Austrian government calls for refund of past 30 years losses

2 Mar 2018

Austrian Gambling Act draft amendmentThe Austrian government is coming up with new and resourceful ways to put an end to international gambling sites offering their services to local punters. A new draft amendment to the Gambling Act has been made by the Ministry of Finance with the intention of further strengthening the digital monopoly of Win2Day, the nation’s official online gambling provider.

Hartwig Löger, the Finance Minister of Austria, wants to put into immediate effect the ISP blocking of all international bookmakers that insist on selling casino products to Austrian customers. Mr Löger intends to achieve this by extending the influence of the Telekom Control Commission (TKK) that will promote the aforementioned regulation.

In addition, the Austrian Finance Minister took that a step further by trying to enable online gambling enthusiasts in Austria to ask for a complete refund  of all their losses during the past 30 years, as casino products they spent their money on were illegal.

He admits to using that technique to force bookmakers outside of Austria to refrain from selling their products to Austrian punters in the face of severe legal consequences.

In response to the Minister’s approach, Claus Retschitzegger, president of the Austrian Association for Betting and Gambling (OVWG) with well-known member companies such as Bet-at-home, Mr Green, Cashpoint, Interwetten, Unibet and LeoVegas, emphasized the group’s intention to take all actions necessary to counter the irrational decision.

Many international companies have offices in Austria as well, such as Bet-Linz, employing Austrian citizens and paying taxes to the state, which makes the adoption of Mr Löger’s approach quite questionable.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS