Tuesday, Sep 16, 2008 Bwin Share Fell after German Court Ruling
After a court decision in German state North-Rhine Westphalia, outlawing Bwin from the local gambling market, the company shares on the Vienna stock exchange fell 7%.
Austrian betting company Bwin risks heavy fines, should they offend against the ruling. But the firm claims that it will continue to offer its betting portfolio to German consumers notwithstanding the court decision, while waiting for a federal decision on the matter.
Bwin has taken a place among the biggest online poker sites in Germany, but fights a constant struggle against the German gambling monopoly - on the federal level as well as its various states.
At the same time, the German gambling monopoly, as well as gambling monopolies in other European countries, is fighting on a second front against the European authorities who try to enforce the fundamental European principle of free movement of merchandise.
All the while, the issue under debate is not the important one, if you ask PokerJunkie.com. Poker is not gambling, so why do poker enthusiasts get entangled in this fight all the time?.