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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.
Gambling News :
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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