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FRENCH DRAFT ON GAMBLING CONTINUES TO STIR UP CONTROVERSY
10/9/09 - Yet another amendment to the French draft legislation on gambling currently being debated by the National Assembly is creating waves in the industry.
The amendment, which the Assembly has approved, requires those Internet companies applying for licenses when the liberalisation of the French market comes into effect in 2010 to close the accounts of French residents on their playerbases, effectively making them start afresh.
The French penchant for discriminatory clauses is again noticeable in the amendment, because it does not apply to the existing monopoly companies, the Pari Mutuel Urbain (PMU) and the Française des Jeux (FDJ)
Analysts have pointed out that the selective requirement could prejudice online operators who already have substantial business from French gamblers, and will face up to a six months hiatus between shutting down their French accounts and being able to operate under licence in France.
This will give FdeJ and PMU, who are not shackled by similar restrictions, a competitive advantage, especially if they launch online sportsbetting and poker room facilities.
The European Gaming and Betting Association, which speaks for most of the major European online gambling companies, deplored the amendment as a protectionist tactic designed to give the existing monopolies a substantial edge.
The draft and its amendments have yet to receive the approval of the French Senate, but if this is forthcoming it will reveal the true intention of the French draft on liberalisation, which is to prevent EU-licensed operators from prospering in the French market and give the existing monopolies an unfair advantage, opined EGBA secretary general Sigrid Ligne.
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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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