gambling revenue

gambling revenue

The online gaming scene in France is on the verge of changing irrevocably with the imminent adoption of a new legislation, partly from the successful example the United Kingdom and inspired other European countries. It remains a significant untapped potential for online gambling operators. The liberalization of the Market, which has not the monopoly of state-controlled holding Franà § aise des Jeux, is under intense scrutiny from the European Commission, while at the same time preparing for the fast-paced environment of the online gambling world, where the operators are already offering actively growing selection of gambling to the Consumers willing to French.

In this article I will try to cover the main points of the emerging French Gaming Law (to be completed still is) by looking at its viability in terms of tax and licensing procedures and how they affect foreign suppliers on the market.

In the interest consumers, an essential component of this legislation are to addiction by setting limits on stakes and prizes that may be made or prevent obtained by the punters. In this sense, operators are obliged to play warnings to minors and the potential dangers of excessive Include gambling.

The opening of the market will focus on horse racing and sports betting and playing together skill with the ability of the player who his chances by adopting a particular strategy in relation to their opponents – to improve such as online poker. Therefore, lotteries, online gambling machines, casino games and betting exchanges play with the Bank (blackjack and roulette, for example) is from the opening, as they will be excluded as an addict.

A new independent authority, ARJEL (Games Regulations Authority) will be used specifically for the online gaming market to regulate, is responsible for:

 · order to ensure compliance policy objectives in relation to Internet-accessible games.

 · proposals for government-specific requirements for different Types of licenses available.

 · preparation and assignment of the online gambling operator license sought.

 · monitoring on-line operation and margins on illegal gambling sites, and fraud.

ARJEL be authorized access to such sites, which have a direct demand on Internet service Provider block and such financial transactions.

 · test Enacting rules on the technical and financial data for each transaction.

 · Making proposals, the government in the legal and regulatory issues.

 · All operators are obliged to provide information and guarantees as provide their identification, are gambling experience, involvement, measures taken to prevent fraud and money laundering, secure online payment and protection of data and To prevent minors.

 · licenses are for companies in the Member States of the EU or ECC. All of these shareholders are resident or are in so-called non-cooperative tax havens, are rejected licenses to offer their services based in France.

 · online gambling sites have by a first level domain names ending with "section. Fri.

 · A mirror server, based in France, contain all the information related to gambling and exchanges between the players and operators.

 · licenses are issued for five years and may be extended periods of time and not transferable.

 • The tax rate will be based on amounts set by the players, according to the following:

8.5% – Sportsbook

15.5% – Horse Betting

2% – Online Poker

Such a tax solely on the basis of assignments as gross gaming revenues less in the case of Poker operators suitable for example, would equate bets for the 2% tax on to the taxation of approximately 60% of gross income. This could be the operator before entering putting them on the market, as well as against EU rules on freedom to provide services. But by and large, to remain France, planned, despite the tax regime that an obstacle to foreign online gambling operators could be more attractive to enter the French market.

With the implementation of the draft French Gaming Law is the need for further ARJEL few months to an efficient and start issuing licenses. Senior government officials after France will not Start granting online betting licenses in early 2010, as originally intended. Partly as a result of the detailed opinion of the Commission made on 8 June 2009, the draft French gaming law will most likely not from 1 Be implemented in January 2010. In any case, it should be in force for the kick-off of the football World Cup in South Africa at the latest.

Allez les Bleus!

Spencer Hill is a member of the content writing and editing team of Online Gambling Pal, an information portal focusing on online gambling.

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