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French Gambling License 30 applications are in the works
4/24/10 - The attractions of a newly liberated French online gambling market, estimated to be worth Euros 1.4 billion on sportsbetting alone by 2011, have triggered keen interest among operators in obtaining French licensing. Initial reports indicate that up 100 licenses may be granted.
Les Echos reported this week that 30 companies have already made application to the new French regulator ARJEL, according to its general secretary, Frederic Epaulard, who said that candidates could be licensed in three categories.
ARJEL will grant licenses for five years renewable for each of the three categories: horse betting, sports betting and poker. The authority's Cahier des Charges (Specification Requirements List) lays down the conditions which must be fulfilled by online gambling operators seeking a license to offer games of chance to French consumers.
The requirements are contained in a 37 page document composed of 11 main chapters. Applicants are required to provide comprehensive economic, accounting and financial information, along with full details of the applicant’s online gambling website including details on the processing of players’ accounts, any sub-contracted activities and what internal controls and procedures are in place.
Licensing fees payable to ARJEL may vary according to the number of licenses requested. For a single licence, the fee is reportedly Euro 5 000; for 2, Euro 8 000 and for 3, Euro 10 000.
Some requirements deal specifically with the treatment of information with regard to CNIL [data protection] obligations, and there are stringent provisions to guard against problem and underage gambling and the exclusion of organised crime.
Technical architecture of the applicant’s online gambling website is also covered, particularly regarding IT security and the fairness of software.
Corporate transparency is a firm requirement, with applicants having to furnish full documentation regarding company directors and indeed “all individuals or parties owning more than 5 percent of the capital or voting rights…as well as those, controlling them.”
Financial stability is also a non-negotiable requirement; applicants must deliver up financial information and guarantee that they will not default on the payments or winnings of the players.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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