Bwin CEO Arrested in Brussels

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Norbert Teufelberger

The Bwin.Party CEO, Austrian Norbert Teufelberger, was detained for questioning by the Belgian authorities after a speech at a gaming conference in Brussels yesterday afternoon.

After interrogation Teufelberger was released although he must report back next month.

In the mean time, he must ask his board of directors to take the decision to immediately stop all illegal activities in Belgium.

Since the new law on gambling came into effect, companies that want to offer online gambling in Belgium must also be physically present in Belgium with either a casino or a bookmakers. According to the Gaming Commission, which blocked Bwin's website in April, the listed company has twice since circumvented the ban.

Bwin, established in Gibraltar and operates solely online, ended up on a black list of gambling sites which are prohibited in Belgium resulting in the access to their illegal site being blocked. Bwin bypassed this boycott by allowing its players to reach their website through other URL(s). Due to these practices, Teufelberger was asked to attend an interview in Brussels but did not show up.

Norbert Teufelberger single handedly built Bwin into a company with 1,200 employees. Every day, half a million people gamble via the site Bwin. Since 2005, the company has been listed on the London Stock Exchange. After the merger in 2011 with PartyGaming, the value of Bwin.Party, as the company was renamed, is estimated to be $ 8,000,000,000.

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