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Ladbrokes Says French gambling Tax Too High
Taxation too high says Brit gambling group
The online gambling partnership in France between UK gambling group Ladbrokes and French media group Canal+, appears to have reached its end this week with the news that the UK company has decided not to enter the French internet gambling market.
A Ladbrokes spokesman revealed that the company would be pulling out of its partnership with Canal+ and indicated that high French taxation was one of the motivations behind the decision.
Commenting on Ladbrokes’ decision Gary McIlraith, Ladbrokes managing director of digital channels, international and strategy said: “Together with our partners we have concluded that the French market is now taxed at such a prohibitive level that it does not represent an attractive investment. We will continue to monitor the French marketplace but for the time being will not progress with the launch plans.”
Ladbrokes joins Sportingbet and Paddy Power as high-profile operators who have decided against entering the market on a B2C basis, with Sportingbet also opting to cancel its B2B agreements with newspapers Le Monde and L’Express (see previous InfoPowa reports).
In related news, French media are currently reporting that internet gambling group Unibet, which had earlier voiced reservations regarding the French market, has achieved licencing status with French regulator ARJEL in respect of sports betting, poker and horse racing operations.
Unibet hopes to be operational in the French market by Q4 2010 / Q1 2011
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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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