4 months ago
It may be, but others have also suspended some providers until the money flow starts again
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Execution Pokerstars. Apparently, payment is not voluntary (page 111)
4 months ago
They probably expected a shorter time until the OC was paid.
Nobody has anything to give away; economic interests come first.
I still trust the contracts with the PKF's
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4 months ago
Big players like bet365 tipico or bwin cannot and will not go bankrupt. They are simply too big entrepreneurs. For example, bet365 (Hillside Sports ENC) signed a sponsorship contract with the UEFA Champions League last year for three years.
It is almost certainly impossible to simply liquidate such providers.
These big players will and must pay. It is clear that they want to delay it as much as possible in order to pay as little as possible. Keywords: statute of limitations on claims, uncertainty among potential plaintiffs, lack of money from litigation funders.
Even if the providers are solvent, they naturally think economically.
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4 months ago
Good Morning !
Well, the statute of limitations for claims is interrupted when the lawsuit is filed. Of course, anyone who has already filed a lawsuit no longer needs to worry about the statute of limitations. The longer it takes, the more interest and interest. And you are absolutely right, the big, really big, companies cannot afford to go bankrupt because their shareholders would storm the place. With the small companies, it is very possible that they would not survive financially alone and would therefore go bankrupt beforehand if the claims exceeded their own funds, I think.
Best regards
Edited
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4 months ago
Of course there are interest charges, but many will still accept settlements when the proceedings are resumed (sustainable effect). The suspension of many proceedings has also stopped the flow of money flowing back to the PKFs. Ergo: new lawsuits are stopped, as is uncertainty among some who had planned to file a self-financed lawsuit. Things are going well for the providers at the moment, as they are gaining time and there are many impatient/uncertain (potential) plaintiffs. I don't exclude myself from this either, I have been involved since 2022 and would also like to see an end. ??
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4 months ago
But when you say comparison, you only mean those that do not concern the execution proceedings, right?
Basically, those that are only currently relevant in Germany or where no execution has yet begun?
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4 months ago
Unfortunately, I don't know exactly how things work in Austria, and I've only recently read through the topic here, which is mainly about Pokerstars (in my case, it's about other, sometimes large, providers) where there are already proceedings in the Maltese court(?).
I have judgments myself, some suspended proceedings and a few that are currently ongoing. However, a settlement offer would be possible on any point. For some of the judgments that I have (none in execution yet, since Bill 55 came into effect), I would still accept a settlement. Simply because the provider has since restructured and in the worst case scenario I won't see any money at all. For other ongoing proceedings (e.g. Bwin, Tipico, ...) I will wait and see, as I think a total loss is unlikely here for exactly the reasons that other users have mentioned.
Edited
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4 months ago
I spoke to my litigation funder yesterday.
They still don't have anything new.
I asked if the big players could go bankrupt and they said anything is possible, although it is unlikely.
Back then, big players who they knew had a lot of money also filed for bankruptcy.
It depends on whether they let the money disappear abroad while we wait so that it is no longer accessible.
They also said that it could take another 6 months or 2 years.
Conclusion: The litigation funders are very optimistic but anything can happen.
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1
4 months ago
It does something...
In Austria too, PKFs are disappearing and then all opportunities are gone... including our chance of getting the money.... Someone has a new company in Slovakia, is it still going well??? It's not just the OCs that are letting us down. Only the lawyers have won, they already have their money.
OCs are going bankrupt and closing down one after the other, so we can forget about all the judgements... many are no longer accessible online in Austria. So yes, a lot is happening...
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4 months ago
Bin at padronus
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4 months ago
OK
yes at least you get some information.
my assistants have been giving me the same unnecessary information for 3 years
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4 months ago
No, he really took a lot of time with me and explained everything in detail.
He said they are waiting for the decision from the ECJ and the EU Commission has been examining it for 18 months.
And even if a decision comes from the ECJ and the EU Commission, they don't even know whether Malta will continue to refuse despite the ruling and withdraw the ruling.
I also received an email from my pkf a month ago.
Good day ......,
We are currently receiving a lot of inquiries about the current status of the respective casino proceedings. In principle, you will be informed of any relevant news by us or your legal representative.
If your case status is Suspended, Final, Execution Fee or Execution, the following applies to you:
Adjourned means that your court has stayed the proceedings to await the conclusion of a similar case decided by a higher court. It is reasonable to assume that your court will follow the higher decision. We cannot currently say when this decision can be expected.
Final, Execution Fee and Execution means that your case was won in court. This means that the casino should pay back your losses, but does not do so.
Most casino operators that have their headquarters in Europe are based in Malta. Malta has passed a law called "Bill 55" that protects casinos and means that foreign court rulings are not valid in Malta. As a result, there is currently no way to get the casinos' money (through execution, etc.)
In our opinion and that of many lawyers, this law contradicts European law. The European Court of Justice (ECJ) is currently examining the Bill 55 law in Malta and will then make a ruling on whether it should remain in place or should be overturned. We believe that Bill 55 should be repealed and that casino operators can then be forced to pay back their losses.
As to the big question of WHEN the ECJ will decide, we can only say that we do not know. It cannot be ruled out that this could drag on for several years. Therefore, we can only advise you to remain patient, as this affects thousands of plaintiffs and everyone has to wait.
If the judgment is final, the enforcement fee is payable and the execution is executed, your claims do not expire. If the judgment is suspended, the statute of limitations is at least suspended.
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4 months ago
I think that's great, at least that's honest. Every time my lawyer just says, yes, he's got 18 months and blah blah. And then three years have passed and nothing, because the proceedings haven't even started.
It seems to me that they have only been pretending for a while and hoping that the ECJ would finally get involved.
apparently they didn't manage it for a while...
Thanks for the email
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4 months ago
I'm really looking forward to the next video from G&L.
Many lawyers expect a decision from the ECJ at the end of 2025 or the beginning of 2026.
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4 months ago
Please
I think g&l will only release another video when there is something positive.
Haven't you noticed yet, 9 videos and never were the negative things mentioned that happen in the background.
At the moment there are only negative things circulating and that's why there are no videos.
Just look at the comments on YouTube, they don't even want to address that.
E.g. casino papers, Malta rulings in February, PKF going bankrupt, EU court hearing, tax office taking taxes from the casinos, nothing is discussed, only the positive things are brought up, yes we are now at the EU court, yes Malta has finally issued a ruling, we are suing in other EU countries, they are not allowed to tell you, they want to surprise the casinos.
I would like everything to be said openly and honestly, both negative and positive.
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4
4 months ago
The events that can be read about online are all pretty negative. Unfortunately, nothing will happen any time soon.
TSG won't pay any time soon! Corruption in Malta is probably the number one issue. I'm already at my wits' end.
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4 months ago
Do you actually consider lottoland and mr.green to be among the big or small ones?
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4 months ago
According to my pkf, MrGreen is the largest and longest online casino in the world.
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4 months ago
I am suing N1Interactive, so this doesn't look good at all ??
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