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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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