888 challenges german federal court services restrictionby Joker 09.04.2018 0 comments
Issuing a corporate statement, 888 Holdings has moved to challenge Germany’s Federal Administrative Court (Bundesverwaltungsgericht) ruling upholding online gambling service restrictions.
Through one of its affected group subsidiaries, 888 is set to undertake its appeal against the Bundesverwaltungsgericht ruling which upheld an order prohibiting the provision of online gaming services in the German state of Baden-Württemberg (southwest, upper Rhine).
“After consulting with legal counsel, the Group’s subsidiary has filed a constitutional complaint with the German Federal Constitutional Court in which it has asserted its position that the ruling of the German Federal Administrative Court infringes its constitutional rights, as well as its rights under EU law (including the freedom to provide services), and hence should be reversed” details the operator in its market update.
Publishing its full-year 2017 results this March, 888 governance had alerted investors of its German market concerns.
For its 2017 trading, 888 governance booked a $45 million penalty charge related to VAT charges attached to its German market activity prior to 2015.