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Stanleybet Challenges New French Gambling Law

3/4/10 - The French gambling authorities appear to have provoked land gambling group Stanleybet into legal action, judging by a recent statement from the betting company.
 
With moves now well advanced to liberalise the French gambling market, especially in the online sector, corporates are already jockeying for position in a potentially luctrative market, many in partnership with existing French companies.
 
Stanleybet is apparently considering legal action after its June 2009 application for a sports betting licence was allegedly ignored.
 
The Liverpool-based operator claims that the proposed changes to French gambling law ‘disregard’ the single market principles of the European Union, because ‘bricks and mortar operators are prevented from entering the market’.
 
Stanleybet's chief executive officer, John Whittaker, says: “The French state’s desire to push forward its online gaming bill has left us with no option but to challenge these plans before the Council Of State.
 
“It is a myth that the French market is set to open as the majority of betting will remain firmly and monopolistically in the hands of Francaise Des Jeux and Pari Mutuel Urbain with only online betting, which represents approximately three percent of the value of the total market, being freed up.
 
“European Union law is designed to give the consumer choice and we challenge France to open its market truly and give the French consumers the choice that they deserve and to which they are legally entitled.”
 
StanleyBet's cross-border business model has been endorsed by the European Courts Of Justice in both the Gambelli and Placanica rulings, which resulted in the opening up of the gaming markets of Italy and Denmark, company officials said.
 
“We have no doubt that, like the Italian courts, the French legal system is respectful of the rule of law and we are fully confident that the Council Of State will deal with our claims in earnest and impartially and do what is right,” said Whittaker.
 
The draft French law is currently moving through an approval process. Last week the draft bill passed through the French Senate on a first reading with a positive vote of 181 to 140.
 
March 30 will be the next milestone for the law, when it returns to the National Assembly for a second reading. Thereafter, assuming it successfully passes, it will be referred to the European Union, the French Supreme Court and the French Constitutional Council before being signed into law by the President.
 
French lawmakers plan to have the law in place by June 1st in order to take advantage of an anticipated betting bonanza around the football World Cup in South Africa later that month.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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