Online sportsbetting company sale imminent

Cable television group TF1 is about to sell its daughter company, online sportsbetting firm, reported the French media this week, relying on comments made by TF1 CEO Nonce Paolini stated that the Eurosportbet didn't meet the expected results.

As Paolini assessed, 'Eurosportbet results are not ridiculous, mostly regarding poker, but the business is not satisfactory enough. If a takeover bid comes up, we will study it.'

One of the reasons for Eurosportbet's disappointing results may lie in France's high level of taxation and what the company characterises as "unfavourable rules," the media speculates.

Apart from controlling and, TF1 SPS Betting also holds three licenses for sport betting, online horse racing and poker.

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