17th of October 2011 Author: Glo Wood
Ã–sterreichische Lotterien GmbH may continue its offering
Austria's Federal Ministry of Finance has completed its tender process after inviting all parties interested in applying for a lottery licence.
The lottery license allows for the provision of games of chance and includes Lotto, Toto, Bonus Game, instant lotteries, class lotteries, numbers' lottery and numbers' games, electronic lotteries, bingo and keno.
Ã–sterreichische Lotterien GmbH has been awarded the licence valid for fifteen years, effective October, 1 2011. Finance State Secretary Andreas Schieder said that due to Austrian Gaming Law's minimum requirements not being met, three of four applications failed.
Government legislation has strict regulations pertaining to this particular licence with prerequisites including unproblematic ownership structures, effective oversight processes and applicants having clear equity of Euro 109 million in order to enable the fulfillment of obligations to winners.
It is important to underline that Ã–sterreichische Lotterien GmbH (Austrian Lotteries) has been providing its offering to Austrians for the past twenty-five years.
Bingo Games General Bingo News
11th of September 2018
7th of May 2018
14th of November 2018
13th of November 2018
12th of November 2018
18th of September 2018
6th of October 2018
23rd of September 2018
20th of September 2018
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
Disclaimer Contact Us Privacy Terms and Conditions Gambling Help About Us Site Map Trusted Portals
LatestBingoBonuses.com © 2006-2018
Enter your email adress:
T&C's Apply. 18+
Do not show this again
You have been successfully subscribed to receive LBB newsletter!