Bwin.Party Co-Founder Norbert Teufelberger Detained in Belgium
Norbert Teufelberger, co-founder of the world’s largest online betting firm Bwin.Party, was detained while visiting Brussels, Belgium on Tuesday.
Teufelberger was in attendance at the Responsible Gaming Day conference in that European nation, home to the European Union, when authorities came and requested he come with them for questioning after the event at 2 pm local time. Teufelberger did go voluntarily, a company representative confirmed.
Bwin.Party related websites have been blacklisted in Belgium despite the company’s assertion that it operates within the realm of EU rules allowing fee e-commerce among its member nations.
In a statement the company said: "He complied voluntarily with this request and is co-operating fully with the authorities. We will issue further details in due course."
A spokeswoman for the public prosecutor said Bwin had previously been asked to come to Brussels, but didn't do so. Authorities then acted after they became aware that Teufelberger would be in Brussels on Tuesday.
Bwin.party's share price had dropped 2.71 shares in the minutes immediately following the announcement.
- Chris Costigan, Gambling911.com Publisher
