Welcome to Casinos.co.uk > The Comprehensive UK Local and Online Casinos Database  
Local Casino Search:
Online Casino Search:
Casino News Search:

Casinos.co.uk: Casino News Archive

Wednesday 23rd May 2007

Online Casino Seeks Million Euro Approval From Shareholders

Austrian gaming firm and online casino operator Bwin is hoping to secure shareholder backing for a capital rise of up to 16.3 million new shares, generating over €500 million at its AGM.

According to online news service Boerse Express there is speculation that the capital increase will be used to fund the purchase of its UK-based competitor Sportingbet and also finance other similar deals.

In other news, an eight-month wrangle between Bwin and the German state of Bavaria has ended with a Munich court ruling that it was ‘technically not possible’ to prohibit online sports betting.

The court ruling also concluded it would not be possible to stop Bavarian residents from utilising online sports betting services, such as those on offer at Bwin. The state of Bavaria also ‘did not show a single comprehensible and convincing way that sports betting companies can technically implement the ban’, according to a court statement.




Source:OnlineCasinoNews



View Similar Stories
Online Casino Firm Seeks Listing on AIM
Online Casino Gets Red Card in Football Sponsorship Deal
Online Casino 888.com Makes Troubled Stock Market Debut
Soccer Match to be Sponsored by Online Casino
Lightning Strikes Twice for Online Casino VIP


Discuss this story in the Gambling.co.uk Forums. Last five forum Posts:

Sunday 5th July, 2009: What do we do here?

Sunday 5th July, 2009: Poker.co.uk Invitational tournament, €3000 Freeroll, 10 players max, Sunday 19th July

Sunday 5th July, 2009: ***Lets-play-poker.co.uk SCAM***

Sunday 5th July, 2009: Staking aka 'beggar gets banned'

Sunday 5th July, 2009: PLO Coolers



 
Network Sites
Gambling.co.uk
Poker.co.uk
Bingohall.co.uk
Casinos.co.uk
Lotto.co.uk
Vegas.co.uk
Gambling Directory
 
   
© 2006 Casinos.co.uk & The Gambling.co.uk Network - Gambling | Casinos | Poker | Lotto | Bingo | Vegas