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Turnover Down On French Online Poker Sites
Tuesday April 15,2014 : CASH GAME TRAFFIC PULLS FRENCH DEDICATED ONLINE POKER MARKET DOWN
Latest figures from the regulator show that operators lost around 10 percent of turnover.
The French online gambling regulator ARJEL's latest industry numbers show that declines in cash game traffic in the heavily taxed and ring-fenced online market contributed to the erosion in poker overall despite more positive indicators on the tournament play side.
The market has been fading for the past two to three years and shows little sign of recovery this year, with 2014 first quarter active player accounts down 12 percent compared to the same period in 2013...a downward slide that the regulator estimates has cost operators around 10 percent of turnover.
Poker Cash game wagering slipped by 19 percent in Q1 2014 - that's a deadly 28 percent decline over the past two years. Wagers on cash games came in at Euro 1.2 million in the quarter, well down from the Euro 1.476 million wagered during the first quarter of 2013.
On the bright side, tournament action saw a 9 percent growth, with total buy-ins up from Euro 375 million in Q1-2013 to Euro 407 million in Q1-2014.
The drag caused by the cash game decline prompted ARJEL to note that operators "....are experiencing considerable losses for yet another quarter," as turnover moved from Euro 72 million in Q1-2013 to Euro 65 million in the current quarter - a 10 percent downward slide.
The French active online poker player count underlines the decline; the total number of active players dropped from 299,000 in Q1-2013 to 263,000 in Q1-2014, representing a 12 percent downward shift.
It appears that high taxation and the continued resistance by French politicians to recognise the advantages of shared player pools with other nationally regulated European nations will likely see little improvement in the foreseeable future.
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Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
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New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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