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Depressing Numbers For French Online Poker

Thursday July 24,2014 : FRENCH ONLINE POKER CONTINUES TO STRUGGLE
 
Q2 and half-year numbers make depressing reading.
 
French online poker continues to struggle, according to the Q2-2014 and half-year numbers from regulator ARJEL showing a continued 17 percent quarterly decline in cash games, and an 18 percent drop in cash game revenues over the first six months of 2014 when compared with last year.
 
Over the second quarter, revenues totalled Euro 1,048 million (Q2-2013 Euro 1,266 million) with the total number of players down by 21 percent.
 
On the positive side, tournament action was up 6 percent year-on-year, although the number of players fell by 13 percent.
 
Quarterly tournament revenues at Euro 363 million now reflect the move away from cash games and comprise 35 percent of all quarterly revenues...well up on the 18 percent recorded back in 2011.
 
Operators blame the heavy tax burden imposed by France, along with the ring-fenced player base.
 
Overall GGR from gambling operations declined 9 percent to Euro 57.5 million (Q2-2013 Euro 63 million).
 
In related news, the poker information site Poker News Report published the results of its Pokerscout research on the French, Italian and Spanish online poker markets and the adverse impact of taxation and the lack of player liquidity, noting that traffic on each of the leading European poker sites is in steep decline:
 
• PokerStars.it – 6 month trend down 33 percent
• iPoker.it – 6 month trend down 40 percent
• Winamax.fr – 6 month trend down 31 percent
• PokerStars.fr – 6 month trend down 28 percent
• PokerStars.es – 6 month trend down 40 percent
• 888Poker.es – 6 month trend down 25 percent
 
PNR reminds readers that a survey of Spanish players conducted earlier this year revealed that 40 percent now play at sites unlicensed in their countries, and the fact that a number of reputable and safe operators have found the tax and ROI associated with these markets too onerous to remain in them.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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