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bet-at-home.com AG Group announced on Monday that it will temporarily discontinue its offering of online casino in Austria, and recognize further provisions due to player lawsuits for repayment of gaming losses. The Management Board decided during a Monday meeting with the Supervisory Board to put the online casino offering in the country on hold.
Bet-at-home will stop offering its online casino product to Austrian customers, after determining that continuing to do so “would lead to a steadily increasing risk potential that appears indefensible overall” due to legal questions. The decision is related to a legal case in Austria in which a ...
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Discontinuing its Austrian online casino services, bet-at-home has lowered its projected corporate revenues to a range of €93-to-€98 million, as it anticipates a 2021 EBITDA loss of €10-to-€14 million – accounting for expenses of €24.6 million in connection with the Austrian customer lawsuits.