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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."
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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