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French Gambling Declining

Unless the French national economy improves by January 2010, when the liberalisation of that country's gambling market is planned, the rewards may not be as great as anticipated. According to the Paris-based statistical group Insee - the National Institute for Statistics and Economic Studies - French consumers cut spending on everything from restaurants to gambling last year as inflation and an economic slump took their toll.
 
Gambling experienced one of the largest drops in expenditure, which fell 5 percent, the first drop since 1986. Lottery games were particularly hurt by the falling number of customers at cafés, where gambling is often available, Insee reported. 
 
Shoppers, the main contributors to the euro-region’s second-largest economy, increased spending at the slowest pace in 11 years, the report revealed.
 
France’s economy slipped into recession in the third quarter and unemployment is the highest since 2006. While the government expects welfare payments and state aid to buoy spending, households are likely to keep to grip on consumption, reports Bloomberg business news.
 
“Spending is going to suffer,” Insee’s chief forecaster Eric Dubois told the news service this week. While he still expects consumption to increase this year, “superfluous” spending and “expenses that are the easiest to postpone” may be the first to disappear, he said.
 
The French government expects the economy to contract 3 percent this year before expanding 0.5 percent in 2010. It expects consumer spending to increase 0.3 percent in 2009 and 0.7 percent next. Consumers added 0.5 percent to growth in 2008, when the economy expanded 0.4 percent, Insee said.
 
The statistics contrast sharply with AAMS statistics from Italy  which show gambling revenues still in the 10 percent range of increases.



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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