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SportingBet France Delayed
Entry to recently liberalised market delayed.
Speaking to EGR last week, Jim Wilkinson, the finance director of Sportingbet plc, revealed that the group's entry to the French market is again on hold despite its previously announced partnerships with the Le Monde and L’Express newspapers.
Wilkinson said that the business-to-business partnerships with the two French media companies may not bear fruit if the venture cannot turn a fair profit in the newly liberalised but highly taxed and competitive market.
“Our intention at the moment is to go in as a business-to-consumer, we are not looking to partner," Wilkinson told EGR. "At the moment [the two media companies] are waiting with us to see what is happening in the marketplace. At some point, we [must] decide we are not going in, or it’s not going to happen for another two years, then it will be up to Le Monde and L’Express to reappraise their position.”
Wilkinson said that Sportingbet's technological compliance with the French regulator ARJEL's requirements will be complete by the end of Q1/2011, but that an application for a licence must hinge on whether operations are commercially viable and can deliver a profit.
“We understand the tax, we think we understand the licence fees; it’s a question of what is being passed onto the consumers and what our competitors are taking as losses,” he said.
The EGR interview with Sportingbet follows news last week that Unibet has reservations about the French market on a business-to-consumer level and has not applied for licensing.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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