Industry Eyes Watching France
29 September 2009
News coming out of France is extremely encouraging for the online gaming market. France has paved the way for the opening up of the internet gambling market in the summer of 2010. It is not legally official yet, but is very near.
MECN, a consulting firm, has compiled a new report which suggests huge market growth. Online gambling is expected to reach Euro 1.7 billion in gross revenues by the year 2015. This is a 6 fold increase from the current level of 300 million gross Euros in revenue. Included in this opening is interactive and online sports and horse race betting and also online poker. MECN’s research suggests that 80% of the gambling experts and operators surveyed consider the French market very important to their future plans and business. In the survey, 77% of operators want to get an online poker license when they become available.
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04 June 2010Online Poker in France Challenged by Malta
The French law that would impose a 7.5 percent tax on online sports and horseracing wagers and a 2 percent levy on poker bets has met a last minute snag with the regulation on online poker in the form of a complaint filed by Malta. The online sports betting and horse race betting will open up next week as planned however, the online poker plans have been postponed for at least a month.Read full article
09 June 2010France Issues 11 Licenses For Online Gambling
France acknowledged that 11 companies have been granted license and have been registered to conduct online sports and horse race betting as well as online poker within France. According to Arjel president Jean-Francois Vilotte, the regulator of gaming in France, “There were 35 requests for licenses and we have retained 17 at this stage. None have been formally rejected.Read full article
16 November 2012It's official: MGM Gets Online Poker License
MGM Resorts International and two other companies, Las Vegas-based Z4Poker LLC and Los Angeles-based CAMS LLC, were officially awarded licenses to compete in Nevada’s new intrastate online poker arena. This comes after they were given approval by the Gaming Control Board earlier this month. What’s next for MGM? In the coming months, MGM Resorts intends to fire up at play-for-fun poker room to drum up attention and a fan base. (MGM already has a social media poker site, myVEGAS.Read full article