France Bet Sportif Sees License Withdrawn by ARJEL

France Bet Sportif Sees License Withdrawn by ARJEL
An announcement arrived this week that the French regulatory authority ARJEL has withdrawn the five-year sports betting license awarded to AUBSAIL SAS in July 2011, noting that its operation france-bet-sportif (.fr) failed to comply with legal obligations that include rate of return to customers, reporting and technical structures and certification. In its note to customers of the site, the regulator stated: "The company AUBSAIL SAS is no longer legally entitled to give or offer to the public online sports betting on the site accessible from the address france-bet-sportif (.fr). It is required to refuse any new bet business and is required to refuse the opening of new player accounts." Furthermore, the players were assured that the operator will honor all credits and is required to effect immediate payment on said amounts. As such, the regulator said, its operational website is to remain accessible to the public, but only for the purpose of returning credit balances of registered players.
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