Mybet Holding SE : mybet welcomes EuGH paper on online gaming by the Federal Court of Justice

2013-01-24 12:37:03.0

mybet welcomes EuGH paper on online gaming by the Federal Court of Justice

mybet Holding SE / Key word(s): Legal Matter



24.01.2013 / 12:37



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mybet welcomes EuGH paper on online gaming by the Federal Court of Justice



Kiel, January 24, 2013 - The Federal Court of Justice today emphasised its

concerns at plans to ban games such as casino and poker on the Internet. In

forming their opinion the Federal Court of Justice's judges made reference

to the regular legal position of the European Court of Justice (ECJ), which

demands coherent, systematic framework conditions for the offering of

gaming throughout all EU member states. Against this backdrop, the Federal

Court of Justice today submitted a number of questions to the ECJ on the

reorganisation of gaming law in Germany



The critical issue in the opinion of the Federal Court of Justice is that

the parallel existence of more liberal legislation in Schleswig-Holstein

and the Internet permits for sports betting, casino and poker granted on

this basis to private operators means there is a lack of the required

overall coherence to legislation in Germany. However, according to the

strict requirements of the ECJ, precisely this is a basic requirement for a

restrictive policy towards gaming, such as that enshrined in the State

Treaty by the other 15 federal states. Even if Schleswig-Holstein signs up

to the State Treaty on gaming of the 15 federal states - on which a

decision is to be taken by the Kiel state parliament today - it would

potentially be impossible to restore the required coherence. In order to

prompt a supreme-court decision, the Federal Court of Justice stayed

proceedings and submitted these questions to the ECJ for clarification.



Mathias Dahms, Management Board spokesman of the Kiel-based mybet Holding,

commented: 'In referring the proceedings to the ECJ the Federal Court of

Justice has highlighted what is already clear to the educated consumer:

there is now a need for comprehensive regulation of online casino and poker

games in Germany. A ban - as is envisaged in the State Treaty on gaming of

the 15 federal states - will not work. In our opinion the State Treaty on

gaming needs to be fundamentally overhauled. The premiers of those states

would be well-advised to dispense with their restrictive regulatory model

and use the arrangements currently in place in Schleswig-Holstein as their

basis. Schleswig-Holstein needs to think long and hard about whether it can

seriously sign up to the questionable legal construct that is the State

Treaty on gaming.'



Click here for the press release on the Federal Court of Justice ruling:

http://juris.bundesgerichtshof.de/cgi-bin/rechtsprechung/list.py?Gericht=b

gh&Art=pm&Datum=2013&Sort=3



About mybet: mybet Holding SE (formerly JAXX SE), established in 1998, is a

financial holding company with holdings in companies in the European gaming

industry. mybet Holding SE currently holds interests in companies in

Germany, Austria, Spain, Italy, Belgium, Gibraltar and Malta. mybet Holding

SE has its headquarters in Kiel. The group's focus is on the products

sports betting, casino and poker, which are offered on the Internet at

www.mybet.com and www.mybet.de as well as in betting shops. The shares of

mybet Holding SE have been listed on Deutsche Börse since 1999 under ISIN

DE000A0JRU67.



Contact:



mybet Holding SE

Investor Relations & Corporate Communications

Stefan Zenker

Tel. [phone]

Fax [phone]

Mail [e-mail]



End of Corporate News



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Language:		English
Company:		mybet Holding SE Jägersberg 23 24103 Kiel Germany
Phone:		[phone]
Fax:		[phone]
E-mail:		[e-mail]
Internet:		www.mybet-se.com
ISIN:		DE000A0JRU67
WKN:		A0JRU6
Listed:		Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement		DGAP News-Service

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