In 2006, Betsson (STO:BETSB) sued the Swedish government for damages of
SEK 102 million on the basis that the State back in 1997 improperly
imposed a ban on slot machines which Betsson (former Cherryföretagen AB)
operated. The district court in Stockolm has announced that Betsson lost
the trial despite the fact that the ban was illegal.
"A clear case of court decay. Apparently the state can act outside the
law while the law applies for everyone else.” says Pontus Lindwall CEO
of Betsson in a comment.
Betsson has not yet decided to appeal the ruling or not.
The ruling of the district court is available for download at www.betssonab.com.
BETSSON AB’S OPERATIONS INVOLVE INVESTING IN AND MANAGING COMPANIES
WHICH PROVIDE ONLINE GAMING SERVICES TO END-CUSTOMERS. BETSSON AB OWNS
BETSSON MALTA WHICH OPERATES GAMES THROUGH PARTNERSHIPS AND TOWARDS END
CUSTOMERS VIA WWW.BETSSON.COM,
WWW.CASINOEURO.COM
AND WWW.CHERRYCASINO.COM.
BETSSON MALTA OFFERS POKER, CASINO, CARD GAMES, LOTTERY, BINGO AND
GAMES. CUSTOMERS ARE PRIMARILY FROM THE NORDIC REGION AND THE REST OF
EUROPE. BETSSON AB IS LISTED ON OMX NASDAQ NORDIC MID CAP LIST, (BETS).
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