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monopoly monopoly

Witnesses Unibet end the monopoly of the Danish Government

Unibet has seen the end of Danish gambling monopoly as an opportunity to modernize, to regulate and create a responsible Danish gambling market as the interview with Petter Nylander, CEO Unibet reporters yesterday the mass media.

Denmark, Finland and Hungary have been informed by the European Commission in March last year that the restrictions in these countries have imposed on the markets for sports Paris for each country are not compatible with existing EU legislation on the matter and that its measures to comply with these laws have yet to demonstrate they are necessary, proportionate and non discriminatory.

This might be the wrong end of a record that Unibet has experienced since last year when he was ordered to buy 0005 shares of our common GBP / SDR 's in the company.

As you recall, during the period 11-30 May 2007, 143,900 shares were acquired by Unibet to comply with the request made and the transaction on the Stockholm Stock Exchange. Originally, it was orquestrated achieve added value for the shareholders of the company and enable greater flexibility in its capital structure.

At that time, the options were to cancel or issue under an employee stock option program, but when water began to clear and the company Unibet has been in the verge of solving and decision on the repurchased shares would be made public, the CEO of Unibet has been stopped.

It is while the monopoly of lotteries of France and Paris horse has monopoly PMU against Unibet filed a complaint in 2006 alleging violation of domestic French law of 1836 and 1891 to protect state monopolies.

Of course, Unibet, expressed outrage at the ignorance of the French law the EU and said it was because businesses had to be made under the laws of the EU.

Still issues with the court and the court of ignoring disregard of monopolistic practices by France in its gaming monopoly state-owned Unibet CEO Petter Nylander was arrested in Stockholm, then transferred France to be subjected to criminal proceedings in the strict sense

Well, of course, Unibet was protected by laws that were established in the EU as a union knew and he is convinced that this process, despite the long complicacy and lead to the release of its chief executive, was in fact the case.

Therefore, it is easy to understand the joy and hope that when bathed Unibet Danish monopoly collapsed under pressure from enforcement agencies of EU legislation. Naturally, Denmark, Finland and Hungary are not the only ones who have been warned by the Gaming Commission of the EU, are attached for your Sweden, France, Greece and Germany. While time will tell what the future of the games were state monopolies in those countries and, if Unibet will be able to extend or not.

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