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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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