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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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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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