Alternative Gaming Legislation Proposed by Bwin

Be the First to Read the Latest Online Casino News.

	BOOKMARK US MAKE HOMEPAGE
	Last Updated: Wednesday, January 07, 2009

Advanced Search

☆ STAR CASINO ☆

ONLINE GAMBLING

Top Online Gambling

New Online Casinos

Gambling Glossary

Casino Bonuses

	Understanding Bonuses
	Best Bonuses

RULES & STRATEGY

Payments

	Payment Methods
	Payment Guide

CASINO GAMES

CASINO REVIEWS

GAMBLING FOR FUN

WEBMASTERS

***GambLux EDITOR NEWS***

Alternative Gaming Legislation Proposed by Bwin [Friday, November 28, 2008]
	Austrian Finance Minister Wilhelm Molterer's gambling legislation proposal has received widespread criticism. Online gaming company Bwin has reacted by commissioning its own legal experts to draw up and present an alternative proposal for gaming legislation to the Finance Ministry.
Molterer's proposal states that private online gambling operators will still be banned from providing their online gaming services in Austria. Win2Day and Casinos Austria's online gaming site will still be able to continue operating and thus will remain a monopoly. This also prohibits financial institutions from processing any payments to an unauthorized operator. Molterer's current draft has received criticism from Austria and other countries as favoring the Casinos Austria monopoly which is in defiance of European Community law. The draft is believed to allow a gaming machine license that could only be won by Novomatic. With regards to amending the Austrian gambling laws, it is claimed that the Bwin management are baffled that they were not informed about the discussions that took place. The online gaming company announced that if the legislation will be amended for the purpose of opening the market to other gaming operators, Bwin would be more than willing to pay taxes in Austria on locally generated income. Mr. Teufelberger, one the Chief Executive Officers of Bwin, stated that there have been many verdicts from courts in Austria that have supported the belief that the current prohibition on online gaming is a violation of the European legislation. He also added that the proposal as its stands would be a breach of European law and if the national Council approves the Finance Minster's draft as it is then there could be a possibility that Bwin might discontinue the development of new technologies within Austria. Bwin currently has 800 employees and several hundred IT developers based in Vienna. This move would be a drastic step that would put into question the future of these employees.

Print this article \| EMail it to a friend \| Feedback us
	MORE NEWS

ARCHIVE GAMBLING NEWS

2007

2006

2005

ONLINE CASINOS PAYOUTS TABLE

Casino	All Games	Poker	Slots	Table Games
Eurogrand Casino	97.47	97.40	97.20	97.80
32vegas Casino	98.70	98.60	98.70	98.80
Joyland casino	96.87	97.50	96.10	97.00
7Spins	97.30	97.30	97.30	97.30
Royal Lounge Casino	98.00	98.20	98.00	97.80
Lucky Ace Casino	95.73	95.85	94.56	96.77
Casino.com	97.50	97.50	97.50	97.50
USA CASINO	97.06	96.29	97.32	97.56
Amber Coast Casino	97.13	96.80	97.40	97.20
Casino On Net	97.53	96.80	98.00	97.80
Diamond Club Casino	97.70	98.10	97.80	97.20
New York casino	97.66	97.24	97.62	98.13

Sign-Up Bonus

	Exclusive 320% Bonus Offer from 32vegas Casino

	View More »»

Welcome Bonus

	Offers players up to $850 free on their first 4 deposits from Joyland casino

	Two different and exciting welcome offers await you at Prestige Casino from Prestige casino

	$888 welcome bonus from Vegas Red

	$3000 welcome bonus from Casino Tropez

	View More »»

Online Tournaments

	View More »»

GambLux CASH HIGHLIGHTS


GambLux NEWS HIGHLIGHTS

GambLux ONLINE PAPER

Get the hottest news and offers before everyone else - sign up for the GambLux Online Gambling Guide and reap the rewards! Enter your name & email address:
Name
E-Mail
Subscribe Unsubscribe