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mybet Holding SE: Hesse Ministry of the Interior and for Sport announces awarding of a sports betting licence to group company of mybet Holding SE

mybet Holding SE  / Key word(s): Miscellaneous

02.09.2014 17:33

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Kiel, September 2, 2014 - The Hesse Ministry of the Interior and for Sport
has today announced its intention to award a licence for the conducting of
sports betting in Germany to Personal Exchange International Ltd., a group
company of mybet Holding SE. The licence will not be issued until September
18, 2014 at the earliest. This delay is intended to give parties whose
licence applications were rejected an opportunity for legal recourse,
potentially with an impact on the granting of the licence to Personal
Exchange International Ltd.

Contact:
mybet Holding SE
Investor Relations & Corporate Communications
Yulia Link
Tel. +49 (40) 85 37 88 47
Fax +49 (40) 85 37 88 30
Mail yulia.link@mybet.com


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Information and Explaination of the Issuer to this News:

Chief Executive Officer Sven Ivo Brinck remarked: 'We are delighted at the
news that our application ranks among the twenty best and that the ministry
intends to grant a licence to our group company. It will necessitate
adjustments within the company that present both opportunities and risks
for our business operations. We also need to bear in mind that those
parties whose applications for a licence have been turned down may appeal
against the decision of the Hesse Ministry of the Interior by way of
interim proceedings. That makes it uncertain whether the licences will be
issued straight away in two weeks' time or only once any such proceedings
have been concluded. It is also unclear whether and subject to what
conditions the competitors whose applications have been rejected may
continue to operate their sports betting range in Germany while court
proceedings are still in progress. We will prepare thoroughly for every
scenario.'

02.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      mybet Holding SE
              Jägersberg 23
              24103 Kiel
              Germany
Phone:        +49 40 85 37 88-0
Fax:          +49 40 85 37 88-30
E-mail:       ir@mybet.com
Internet:     www.mybet-se.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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