Bwin.party Head Faces French Fines

Sun, Apr 13, 2014

According to a report on Calvinayre.com, a French court has recommended two top executives at bwin.party digital entertainment, including CEO Norbert Teufelberger, each pay a €40k stemming from their 2006 arrests for illegally accepting wagers from French gamblers.

Two top executive of bwin.party could face fine of 40,000 pounds in France stemming from their 2006 arrests for illegally taking bets from French gamblers, according to clavinayre.com.

The 12th Chamber Correction Court in Nanterre suggested Bwin.party CEO Norbert Teufelberger and director Manfred Bodner each pay €40,000 according to a report in Calvinayre.com. The fines cover bwin’s dealings in France between 2003 and 2005.

The original complaint brought by Française des Jeux and Pari-Mutuel Urbain, resulted in the two men’s arrest in 2006.

Teufelberger and Bodner have long maintained their innocence and bwin.party presently operates licensed gambling sites in France’s new regulated market. Both FDJ and PMU ultimately withdrew their complaints but the court has continued to press the issue, the website reports.

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