Sport is made for betting

Complaints this week in Monaco at the first gaming industry conference centred upon France with Mangas (BetClic, Expect, bet-at-home) CEO Nicolas Beraud claiming the anti-problem gambling directives from the French government are actually having the reverse effect - players lose their money quicker with higher margins and thus want to bet more as they chase their losses.... French player returns uncompetitive says Mangas boss Mangas Gaming chief executive Nicolas Beraud has called for the French authorities to increase what it currently allows to pay back to players, as the current 85% limit is failing in its publicly declared aim of protecting the consumer. Speaking yesterday on the Online Sports & Horse Betting Markets panel at France’s first ever egaming conference, Monaco iGaming Exchanges, Beraud said: “Today, we cannot give better than an 85% return to the player, which means the odds are not competitive compared to other markets. It is an incentive for players to try ...

Europe's biggest and richest market, Germany, looks set for deregulation after the European Court of Justice (ECJ) yesterday ruled that "German rules do not limit games of choice in a consistent and systematic manner". The court stressed that "the holders of public monopolies carry out intensive advertising campaigns with a view to maximise profit from lotteries thereby departing from the objectives justifying the existence of those monopolies." Germany was a messy legal and regulatory system in relation to online gambling, as provincial governments held different attitudes toward the industry. Some licences existed in the days of East and West Germany, which the unified nation refused to recognise but the licenceholders (or those who had bought into them from outside Germany) were prepared to take them to court. Real Madrid and AC Milan had recently been either fined or forced to wear alternative strips to avoid prosecution from local authorities. Now it...

From the PR wires: MANGAS GAMING, French leading group in online gaming and sports betting, which operates Betclic, active in France and Southern Europe, announces the two following transactions: - The acquisition of all the operations of Expekt, a major online sports betting company, addressing primarily the Scandinavian and Northern European markets. Expekt is also a major player in online poker. - The acquisition of a controlling stake in Bet-at-home from its founders. Bet-at-home, a Frankfurt listed company, is an online betting and gaming operator mainly present in Central and Eastern Europe. A public offer will be launched shortly to acquire the shares held by Bet-at-Home's minority shareholders. Both transactions benefit from the full support of the management of the acquired companies. With these acquisitions, MANGAS GAMING, enters the top 5 online sports betting operators in Europe, with gross gaming revenues amounting ...