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French Poker Market Keeps Declining
Friday July 5,2013 : FRENCH ONLINE POKER MARKET WOES CONTINUE
H1-2013 numbers show decline in cash game activity, but sports betting is looking good
Online poker's decline in the ring-fenced French i-gaming market continued in the first half of 2013, a meeting of European regulators was told by French regulator ARJEL as the week closed.
The Agence France Presse news agency reports that regulators were informed that French licensed online poker operators' turnover slipped 14 percent y-o-y to Euro 2.7 billion as cash game activity declined.
Tournament action fared better, with wagers in H1-2013 stable at Euro 713 million, although GGR fell 12 percent y-o-y to Euro 135 million and active player numbers slipping by 7 percent to 906,000.
Heavy taxation and a limited player pool remain a concern for operators in the market, although pan-European regulators are currently discussing shared liquidity possibilities.
For French sports betting operators the picture was somewhat rosier, with turnover up y-o-y to Euro 402 million and GGR up by 11.5 percent y-o-y to hit Euro 80 million, driven mainly by football betting.
Similarly, internet parimutuel horseracing wagering rose 2 percent y-o-y to Euro 578 million, and GGR was up 2.5 percent to Euro 137 million compared with H1-2013.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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