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euro adhoc: bwin Interactive Entertainment AG / Justice/Processes / Announcement regarding US legislation
Geschrieben am 02.10.2006 - [Nächster Artikel] |
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-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
02.10.2006
On 30 September 2006 the US Congress passed the "SAFE Port Act" which also contained certain provisions known as the "Unlawful Internet Gambling Enforcement Act of 2006" (the "Act") that will affect the processing of payments between US customers and online gaming companies, including bwin. The legislation is expected to be signed into law by President Bush within the next two weeks.
As the leading online gaming company in Continental Europe, bwin generates 73 per cent of its gross gaming revenues on the European market, as against 22 per cent on the US market. bwin does not currently offer any sports betting products to US residents. The Company aims to provide fair and responsible entertainment, and has continually focused on product and geographical diversification.
bwin is currently in the process of obtaining further advice with the objective of fully understanding the applicability and impact of the Act to the Groups US business. The Company will adapt its business strategy accordingly so as to minimize any adverse effects. The Board notes, however, that the Act, if signed into law, is likely to have a material adverse effect on the Groups US business.
bwins non-US customers are not affected by the legislation.
Further announcements will be made in due course.
end of announcement euro adhoc 02.10.2006 20:11:15 --------------------------------------------------------------------------------
ots Originaltext: bwin Interactive Entertainment AG Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note: Investors: Konrad Sveceny, Investor Relations bwin Interactive Entertainment AG Boersegasse 11, 1010 Vienna, Austria Tel.: +43 (0)50 858-2208 E-mail:investorrelations@bwin.ag http://www.bwin.ag
Press: Karin Klein, Corporate Communications bwin Interactive Entertainment AG Boersegasse 11, 1010 Vienna, Austria Tel.: +43 (0)50 858-2200 E-mail:press@bwin.com http://www.bwin.ag
Branche: Casinos & Gambling ISIN: AT0000767553 WKN: 936172 Index: ATX, Prime.market Börsen: Wiener Börse AG / official dealing
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