French Online Market Not For Us Right Now, Says Sportingbet


UK internet betting group backs away from b2b plans with French newspapers

UK online gambling group Sportingbet.com has announced that it is not at present planning to enter the French market, and has accordingly abandoned its b2b plans with French newspapers Le Monde and L'Express. The company has also shut down its small 4 person physical presence in France.

Sportingbet is known to have reservations regarding the commercial viability and the high taxation applied to dedicated French operations.

However, it appears that the company has not entirely abandoned entering the sector at some future point, continuing with technical preparations to ensure compliance with French regulatory requirements, and monitoring economic developments.

Some weeks ago, Sportingbet CFO Jim Wilkinson warned in a media interview that the company may not immediately follow through on its French partnerships

Wilkinson said that Sportingbet's technological compliance with the French regulator ARJEL's requirements will be complete by the end of Q1/2011, but that an application for a licence must hinge on whether operations are commercially viable and can deliver a profit.

General Sportsbook News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

13mins ago someone from us flag United States read article US Open Bans Online Gambling

Sports Community

Share this page on:
Follow LSB on:
Follow LSB

Join Now for full access

In the last 24h

Totals

  • New Members
    4
  • Members Online
    14
  • Guests
    937



eighteen plus only

Follow LSB on Facebook Follow LSB on Twitter Follow LSB on Pinterest Follow LSB on Google plus