DGAP-News: Tipp24 AG (english)

Jun 8, 2007 8:52 PM

Tipp24 welcomes clear decision by OLG Dusseldorf Tipp24 AG / Legal Matter 08.06.2007 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Planned lottery state treaty violates anti-trust and European law (Hamburg, 08.06.2007) On 8th June 2006, OLG Dusseldorf confirmed the 23rd August 2006 decision by the Federal Cartel Office, according to which the Deutsche Lotto- und Totoblock (German Lottery and Toto Group) group treaty violates EC law. Particularly the regional restrictions are obviously unlawful. The implementation of the prohibition of regionalisation mainly affects the core statements within the planned gaming state treaty. The European Commission had also already informed the German states directly in two separate letters that the planned lottery state treaty violated fundamental market freedoms allocated by the European Union and European anti-trust laws. Now this has also been confirmed by the Oberlandesgericht (Higher Regional Court), which has confirmed the current legal position where the regionalism principle - the formal restriction of lotteries to their relevant state - violates European anti-trust law. Jens Schumann, CEO of Tipp24 AG: 'This principle was meant to be a central element of the new gaming state treaty. Now that the higher regional court has confirmed the Federal Cartel Office's decision, this is no longer an option. We see this as a clear signal for the future of the German lottery market.' Germans and EU citizens can take part in any lottery of a country, regardless of where the people happen to be located. The national lottery companies are not permitted to restrict acceptance of internet bets and other lottery bets to those made by residents within their own countries. About Tipp24 AG: Tipp24 was established in 1999 and is now the market leader for lottery products in the Internet on the basis of billings. The company has succeeded in achieving impressive growth rates right from the start. Almost all state lottery products are supplied. It only takes a few mouse clicks to buy a lottery ticket - round the clock, quickly and anonymously. The ticket receipt is kept safely, winners are notified about their prizes automatically by text message and e-mail and prizes are credited automatically. Subsidiaries of Tipp24 (www.tipp24.de) are Ventura24 in Spain (www.ventura24.es) and Puntogioco24 (www.puntogioco24.it) in Italy. Press Contact Tipp24 AG Andrea Fratini Head of Media and Public Relations Tel.: +49 (0)40 32 55 33 - 660 E-mail: presse@tipp24.de Internet: www.tipp24.de/presse/ DGAP 08.06.2007 --------------------------------------------------------------------------- Language: English Issuer: Tipp24 AG Straßenbahnring 11-13 20251 Hamburg Deutschland Phone: +49 (0)40 325533-0 Fax: +49 (0)40 325533-77 E-mail: office@tipp24.de www: www.tipp24-ag.de ISIN: DE0007847147 WKN: 784714 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------------- Weitere Informationen: www.dpa-AFX.de