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Taxes and Payout Limits A Problem For French Online Gambling

Online gambling execs speak out on high taxation and low limits on player payouts
 
The Monaco iGaming conference in Monte Carlo is generating interesting perspectives and opinions on the recently liberalised French market, and the perceived problems of high taxation and low limits on player payouts.
 
This week the newly appointed chief executive of 888.com's b2b arm Dragonfish, David Zerah opined that the taxation being imposed on French-licensed operators had probably gone a little too far and could detract from the advantages of entering the French market from a profits point of view.
 
He wasn't the only one; Alexandre Dreyfus of the ChiliGaming group said that although the industry was glad to see a more progressive approach from the French, it was desirable that casino games be included in the licensing spectrum, and that taxation be reduced. He pointed out that 40 percent of revenues was "painful" for operators, but added that there was an opportunity in the French market to expand and build effective brands.
 
Nicolas Beraud, the chief executive for the French Mangas Gaming group was concerned at the regulatory limit of 85 percent on what operators are allowed to pay back to players. Although this was designed to protect the consumer, it was proving to have the opposite effect by sending players to foreign sites offering better and more competitive returns, he observed.
 
Zeturf CEO Emmanuel de Rohan Chabot was also concerned about high tax levels and the 85 percent limit on payback, which was making the retention in the French market of French gamblers "very hard." He said that his company's experience was that the average gambler was losing around Euro 110 a month instead of the previous Euro 60 a month pre-liberalisation, and that the payback limit had to be regarded as a failure in terms of consumer protection.
 
Tarquin Henderson, a senior marketing exec from Mangas Gaming, pointed out that regulators ought to consider consumer perceptions of the market in order to fully realise the benefits of a more open gambling environment. The customer will choose what best suits him or her, he noted, adding that if the experience was unfavourable due to overly complicated use and unnecessary obstacles to play, or if he or she was getting less value from the gambling experience, then the punter would go elsewhere.
 
There has to be a sensible balance between consumer protection and providing an entertaining and fair gambling environment, he opined, warning that too extreme a positioning either way could lead to failure.
 
PMU's chief of international development, Aymeric Verlet, appeared to feel that clamping down on illegal operators was a more immediate priority than payback and tax issues. He argued that if illegal operators were prevented from operating in the French market, licensed operators could live with the tax issue.

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Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

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2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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