2 detained Bwin CEOs released on bail
After lengthy questioning, the two joint chief executives of Austrian betting firm Bwin.com - formerly Bet and Win were released on EUR 300,000 bail, an amount to be paid personally.
Manfred Bodner and Norbert Teufelbergerwere were told they could face up to three years in jail if found guilty of violating gaming laws.
The bail will be used to cover any fines that may be imposed, and to ensure that both Co-CEOs will obey any future summons to appear in court. A verdict is expected within a year.
Manfred Bodner and Norbert Teufelberger were detained for questioning by French authorities on Friday over alleged breaches of French gaming laws and were held in custody over the weekend.
They were arrested on Friday as they prepared to give a news conference outlining a sponsorship deal with French Football Club Monaco. The football club confirmed at the weekend that it would maintain its sponsorship arrangements with the Austrian company.
Manfred Bodner and Norbert Teufelbergerwere were told they could face up to three years in jail if found guilty of violating gaming laws.
The bail will be used to cover any fines that may be imposed, and to ensure that both Co-CEOs will obey any future summons to appear in court. A verdict is expected within a year.
Manfred Bodner and Norbert Teufelberger were detained for questioning by French authorities on Friday over alleged breaches of French gaming laws and were held in custody over the weekend.
They were arrested on Friday as they prepared to give a news conference outlining a sponsorship deal with French Football Club Monaco. The football club confirmed at the weekend that it would maintain its sponsorship arrangements with the Austrian company.
posted by Ace In The Hole at 5:41 AM
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