Online lottery brokerage allowed

Mar 03, 2011 5:01 PM

Tipp24 SE / Key word(s): Legal Matter

03.03.2011 / 16:01

Online lottery brokerage allowed
* Advertising bans repealed
* No permission required for brokerage

(Hamburg, 3 March 2011) The online brokerage of state lotteries requires no
permission. This was the verdict of the Administrative Court of Chemnitz on
3 March 2011. The ruling also states that advertising for lottery products
is permitted. The court thus upheld in full the complaint brought by Tipp24
SE.

The court also overruled the regionality principle, under which Germany's
states decide at federal level on permissions for lottery brokerage and
force brokers to submit lottery tickets only to the respective state
lottery companies. This means that the brokerage of lottery products is
once again possible, as in the time before the current State Treaty on
Games of Chance (Glücksspiel-Staatsvertrag - GlüStV).

Dr. Hans Cornehl, CEO of Tipp24 SE, states: 'This decision is a clear
signal for Germany's politicians. Following the verdicts of the
Administrative Courts of Berlin and Halle, a third court has now fully
repealed key restrictions of the State Treaty on Games of Chance. A
complete success for us. The Minister Presidents of all Germany's states
should also take this decision into consideration.'

Germany's state premiers are currently discussing a revised version of the
GlüStV, which is expected to come into force in 2012.

In September 2010, the European Court of Justice (ECJ) had declared
Germany's gambling regulations as inapplicable due to a lack of coherence
and consistency. The ECJ questioned the current reasoning for Germany's
lottery monopoly, which cites the potential dangers of addiction. As a
consequence, the Administrative Court of Halle surveyed all of Germany's
guardianship courts and around 100 addiction clinics on the importance of
lotteries with regard to gambling addiction. In his evaluation of the
results, Prof. Dr. Stöver, Director of the Institute for Addiction Research
at the University of Applied Science Frankfurt am Main, came to the
conclusion that there was de facto no such thing as lottery addiction.

A written verdict is not yet available. Appeals are permitted.

Press contact:
Tipp24 SE
Kerstin Mork
Media and Public Relations
Tel.: +49 40 32 55 33-661
E-mail: presse@tipp24.de
Internet: www.tipp24-se.de/presse/

About Tipp24 SE: Tipp24 SE (formerly Tipp24 AG) was founded in September
1999 and holds equity interests in a number of companies in Spain, Italy
and the UK, which enable participation in lottery-based games via the
Internet, especially via the websites www.ventura24.es, www.giochi24.it,
www.mylotto24.co.uk and www.tipp24.com. In Germany, Tipp24 Entertainment
GmbH operates the games platform www.tipp24games.de. From its foundation to
the end of 2008, Tipp24 SE brokered tickets worth over 1.5 billion euros to
the state lottery companies - in recent years over 330 million euros
annually. Following its successful IPO in 2005 (Prime Standard), the
company was admitted to the SDAX index in June 2009 and has been trading as
a European public limited company since December 2009.


End of Corporate News

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Language:    English                                               
Company:     Tipp24 SE                                             
             Straßenbahnring 11                                    
             20251 Hamburg                                         
             Deutschland                                           
Phone:       +49 (0)40 325533-0                                    
Fax:         +49 (0)40 325533-77                                   
E-mail:      office@tipp24.de                                      
Internet:    www.tipp24-se.de                                      
ISIN:        DE0007847147                                          
WKN:         784714                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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