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Betting companies prepare to take legal action against German monopoly on gambling

FRANKFURT -- As reported by Thomson Financial: "Online betting companies including BWIN Interactive Entertainment AG and Fluxx AG are gearing up to file a legal complaint against Germany's state monopoly on lotteries and most forms of betting, law firm Hambach & Hambach head Wulf Hambach told Die Welt newspaper.

"Hambach said he represents about 20 of the world's biggest betting companies, according to the newspaper. Germany's states earlier this month ratified an accord solidifying their monopoly on lotteries, online gambling and most forms of sports betting in Germany. The accord will effectively ban private betting companies from operating in the country from tomorrow…"

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