• Language:

Press Releases

FLUXX welcomes resolution by state parliament in Kiel on gaming State Treaty

FLUXX AG / Miscellaneous

Corporate news transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

FLUXX welcomes resolution by state parliament in Kiel on gaming State

Altenholz/Kiel, November 30, 2006 – The plan by the Prime Ministers of the
German federal states to ratify the controversial State Treaty on gaming as
early as December 13 is on the verge of collapse. With the support of all
parliamentary groupings, the state parliament of Schleswig-Holstein today
passed a resolution to postpone the decision on the redrafting of the State
Treaty on gaming. The state parliament called unanimously on Prime Minister
Peter Harry Carstensen to argue for a postponement of the decision at the
Prime Ministers' Conference on December 13, as a considerable number of
legal aspects remain to be clarified. Since all 16 state leaders need to
vote unanimously for it to go ahead, the treaty will not be ratified on
December 13.
Last week, the Financial Committee of the state parliament pointed out in a
motion that the scheduled State Treaty in all probability violates EU law.
It stated that it is necessary to await the ruling by the European Court of
Justice on sports betting and lotteries early in 2007 and the evaluation of
the hearing held following the last Prime Ministers' Conference, involving
the companies and associations affected. The parliament supported the
motion unanimously.
FLUXX AG welcomes the resolution by the state parliament. Board member
Mathias Dahms commented: 'We urgently recommend the parliaments of the
other federal states now likewise to take time to study EU law in depth.
Because Schleswig-Holstein is absolutely spot on with its assessment that,
as it stands, the State Treaty on gaming would be torn to shreds by the EU.
The states would then be faced with costly infringement proceedings and
significant compensation claims.'

Stefan Zenker
tel. +49 40 85 37 88 47
mail: stefan.zenker@fluxx.com

DGAP 29.11.2006 
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
Listed:       Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
End of News                                     DGAP News-Service