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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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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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