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Betfair: Gambling: French shareholder does some solid lobbying work
The UK online gambling group Betfair is fortunate that one of its major shareholders, Bernard Arnault (he holds around 10 percent of the stock, it is understood) has such good connections in France.
News breaking this week in that country indicates that he has been influential in securing a major 'early bird' advantage for the company - approval by French gaming authorities before the official liberalisation of the market in that country scheduled for early 2010.
The achievement means that Betfair will be in a position to advertise its P2P betting exchange services to French punters, securing an early opportunity to establish itself and its international brand in a potentially powerful market.
Arnault's influence in France is not hard to understand - in addition to his Betfair interests he heads the luxury goods group Louis Vuitton Moet Hennessy (LVMH), and he is one of France’s most successful and respected business moguls.
Latest reports indicate that Betfair will be taxed as required by the French regulatory framework for online betting.
Leander In deal with SkyVegas -
02/07/2012 : Leander Games has agreed to create and develop an exclusive version of the games which will incorporate and reflect the Sky Vegas brand.
ON-PREMISES REMOTE GAMBLING FOR NEW JERSEY? -
02/07/2012 : The publication New Jersey.com reports that state politicians keen to boost the waning fortunes of Atlantic City land casinos are to discuss following the example of Nevada by permitting remote on-premises gambling using mobile handheld devices.
POKERSTARS DROPS MACAU MILLIONS -
02/07/2012 : The postponement of the Macau Millions reported recently has been confirmed by the Pokerstars blog, which announced this week that the project will cease next month for an indefinite period.
RECORD PRICE PAID FOR CARD PLAYER ART -
02/07/2012 : One of a series of five Cezanne impressions of card players painted in the 1890's has changed hands for a record $250 000, reports the publication Vanity Fair.
Vadzim Kursevich wins EPT Deauville main event -
02/07/2012 : After five gruelling days of top level poker and a 12 hour final table, the 24-year-old Belarusian poker ace Vadzim Kursevich has emerged as the winner of the EPT Deauville main event, claiming the top prize of Euro 875 000.
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