France has passed a new amendment to their law regulating online gaming which goes into effect next year. It forces online gaming operators to close out the accounts of their French players when the law takes effect. They will then have to apply for a license to open new accounts for French players 5 to 6 months later in May or June of 2010. The French government plans to issue licenses by June 2010, in time to coincide with thefootball World Cup in South Africa beginning that month.
Francaise des Jeux and Pari Mutuel Urbain, the two French monopolies, are not subject to the new amendment and thus will be able to continue opening new accounts during that time. The new law is still under debate in France’s National Assembly. It is expected to become law early in 2010.
The European Gaming and Betting Association (EGBA), which represents the European operators who will be adversely affected by the amendment, say that the amendment was passed to protect the French monopolies.
Sigrid Ligne’, Secretary General of EGBA, stated: “The measure is clearly anticompetitive and can be added to other similar elements of the regulation”. He further stated that the real intention of the amendment is to keep the EU licensed operators from being profitable in France.
In the online gambling world, it's extremely important for sites and software platforms to be able to verify the identities of their players. Preventing fraud is one of the keys to keeping profits high and avoiding negative press, not to mention keeping players safe and satisfied. Playtech has been one of the biggest software providers around for several different types of online gambling for a long time, and they've recently inked a deal with GBG to provide ID verification.
They say that the apple doesn't fall far from the tree, and in the case of Joel and Loni Harwood, that seems to be the case. Joel is known for being a professional in the game, and his daughter Loni (also a professional poker player) picked up a win at the 2015 World Series of Poker National Championship. This is an impressive win in an important tournament, and it probably goes a long way towards establishing her own legacy and getting out from the shadow of her father.
Details on the Win
Online gambling giant 888 Holdings is predicting a jump in revenue due to the number of U.S. states relaxing the ban on Internet gambling. The London-listed firm runs online poker and online casino sites internationally as well as performing operations in Nevada. In the coming weeks, it should also have an online premise in Delaware and New Jersey as the two states roll out their own Internet gambling programs.