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Tipico CEO Axel Hefer leaves as Banijay completes €3bn acquisition

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Axel Hefer has left his role as chief executive of Tipico, which operates in Germany and Austria, reportedly following Banijay Group’s completed €3bn acquisition. Mate Bacic is lined up to succeed him, according to reports.

The leadership change affects Tipico’s management as ownership shifts to Banijay Group.

End-of-day close Banijay Group (BNJ), EUR, to 8 June 2026
Story date10 March 20268 June 2026

Latest reported results

Banijay Group Euronext Amsterdam: BNJ

Quarter ended 30 June 2026

Revenue
EUR 1.44bn

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Regulation

German and EU courts open path for players to reclaim billions in losses

German and European courts have opened the way for players to sue online gambling operators to recover losses incurred between 2008 and 2021, when online betting was illegal in Germany, citing Deutsche Welle. The Stuttgart Higher Regional Court ruled in September 2025 in favour of a Baden-Württemberg player against Malta-based Tipico Games. The BGH is expected to rule in January 2027.

German and European courts have opened the way for players to sue online gambling operators to recover losses accumulated between 2008 and 2021, when online betting was illegal in Germany, citing Deutsche Welle. The main targets are foreign companies that operated in the country without a local licence. Compensation could reach billions of euros, according to the report.

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