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France Gambling Regulator Wants Lower Taxes

Friday May 24,2013 : WE NEED LOWER TAXES, SAYS FRENCH ONLINE GAMBLING REGULATOR
 
Jean-Francois Vilotte says that sport betting now generates 60 percent of all French betting
 
France's online gambling regulatory chief, Jean-Francois Vilotte, briefed the French newspaper Les Echos on the state of French online gambling this week, noting that sports betting - mainly on football - now generates 60 percent of the wagering action in France.
 
Online sports betting revenue - generated mainly through football wagering - soared 20 percent to Euro 63.4 million, whilst revenues for online pari mutuel horse racing rose 3 percent to Euro 103 million, although the regulator cautioned that there were signs that this activity had tapered off in recent weeks.
 
Online poker cash games have delivered lower gross profits - down 14 percent to Euro 61.2 million for the 12-month period to May 2013, but tournament fees have remained stable at Euro 41 million.
 
Vilotte once again called for a more lenient tax regime, an appeal that will be supported by many operators; he suggested that the current taxation based on wagers placed be replaced by one of gross gaming revenues, making the business a more attractive proposition for operators.
 
“The French online gaming industry has well and truly established itself and, as expected, has consolidated,” said Vilotte.
 
“By way of comparison, gross gaming revenues for the sector were Euro 188 million in the first quarter in France, compared with Euro 145 million in Italy. The sector was down only 1 percent in France compared to a drop of 14 percent in Italy.
 
Vilotte said there had been little discernible progress on harmonisation of regulations in European Union nations.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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