Skip to main content

French online gambling bill is a farce

Don't expect any companies moving to France in a hurry after the National Assembly voted to introduce licensing regulation for online wagering. Amongst the ridiculous items in the bill:

- all accounts held by French citizens must be closed down until the respective company is licensed and situated on French soil

- all markets must have a best pay back return of 85% (imagine betting on tennis or NFL with markets of 1.74/1.74!!)

- big chunk (8%) of turnover (not profit) to be paid to the government and then the operator must negotiate with the respective sports bodies to pay more for the privilege again

This will get struck down by the EU - all it does is protect the govt run duopoly of the PMU and FdJ. No competitive business will put up with such crap.

European Gaming and Betting Association Secretary General Sigrid Ligne said

“At the time when Europe is watching the developments of France’s reform, the introduction of even more unjustified restrictions is threatening to corrupt the efficient workings of the market.

“If the senate votes along these lines, the prospects of a French market that is both viable and compliant with EU law is a longway off.”


Meanwhile Right2Bet is lobbying hard for the rights of European punters.

Comments

Popular posts from this blog

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

Gimcrack Stakes preview

The final day of the Ebor Festival has a great spread of races, and just one of them could be described as having a clear-cut favourite. A solid reward for anyone who can find a winner.

The 2yo feature of the day is the Gimcrack Stakes, and saddling up again for the preview is Darren Goodbody, @DarrenPGoodbody. You can read more of his work here.

----------------------

Irish Thoroughbred Marketing Gimcrack Stakes
Group 2, 6f, 2yo C&G
£220,000
1510 local 0010 AEST


What a week it has been on the Knavesmire, some impressive juveniles to keep on the note book especially Tasleet of William Haggas's and Wesley Ward's Acapulco who impressed me taking on older horses, but even though with the 29lb allowance he could not over come proven Group 3 winning sprinter Mecca's Angel.

Mark Johnston has not improved on his six percent average here at York and I have reservations that it is going to improve with Buratino or Ode the Evening. The Listed Woodcote Stakes and Group 3 Coven…

Villiers Stakes preview

The highlight of summer racing in Sydney is the Villiers Stakes. Tasked with the preview is Mitch Fenton.

-------------------

Villiers StakesRandwick, G2, 1600m
1615 local time, 0515 GMT

Form link

Website
Twitter: @weekndkngracing
Facebook: /weekendking


The most reliable guide to the Gr2 Villiers has always been the Festival Stakes.

I’m going to stick with that form line; here’s the horses who ran in the Festival, running today.

1 I'm Imposing (55.5) 20-1
2 [0.1] Estonian Princess (54) 7-1
3 [0.3] Strawberry Boy (57.5) 6-1
5 [1.7] Sir Moments (56) 11-2
6 [2.5] Multilateral (54) 60-1
7 [3.8] Scream Machine (56) 20-1
8 [4.3] Aomen (58.5) 30-1
11 [6.8] Monton (60) 16-1
12 [8.0] Keep Cool (54) 80-1

Out of all those runs in the Festival, Strawberry Boy was a clear top pick for mine.

He worked very hard out in front with his 1500m to 600m times and was 3L quicker than the average. He was entitled to drop out of the race but instead he fought on dogged…