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Online Gambling Firm Bwin to Acquire Italy's Gioco Digitale

Authored by Mark Hefflinger on September 14, 2009 - 8:17am.
Vienna, Austria - Online casino operator and gambling firm Bwin announced on Monday that it will acquire Italian online poker and gaming operator Gioco Digitale, in a deal worth up to $168 million in cash and stock.
tags: Deals | Gambling | Acquisitions | BWin | Gioco Digitale |

Online Gambling Executives Arrested in France

Authored by Mark Hefflinger on September 19, 2006 - 6:42pm.
London - Following the lead of their U.S. counterparts, French authorities have detained two executives at an Internet gambling firm, on allegations they violated French gambling laws. The arrests of co-CEOs Manfred Bodner and Norbert Teufelberger of Austria-based BWin International Entertainment -- the parent company of gambling site Betbull -- were condemned by the company, which maintains that it accepts no business from France. "The arrest of Manfred Bodner and Norbert Teufelberger is an attempt to intimidate an entire industry," said Betbull CEO Gunter Schmid. "To the national courts, the European Courts, and the European Commission it will send the signal that it is not the general public that requires protection from abstract and unfounded threats of privately operated gaming but it is the operators that require protection from the real violation of their basic human rights from overpowering executive bodies across Europe." The illicit gambling charges against BWin executives follow the revocation of the company's betting license in Germany, and the arrest of two executives of online gambling firms by U.S. authorities.
tags: Games | Law | Gambling | Europe | France | Austria | Law Enforcement | Arrests | BWin |