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French national lottery operator has record year
01/05/2012 : 2011 a record year
72 percent State-owned French national lottery operator Française des Jeux (FdJ) has ended its year on a high, reporting turnover of Euro 11.4 Billion, an increase of 8.4 percent over 2010.
The firms’ strong performance is largely attributed to lottery, bolstering poor results from its online sports betting arm who recorded a decrease of 15 percent, and instant games continuing its downward trend with sales falling by 8 percent compared to 2010.
In related news, FdJ's monopoly was confirmed with two recent rulings handed down by the highest administrative court in France; Conseil d'Etat based on a request for cancellation of two orders within the lotteries/gaming Acts of 1978 and 1985.
The action was brought before the court by StanleyBet who seeks to operate betting shops in France and Bwin.party digital wanting to operate online games in the French market.
Coming to its determination, the State Council cited a recent EU court ruling that said "to ensure a particularly high level of protection of consumers, gambling can be justified in considering that only the grant of exclusive rights to a single subject to tighten the control of public authorities is likely to help control the risks 'and' pursue an effective policy against excessive gambling." (See previous InfoPowa report).
The State council also noted that FDJ's promotion and advertising budget is capped at 1 percent of its revenue budget and limits the risk of addiction by setting a rate of return to players "at a level significantly lower than other gaming operators."
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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