Tag Archives: france

French Government begins iCasino meetings with Gambling stakeholders

SBC News French Government begins iCasino meetings with Gambling stakeholders

The French government will begin meetings today with key gambling stakeholders following two weeks of drama related to online casino regulation amendment. French gambling stakeholders are meeting today (Wednesday) with government representatives to discuss how they can move forward on the highly sensitive issue of online casino regulation. The meeting follows two weeks of twists and turns as France’s government …

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Time of the essence as France debates iCasino regulation

Four cities on the shortlist for future ICE location

Casino trade group wants to take its time while online groups are pressing to move forward.   Discussions on potential formats to regulate online casino in France are raging among gambling stakeholders ahead of the government’s consultation talks planned for next week. The date and time of the talks are not yet known, but timing will be key, especially with the …

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France postpones Budget amendment on iCasino laws

Betclic CEO Nicolas Béraud calls for regulation of French igaming

The government of France has withdrawn the ‘proposed amendments’ to the 2025 Budget to legislate and launch an online casino market. The decision was announced on Sunday by Budget Minister Laurent Saint-Martin, who stated that further consultations were needed to avoid the negative impacts and job losses warned by regional stakeholders. “There was talk that the government would submit an …

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France’s iCasino future revived by break through amendment

SBC News France’s iCasino future revived by break through amendment

Jake Pollard reports that an amendment introduced over the weekend will kick off the regulatory process that could see the last major western European market regulate its online casino sector.    The French government introduced an amendment over the weekend to regulate online casino and has set in motion the process that could see France become a regulated iCasino market, but …

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FDJ projects new heavyweight status to end 2024 trading

SBC News FDJ projects new heavyweight status to end 2024 trading

Groupe Française des Jeux (FDJ) has reported revenue growth across all business segments ahead of incorporating the online gambling assets of Kindred Group Plc. On a year-to-date basis, the Paris Euronext gambling group’s corporate revenues stand at €2.09bn, up 12% compared to 2023 results of €1.87bn. French income, excluding international contracts and payment services, accounted for €1.9bn of corporate revenues …

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FDJ Champ Status dragged by Euro Tax exposure

SBC News FDJ Champ Status dragged by Euro Tax exposure

With Française des Jeux (FDJ) completing its €2.5bn acquisition of Kindred Group, the French lottery giant is setting out on its road to become a “pan-European online gambling champion”. But the mood music surrounding the industry has shifted markedly since it first announced its bid for Unibet’s parent company in January 2024, with the situation complicated by the fact that …

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ANJ launches ‘100% winners’ campaign against illegal gambling

ANJ

The Autorité Nationale des Jeux (ANJ), France’s gaming authority, has launched a new information campaign called “100% winner?” to warn the public about the risks of illegal online casinos. The campaign supports the ANJ’s strategic plan for 2024-2026, which focuses on addressing key challenges in the French gambling market, including efforts to curb illegal gambling. The ANJ introduced the campaign …

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French gambling fears +60% tax burden

SBC News French gambling fears +60% tax burden

Despite netting H1 growth, French stakeholders fear “monumental impact” of rumoured tax increases sought by new Prime Minster Michel Barnier France’s gambling GGR was up 3.8% to €5.5bn in the first half of 2024 compared with the same period last year, with FDJ recording a rise of 5.5% to €3.5bn in GGR and online sports betting operators’ GGR rising 10.5% …

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French gambling warns of planned €1.6bn tax raid

SBC News French gambling warns of planned €1.6bn tax raid

New government’s tax hikes set to increase burden on “most heavily taxed sector” in Europe, says casino trade body, with online operators’ marketing spend also set to be targeted     France is preparing to increase taxes on its gambling companies as part of new Prime Minister Michel Barnier’s plan to raise €500m that would go towards reducing the country’s debt …

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FDJ to close Kindred deal on 2 October and become a “European Champion”

FDJ

Groupe Française des Jeux (Groupe FDJ) will move to conclude its acquisition of Kindred Group Plc on 2 October. The Paris Euronext gambling group declared to markets its intentions to bring forward the acceptance period for investors to approve its €2.6bn offer to acquire Kindred Group. On Monday, FDJ’s deal secured its approval from France’s Competition Authority, clearing all mandatory …

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