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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
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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