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euro adhoc: bwin Interactive Entertainment AG / Justice/Processes / Announcement regarding US legislation

Geschrieben am 02.10.2006 - [Nächster Artikel]


--------------------------------------------------------------------------------
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 Group’s 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 Group’s US business.

bwin’s 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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