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FLUXX CEO Rainer Jacken on ECJ ruling: 'State Treaty on gaming can be shelved'

FLUXX AG / Legal Matter

Release of a Corporate-announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Altenholz, March 6, 2007 – The Grand Chamber of the European Court of
Justice (ECJ) in Luxembourg today announced its ruling in the Placanica
case. These proceedings concerned the principles of the freedom of
establishment and the freedom to provide cross-border services in Europe in
respect of the offering of sports betting.

Today's ruling by the ECJ effectively puts an end to state monopolies,
because the offering of gaming across borders from one EU member state in
another may not in future be prevented under either criminal or
administrative law. This also has direct repercussions for Germany's draft
State Treaty on gaming, which as a monopolistic solution does not satisfy
the consequences of this ECJ ruling in either legal or economic terms.

Experts in European law expect the notification procedure at the EU
Commission, which will be continuing until the end of March, to give rise
to further objections to the State Treaty on gaming, which could lead to
infringement proceedings against Germany.

Rainer Jacken, Management Board spokesperson of FLUXX AG, remarked: 'The
verdict from Luxembourg is clear: the yardstick for state monopolies in
Europe is set very high. Seizing on a debate about gambling addiction to
restrict constitutional fundamental rights is not the way to do things. The
present draft State Treaty on gaming has in effect been binned. We now
expect a considered, economically and legally tenable response to this
landmark ruling. A dual State Treaty system for the German gaming market
would be one plausible solution. On the one hand liberalising sports
betting in a controlled manner and on the other hand leaving the successful
lottery market unchanged in legal terms, in the form that it has had under
the 2004 State Treaty – that is a solution that makes sense both legally
and economically.' 

Further information from:

FLUXX AG
Investor Relations & Corporate Communications
Stefan Zenker
Tel.: +49 40 853788–47
Fax: +49 431 88104–40
email: stefan.zenker@fluxx.com 



DGAP 06.03.2007 
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Language:     English
Issuer:       FLUXX AG
              Ostpreußenplatz 10
              24161 Altenholz Deutschland
Phone:        +49 (0)431 88 104-0
Fax:          +49 (0)431 88 104-40
E-mail:       info@fluxx.com
www:          www.fluxx.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Indices:      
Listed:       Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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