• Online Poker in France Challenged by Malta

    04 June 2010

    Newspaper

    The French law that would impose a 7.5 percent tax on online sports and horseracing wagers and a 2 percent levy on poker bets has met a last minute snag with the regulation on online poker in the form of a complaint filed by Malta. The online sports betting and horse race betting will open up next week as planned however, the online poker plans have been postponed for at least a month.

    The complaint from Malta does not really come as a surprise, the claim the new law which requires operators to be licensed in France, is in violation of the EU standard on free movement and trade. These same concerns were brought up earlier in the week by others as well.

    The poker element of the new French law cannot move forward until the concerns raised by Malta are addressed and France now has up to a month to reply. Next week, some betting websites will be legal and regulated for some of the gambling services they offer but not others and the French regulator Arjel will announce the 15 betting sites that can legally operate in France.

    The penalty for operating illegally in France will be to three years in prison and a €45,000 fine. As reported earlier, Betfair and William Hill has already stopped taking bets from France and though William Hill is considering getting a French license, Betfair has setup a petition challenging the new policy claiming much like Malta has, that citizen of the EU should be able to choose any EU online gambling site.

    Related News

    • 01 December 2018

      Malta and Alderney Licenses Gained by Red Tiger

      Licensing is extremely important in the online casino world because there is no international level of standards that are applied across what is definitely a global industry. The closest we have right now are regulatory bodies and the reputations they have individually. Red Tiger Gaming recently increased their value by getting licensed by two important jurisdictions: Malta and Alderney. About These Licenses

      Read full article
    • 25 October 2018

      Malta Reveals Crypto Guidelines at Delta Summit 2018

      Innovation and regulation are two things that have to keep up with each other in the online gambling industry, especially when it comes to regulatory bodies keeping their codes and policies up to date. The Malta Gaming Authority knows this as much as anyone, and that's why they made some announcements at the 2018 Delta Summit event about how they will be handling cryptocurrencies like bitcoin going forward. The Plan From the MGA The MGA announced a two-stage plan.

      Read full article
    • 13 August 2018

      Ethereum Integrated Into Bitcasino.io With Mobile Options

      Different cryptocurrencies have been used in online casinos for a couple of years now, and they're really seen as a viable option that could take over more and more of the market as time pushes forward. What we're seeing right now with Bitcasino.io just backs that idea up as they have added Ethereum to the overall banking method selection. On top of that, they've added a mobile cashier that has some innovative options. The Importance of Ethereum

      Read full article