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Internet bookie bwin loses German court case

VIENNA -- As reported by Reuters: "Internet bookmaker bwin.com has lost a regional court case in the aftermath of Germany's crackdown on online betting, Germany's state lottery said on Thursday, sending bwin shares down 7 percent.

"In the case before a Cologne court, bwin had requested suspension of the immediate execution of a ban on Internet gambling issued by Germany's states, pending a Federal Court ruling on the issue.

"The Cologne court rejected the suspension request, the state lottery in the state of North-Rhine Westfalia, Westlotto, said in a statement. Bwin now faces fines if it does not oblige the ban, the lottery said.

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