22August2017

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Bwin Party CEO arrested in Belgium

It has been revealed that the co-CEO of Bwin; Norbert Teufelberger has been arrested in Brussels, while he was in attendance of the Responsible Gaming Day conference. There has currently been no message as to why he has been arrested.

However, many reporters believe that it is because Bwin continues to try to do business in the country without the correct licenses, a matter that they are more than aware of having tried to breach them previously.

Now, due to new gaming laws, all poker sites that want to trade in Belgium need to have a license to do that. However, while major names like Pokerstars have obtained this license almost instantly after it was revealed that they needed one from the Belgium Gaming Commission, Bwin continues to operate in the country without one. It remains unclear if they have been turned down or are just refusing to obtain one.

This is the latest in a series of events between the company and the police. Back in May 2012, the country moved the site onto their official blacklist because they continued to try to trade without the license. This stopped players from the country being able to get onto the software. However, Bwin then moved to try to find a way around this by changing their domain to www2.bwin.com, which the country blocked just a short while later.

Now, any player from Belgium caught playing the site can be fined up t€25,000. Furthermore, on top of this Bwin were fined €75,000 for a blatant disregard of the laws of the country. There are 50 gambling websites currently on this list, which goes someway to show how serious they are about blacklisting those who do not follow the rules.

The company, which is officially floated on the stock exchange in London, has seen their shares plummet almost 4% because of this arrest.

 

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