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ONLINE POKER REVENUES PLUNGE IN FRANCE
Friday October 25,2013 : ONLINE POKER REVENUES PLUNGE IN FRANCE
ARJEL numbers record a serious 21 percent decline.
Third quarter numbers from the French regulator ARJEL show a worrying further plunge in online poker revenues, which dropped 21 percent year-on-year after a 16 percent decline in the preceding quarter. That translates to a loss quantum of over a billion Euros compared with 2011 FY stats.
ARJEL president Jean-François Vilotte has acknowledged that high taxation has been a contributory factor to the decline in the French ring-fenced market, but he says that the lack of player liquidity has also been a problem.
For the past several months there have been repeated reports that the French regulator has discussed sharing player pools with other European countries like Spain and Italy.
That is not going to be a quick-fix, given the bureaucracy involved in making the legislative changes that will be necessary.
Cash games were the most impacted by the French decline, with revenues reaching the lowest levels since the French market was liberalised in 2010
Online betting in the French sports market vertical performed significantly better than poker in the third quarter, with overall revenues up 17 percent to Euro 182 million, making the nine month performance Euro 584 million.
Operator GGR was up 15 percent to Euro 31 million in Q3-2013, with football betting making the largest contribution at Euro 20 million. Active player numbers rose 17 percent in the quarter to reach 106,000.
Wagering on horse racing lagged 2 percent year-on-year in the third quarter, dropping to Euro 255 million, with GGR slightly down at Euro 60 million, but over the nine months year-to-date overall revenues were up marginally at Euro 833 million.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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