brand. The expanding Austrian bookmaker, which operates in Austria, Serbia, Romania and Belgium, will now turn independent Italian data transmission centres – so-called CTDs – into nationally licensed betting shops. SKS365 Group had been engaged in legal disputes with the Italian authorities over …
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Listed gaming operator Mr Green & Co is putting aside SEK 108 million (£11.5m) from its 2014 accounts in case it loses its Austrian tax dispute. Mikael Pawlo, outgoing CEO of Mr Green & Co, commented: “We contest the tax liability and are hopeful that our objections will be given due consideration.” While Mr Green Ltd operates from Malta and …
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Paul Leyland, Principle Consultant at Regulus Partners, is of the opinion that a heavy tax burden will hit growth in the industry this year, although there are prospects for the industry to flourish longer-term. 2015 was always going to be a difficult year for gambling operators from a fiscal perspective: UK remote Point of Consumption taxes (15% revenue from December …
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Sports media rights and data insights firm, Perform Group Plc has announced the appointment of Dirk Ifsen as Managing Director of its German business division. Ifsen will assume management responsibilities of Perform Group Germany, having been promoted from his previous role as managing director of Germany for sports data company Opta (Opta was acquired by Perform Group in July 2013) …
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