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French Gambling Update
Further details are emerging from Thursday's press conference in Paris on the opening up of the French gambling market .
Budget minister Eric Woerth told reporters at the conference that France will open its gambling market to competition and begin to grant online betting licenses in 2010, seeking to stem 'illegal' gambling and safeguard billions of Euros in tax revenue provided by the industry each year.
The minister said the gambling market in France would be expanded to adapt "to Internet reality" and help France "get out of an unsustainable situation in which the state is losing a growing part of the betting market," the International Herald Tribune reported.
France has been under mounting pressure from the European Commission to open up its state monopolised gambling market in compliance with EU principles.
State monopoly Pari Mutuel Urbain, widely known as PMU, which has the monopoly on horse-racing bets, had annual revenue of Euro 9.3 billion last year, whilst La Française des Jeux, the state-owned monopoly that operates lotteries and sports betting, had similar revenues in 2007, the latest figures to hand.
Woerth said that 'illegal' gambling generates some Euro 7 billion a year, and claimed that there were 25 000 illegal gambling Web sites in France, representing 75 percent of the market.
"Rather than banning 25 000 Web sites, we'd rather give licenses to those who will respect public and social order," he said.
Woerth said his proposal, which will be presented to the French cabinet at the end of the month, will introduce a levy of about 7.5 percent on Internet wagers on sports events and horse races, and of 2 percent on online poker wagers.
Unveiling his long-anticipated plans for online gambling, Woerth said it was "no use denying the reality of online gambling and the expectations of the French people".
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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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