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FRENCH STICK TO THEIR GUNS ON GAMBLING LAW
The French Budget Minister, Eric Woerth, presented his draft law for the liberalisation of gambling to the Finance Committee of the French Parliament this week as planned, but his insistence on ignoring protests and refusing to change the maximum payout percentage ratio provisions will not go down well with operators or the European Commission, which found earlier this year that the draft did not comply with EU law.
Media which had sight of the draft indicate that it maintains the 80 to 85 percent payout band originally included in March as part of the French government's controlled opening of the market originally planned for early 2010. The ratio will make many commercial operators wishing to enter the French market uncompetitive, they claim.
French political representatives will discuss the draft in September, probably meaning that the early enactment in 2010 may have to be extended to mid-year.
Woerth and his staff were more flexible on the proposed 2 percent tax on player wagers; this has been softened to a 2 percent tax on pots, with a maximum of Euro 1 per pot.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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