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ILIAD PULLS OUT OF FRENCH ONLINE MARKET

July 7,2012 :  ILIAD PULLS OUT OF FRENCH ONLINE MARKET
 
Another victim of the stringent French tax regime
 
French telecommunication service provider Iliad S.A. has ceased its online poker and sportsbetting activity in the French market operated via its subsidiary Iliad Gaming.
 
Iliad Gaming websites Chilipoker.fr and Chilipari.fr, run in partnership with Gameinvest Holdings, will close according to an interview given to LaTribune by Thomas Reynaud, chief financial officer and chief development officer of Iliad.
 
"This is not the heart of our business. The competitive environment and the online games tax regime do not support a new market player or allow the company to operate viably," said Reynaud.
 
Chilipari.fr reportedly stopped taking bets on July 3 and will close down entirely on July 9, 2012.  Chilipoker.fr intends closing its virtual doors within the next few weeks.
 
Reynaud revealed Iliad Gaming websites had suffered cumulative losses of Euro 4 million in two years.  La Tribune emphasised that they had fared better than other operators such as Française des Jeux, Groupe Lucien Barrière and Karmitz- owned LB Poker's almost Euro 30 million loss to 3.3 million in revenue and others who suffered heavy losses which include BetClic Everest Group and TF1 (EurosportBET).
 
Ownership of Iliad's white label TurboPoker will reportedly transfer to an unnamed third-party.



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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