French Regulated Online Gambling Market Provides Profitable
Wednesday, October 13th, 2010
Previously, France’s online gambling market operated under a strict monopoly, which only allowed users to gamble at particular websites. Earlier this year, the monopoly was deemed unlawful by the European Court of Justice, requiring the country to open up its online gambling to international online casino operators. While the monopoly raked in an estimated EUR 1 billion each year, the newly regulated market seems to be showing signs of topping these earnings.
The market opened in July 2010, offering dozens of international online gambling operators licenses. The list included 888, Party Gaming and William Hill, some of the biggest names in the online gambling industry, so it is no wonder that French players flocked to play at these newly regulated online casino websites.
Since the industry was regulated in July 2010, players have spent more than EUR 250 million at online gambling websites licensed by the French government. It is estimated that on average, each player spends about EUR 100 per week in France’s online gambling market, wagering an average of EUR 7 on each bet.
In the four months since opening up its online gambling market, France has seen more than 500 000 new registrants. This number is only expected to climb in the coming months, so it is likely that the industry will rake in far more than its previously EUR 1 billion income.
You must be over 18 years of age to register and to place a bet. The company reserves the right to ask for proof of age from any customer and customer accounts may be suspended until satisfactory proof of age is provided.
St Minver Limited is licensed by the Gibraltar Licensing Authority and regulated by the Gibraltar Regulatory Authority under the 'Gambling Act 2005'.