Published: September 03, 2010

Betsson AB: Betsson Loses a Court Case

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STOCKHOLM - (BUSINESS WIRE) - In 2006, Betsson (STO:BETSB) sued the Swedish government for damages of SEK 102 million on the basis that the State back in 1997 improperly imposed a ban on slot machines which Betsson (former CherryfÃ¶retagen AB) operated. The district court in Stockolm has announced that Betsson lost the trial despite the fact that the ban was illegal.

"A clear case of court decay. Apparently the state can act outside the law while the law applies for everyone else." says Pontus Lindwall CEO of Betsson in a comment.

Betsson has not yet decided to appeal the ruling or not.

The ruling of the district court is available for download at www.betssonab.com.

BETSSON AB'S OPERATIONS INVOLVE INVESTING IN AND MANAGING COMPANIES WHICH PROVIDE ONLINE GAMING SERVICES TO END-CUSTOMERS. BETSSON AB OWNS BETSSON MALTA WHICH OPERATES GAMES THROUGH PARTNERSHIPS AND TOWARDS END CUSTOMERS VIA WWW.BETSSON.COM, WWW.CASINOEURO.COM AND WWW.CHERRYCASINO.COM. BETSSON MALTA OFFERS POKER, CASINO, CARD GAMES, LOTTERY, BINGO AND GAMES. CUSTOMERS ARE PRIMARILY FROM THE NORDIC REGION AND THE REST OF EUROPE. BETSSON AB IS LISTED ON OMX NASDAQ NORDIC MID CAP LIST, (BETS).

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