Sport is made for betting

So the French National Assembly have passed the online gambling bill with the remaining procedures before it is implemented merely a formality. But what is actually going to achieve for French punters and foreign companies? It will be slow progress. Those French punters already playing with offshore firms will continue to bet where they do, simply because they will be able to get a better deal. Firms obtaining a French licence may be able to advertise locally, but if the proposed level of taxation and possible sports levies are passed, then firms will have to pass that cost onto consumers. If they don't, it will be a major cost against their bottom line. Firms such as Ladbrokes and William Hill are expected to take a patient approach, expecting the regulations to gradually become more competitive, as is the case in Italy. Companies entering the French market will not be allowed to cover horse racing, one of the most attractive parts of the French betting market, due to government p...

Yesterday, the French Senate decided to adopt the bill aiming to "open market competition for gambling online." But sadly, their citizens will still be ripped off by limited competition, high margins and poor options. Read the translated article from sospronostics.com Sports betting, live betting, poker and betting on horse racing was approved (no detail whether fixed-odds racing was given the nod). Exchange and spread betting remain prohibited, "because of the risk of money laundering and ease of addiction worse than this may cause." There is nothing like dealing with an authority which makes up its own data, and then buries its head in the sand when proven otherwise. Every online transaction can be traced to IP addresses, bank accounts, counterparties etc - exactly how does that compare with cash transactions in PMU outlets and land casinos. Just look at the record of Australian casinos for a history of money laundering, and without a doubt that happens in every o...

Irish betting giant Paddy Power has struck gold with a five-year partnership with French sports betting duopoly PMU. New Paddy Power B2B arm signs landmark deal with France's PMU PADDY POWER HAS MADE a major play for the French market, signing a five-year deal with French duopoly operator Pari Mutuel Urbain (PMU), the largest single operator in Europe, via a new Paddy Power business-to-business (B2B) division. ... PMU chief executive and chairman Philippe Germond today said: "This partnership is going to enable PMU to offer sporting bets online under its own brand and retain direct management of its client database. Paddy Power will provide us with its expertise in sports betting. Through this partnership PMU is given the means to be ready for the opening of the online betting market in France next year." Paddy Power's traders will set PMU odds, set risk parameters for each event, bet type and customer and manage PMU’s online promotions from Dublin. Chances are they w...