In a nutshell, Greece has ordered unlicensed operators, including Bwin.party, to stop serving Greek punters by December 6 or face a decade in prison, up to €500k in fines and “severe administration penalties”. The EC approved the new laws and the RGA believe that aforementioned haste is to protect the monopoly held by OPAP – the gambling company part-owned by the government.
Bwin.party digital entertainment has released its latest statement on the decision by Belgian authorities to detain co-CEO Norbert Teufelberger. The company confirmed that Belgian authorities “interviewed” Teufelberger for two hours and that from here forwards they will continue to discuss matters with the Belgian Gaming Commission (BGC).
Teufelberger, along with co-CEO Jim Ryan, also released a statement that read: “We have been at the forefront of regulatory change in Europe for several years and
we have licences in Gibraltar, Alderney, Denmark, France, Germany (SchleswigHolstein), Italy and Spain. We continue to strive for a regulatory framework in European Member States that is compliant with EU law.”
One bright point on bwin.party’s bleak horizon is the share price that didn’t drop and has stayed the same at 113.3p at the time of writing.