French National Assembly votes to legalize online gaming

Posted by Steve Ruddock on Oct 15, 2009 Posted in Legal Poker News, Poker Industry News | No Comments »

france_eiffeltower_2001_07_122

As first reported on by pokerpages.com, France is moving towards a regulated online poker industry. In what appears to be a global effort to regulate the online gaming industry, the French National Assembly passed a controversial bill on Monday that will now make its way to the French Senate. The bill seeks to regulate the online gaming industry and is laden with stipulations and amendments.

France has been under pressure to open up its market to outside competition –an allegation the US has faced as well—which would appear to violate the WTO trade agreements.

Two key points of contention are the following amendments:

1. The bill limits licensing to corporations that do not operate, or have subsidiaries, in tax haven countries.
2. The bill calls for all companies seeking a license to cancel any current accounts held by French players for a minimum of 6 months.

Both amendments have drawn fire from critics who feel the bill will actually solidify the French companies’ monopoly, as well as restrict competition from entering the market. France earns an estimated 5 billion Euros each year from Internet gambling (which is currently monopolized by two French sites).

Tags: , , ,



Leave a Reply

Promotional News

PokerStars NJCOOP Will Have 46 Events And $1.2 Million In Prize Money To Be Won
New Jersey, Nevada and Delaware are currently the only three states in …
Read more

King’s Casino Welcomes The Dutch Poker Classic This Month
The prestigious establishment that is the King’s Casino will play ho …
Read more

MPN Poker Tour Will Return To Tallinn, Estonia And Kick Things Off From October 19
The MPN Poker Tour will be back in Tallinn, the capital of Estonia in …
Read more

Partypoker Continues Rebuilding Process By Signing Fedor Holz As New Brand Ambassador
Partypoker announced last year that it was going to focus on rebuildin …
Read more