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PMU Has To Seperate Gambling Business From Retail Business
Wednesday February 25,2014 : PMU ORDERED TO SEPARATE ONLINE AND RETAIL
French competition authority upholds Betclic complaint
French operator Pari Mutuel Urbain (PMU) has until September 30, 2015 to separate its online horse race activity from it retail business.
The French Competition Authority, l'Autorité de la concurrence, ruled on the long running complaint initially filed by BetClic in January 2012, who said PMU's online business unfairly benefitted from sharing liquidity with its already established retail business.
PMU, one of eight operators, dominates the horse race betting market in France with a market share of around 85 percent in 2013, equating to almost Euro 8 Billion through retail and Euro 1 Billion through online.
The authority ruled that as PMU's online competitors did not have similar resources they were unable to compete with PMU's attractive offers, therefore, creating the likely risk of marginalisation, threatening existing online competitors' business and possibly created a barrier to new operators' entry into the market.
PMU, who has committed to the separation, will need to create different brand identities for its retail and online businesses among other terms.
Gambling News :
Live Dealer Now At Slotocash -
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
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MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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