Mybet wins German court ruling on lottery sales provisions

The Higher Regional Court of Dusseldorf has ordered lottery operator Westdeutsche Lotterie (WestLotto) to pay Mybet Holdings damages of €11.5 million plus interest, as Mybet Holdings won its court hearing regarding its prevention to sell lottery goods in German supermarket chains and petrol stations.

WestLotto a government licensed independent lottery supplier, had order an injunction to stop the operator from selling over the counter goods in German retail stores. Mybet would proceed to take the lottery operator to German High Courts, claiming the injunction to be unfair and benefitting the lottery operator in creating a sales monopoly for its products.

The court case between the two operators had dragged for more than six years, as German business and municipal courts have tried to find a ruling. Today the Higher Regional Court of Dusseldorf ruled in favour of the Mybet Holdings, operators of German sports betting and lottery products.

The Court of Dusseldorf stated that its decision was final, and could not be appealed by WestLotto, however German news sources have commented that the operator may have the option to take its case to the Federal Supreme Court.

New of the positive court ruling, have aided Mybet Holdings share value, which saw the company gain a 20% uplift. The reward of the court ruling comes as much needed positive news for the German focused operator, who suffered a poor 2013, posting loses of €5.4 million (£4.46 million).

The company is yet to comment publically on the court ruling.