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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »

William Hill signed a new sports betting partnership with the NBA and became the official bookmaker of the best basketball league in the world. With t...

Read more »