Friday, 24. October 2014
08. 10. 12. - 15:00
An online casino based in Malta has been ordered to pay back more than 1 million euros to an Austrian gambler after a court ruled that the online firm did not have a proper licence to operate.
The move which is now backed by a High Court ruling in Austria could mean a flood of similar legal actions against online casinos operating in Europe that may not have proper licenses.
The legal action started after the 40-year-old man's employer discovered that he had been stealing from the firm in order to fund his habit.
The court heard that the Austrian had realised he had a gambling addiction and have had himself barred from Austrian online platforms but had then decided that his addiction was too large to overcome and he had started gambling with the Malta based company.
Unable to fund his habit from his earnings he had turned to fiddling the books at the company he worked for in Linz in Austria and between June 2010 and April of last year he spent more than €1 million.
A court in Graz backed lawyers for the firm which demanded the money be returned because of the fact that the Maltese company did not have a licence – and now an Austrian High Court has backed the lower court decision and ordered the money refunded.
In the meantime the man has not been sacked from the company he stole from – he has been allowed to carry on working so that he can pay off the debt.
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