Internet gambling operator Bwin's motion to suspend a case before the German Federal Court of Justice has been denied.
German lottery operator Westlotto initiated legal proceedings against Vienna-based Bwin in 2004 to prevent the company from advertising and operating in the country. In February 2006, Westlotto was awarded a decision that effectively stopped bwin from operating in Germany. It sought to have the decision enforced before a final appeal ruling expected next year.
The case continues, and bwin says that if it loses on appeal, "any penalties that may be imposed as a result of enforcement orders could have a material adverse effect on the company's results."
But bwin says it remains confident it will win the case, adding that it will continue to offer services in Germany via its bwin.com and bwin.de domains. Bwin.de, moreover, operates under a German license and is not party to these proceedings, the company said.
Bwin's shares fell 7 percent Monday due to Friday's news of the motion's dismissal.