French Gambling Laws Criticized
Tuesday, December 7th, 2010 - Tammy F.
The French online gambling market has recently opened up to international operators, granting licenses to companies that wish to operate within the country’s borders. However, many operators are none to pleased with the strict regulations that dictate exorbitant taxes and licensing fees.
BetClic CEO Stéphane Courbit has openly stated that France’s government has imposed “the word online gambling laws in Europe”. He also believes that the tax regulations are so unreasonable that they encourage fraud among professionals in the industry.
At the beginning of December, it was reported that French online gambling operators spent more than $700 million gambling online. The average weekly amount of money that players spent at online casinos increased from $200 to $225, making the online gambling in France seem extremely lucrative.
Previously, online gambling operators were optimistic about the prospect of operating in France. The market presented a lucrative industry, in which online casinos could earn a great deal of revenue from players in the country. Now, operators are experiencing a low return of players, failing to meet the financial goals the set when the French online gambling market initially opened.
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'.