Contact us
About 20topcasinos |
|
BWIN SHARES DIP ON FIRST DAY OF RESUMED TRADING (Update)
(483) (20-September-2006)
Declines of up to 17 percent reported in Vienna
Reuters reports that the weekend detention in France of two top executives
from the Vienna listed betting company Bwin inevitably led to a decline
in the share price when trading resumed on Tuesday this week.
Bwin shares slid 17 percent when trading resumed after co-CEOs Manfred
Bodner and Norbert Teufelberger were released on bail but warned that
they could face charges under French gambling laws (see previous InfoPowa
reports)
A court in Nanterre, France, will decide by the end of the year whether
to formally charge the company, Bwin said. The stock, which had been suspended
since Friday, fell Euro 4.37 to Euro 21.28.
Separately, the French budget minister, Jean-François Copé , said
he wanted to introduce "more severe sanctions" for gambling companies
that advertise illegally in the country. The Bwin executives were arrested after
announcing a deal to sponsor the Monaco soccer club, which plays in the top French
division. |
|
