Brief: Bet-at-home.com Says Decides To Temporarily Discontinue Offering Online Casino In Austria

bet at home com AG

18/10/2021 21:45

Oct 18 (Reuters) - bet-at-home.com AG  ARTG.DE :
    * DGAP-ADHOC: BET-AT-HOME.COM AG: COMPANY DECIDES TO
TEMPORARILY
DISCONTINUE OFFERING ONLINE CASINO IN AUSTRIA AND TO RECOGNIZE
FURTHER PROVISIONS DUE TO PLAYER LAWSUITS FOR REPAYMENT OF
GAMING LOSSES
    * BET-AT-HOME.COM- DECISION ON ANY RESUMPTION OF ONLINE
CASINO
OFFERING IN AUSTRIA WILL BE MADE IN FUTURE DEPENDING ON
DEVELOPMENT OF LEGAL FRAMEWORK
    * BET-AT-HOME.COM - BOARD TO RECOGNIZE FURTHER PROVISIONS
FOR
CUSTOMER LAWSUITS FOR REIMBURSEMENT OF PLAYER LOSSES PENDING IN
AUSTRIA TO DATE
    * BET-AT-HOME.COM AG - NOW UNCLEAR WHETHER BET-AT-HOME.COM
AG
GROUP WILL BE ABLE TO ENFORCE ITS LEGAL OPINION IN AUSTRIAN
COURTS IN FORESEEABLE FUTURE
    * BET-AT-HOME.COM AG - PROVISIONALLY EXPECTS GROSS BETTING
AND
GAMING REVENUES OF BETWEEN EUR 93 MLN AND EUR 98 MLN FOR CO
GROUP IN FY 2021
    * BET-AT-HOME- ASSUMES GAMING LEVIES AMOUNTING TO 40% OF
RELEVANT
AMOUNTS WILL HAVE TO BE REFUNDED TO CO ON PLAYER LOSSES TO BE
REIMBURSED
    * BET-AT-HOME.COM AG - PUBLICATION OF CONSOLIDATED QUARTERLY
STATEMENT FOR Q3 OF 2021 WILL BE POSTPONED TO A LATER DATE TO BE
NAMED AT SHORT NOTICE
    * BET-AT-HOME.COM AG  ARTG.DE  -  EXPECTS NEGATIVE EBITDA OF
BETWEEN EUR -14 MLN AND EUR -10 MLN IN FISCAL YEAR 2021 

Source text for Eikon:  ID:nEQ7Bdcl1a 
Further company coverage:  ARTG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))