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German Online Casino Betting Issues

Germany is one of the ten EU member states violating EU policy by operating internet gambling monopolies that exclude other EU member states access to local gambling markets. Bwin, an Austrian online casinos gambling company has continued to openly fight the German government’s ban on foreign internet betting sites – but a ruling by the German Federal Court of Justice continues to place Bwin in the wrong rather than finding the current monopolistic online casinos legislation in the wrong. And although Bwin could face paying fines to German companies adversely affected by Bwin’s online betting operations in Germany, the company has the European Commission backing its interests.

Bwin a leading online casinos betting company in the European market with the company also focusing on emerging markets in South America and Asia. But beyond just the problems in Germany, Bwin is facing similar persecution in Argentina for allegedly advertising in Buenos Aires without the appropriate permission from licensing authorities in the region. Current issues with Bwin are hurting the company’s financial viability between the Buenos Aires problem and the recent ruling in favor of WesLotto. Basically, WesLotto can start enforcement proceedings against Bwin despite the fact that the Federal Court of Justice may take as long as 18 to come to a final decision in the case.

The company’s shares dropped almost eight percent after the Federal Court of Justice announced its latest ruling. But even though Weslotto can begin enforcement proceedings, a lot can happen in the European online casinos gambling industry in that amount of time. The European Commission is beginning to bring EU member states with internet gambling monopolies before the European Court of Justice. So there may be significant changes in German gambling policy in the coming months and years that will positively affect Bwin Entertainment.