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Changes To French GAMBLING Law To Exclude betting Exchanges
10/9/09 - The French draft law to liberalise the gambling industry in that country is currently being debated by the National Assembly , but news of late amendments to the draft is unlikely to please online betting exchange giant Betfair.
The surprise amendment to the new gambling laws effectively bans betting exchanges, reports The Guardian newspaper in the UK, and this could have implications for other countries like Britain, where sporting bodies are known to be hostile to the betting exchange concept and may lobby for similar legislation.
Sports administrators, including the England and Wales Cricket Board's chief executive, David Collier, and his counterpart at the British Horseracing Authority, Nic Coward, last month met the sports minister, Gerry Sutcliffe, to advance their case.
Betfair, which has over 2 million punters on its books, has described the amendment as 'discriminatory.'
France's new law draft apparently requires not only that operators be licensed, but that the successful companies also agree to pay almost 2 percent of revenues to the improvement of anti-corruption measures in sport. Operators will also be expected to negotiate separate licences with each sport they want to offer bets on.
Online betting exchanges will not be able to apply for one of the new licences after it was ruled that allowing punters to lay bets contradicted this principle.
Passing the amendment, the French parliament referred to a British report that 9.8 percent of punters using betting exchanges developed gambling addictions, compared to a rate of between one and three percent among the general gambling population.
Betfair's managing director, Mark Davies, told The Guardian: "We will consider our position. It is fairly clearly discriminatory against the biggest and most competitive online operator in Europe. It is a slap in the face for the consumer."
The company also disputes the figures in the report, which it said were based on such a small sample that they were close to meaningless.
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Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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