Austrian Lotteries Get Long Term Licence


Österreichische 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.

Österreichische 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 Österreichische Lotterien GmbH (Austrian Lotteries) has been providing its offering to Austrians for the past twenty-five years.

Bingo Games General Bingo News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

2mins ago someone from us flag United States read article Illegal Bingo Operation Raided in Alabama

Bingo Community

Share this page on:
Follow LBB on:
Follow LBB

Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.

In the last 24h

Totals

  • New Members
    2
  • Members Online
    13
  • Guests
    991


eighteen plus only

Follow LBB on Facebook Follow LBB on Twitter Follow LBB on Pinterest Follow LBB on Google plus

DON'T MISS OUT!

Subscribe to our newsletter and get access to tournament codes, the biggest and best exclusive offers, new brand alerts, rogue reports and more!

Enter your email adress:

T&C's Apply. 18+


You have been successfully subscribed to receive LBB newsletter!