Monday, July 23, 2007

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Unibet sued for $36 million

By Henrik Nilsson-Dahlbom

The online bookmaker Unibet is getting sued by ATG, a Swedish government-owned horse-betting company. ATG is accusing Unibet of stealing information from its horse racing database.

According to ATG, Unibet has been using information from the company's database without permission since 2000. The horse racing company claims to have contacted Unibet on the matter in 2004, but the two competitors never reached an agreement.

But now ATG is taking the matter to court, suing Unibet for $36 million. This sum is said to be 10% of the money that Unibet has made on horse betting since the company started to use the information from the database.

The cost for ATG to build the database was more than $30 million and the company claims that Unibet never would have been able to provide horse betting without the information in it.

A spokesperson for ATG says that they believe that they have a good chance to win in court in accordance with rulings in similar cases both in Sweden and the European Union.

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