Unibet Returns Intralot Exits French Online Gambling Market

Published Tuesday, December 13, 2011 - Online-Casinos.com


The recently liberalized online gambling industry in France has been a mixed bag of ups for some operators and downs for others. Arjel the French gambling authority has been strict in maintaining its original guidelines that for some operators has been costly and not very profitable.

For those that have seen issues resolved and have moved forward the French market has paid handsomely. One such company Unibet is back enjoying the best France has to offer after ARJEL presented them with three new licenses.
Soon after the Unibet firm acquired Solfive Group recently the Unibet .fr domain wil now be able to service the regulated sports wagering, horse racing, and poker markets in that country. Unibet was one of the first on the French online gambling licensing bandwagon obtaining a license quickly, even though the taxes were ultra high. The firm pulled out of the French jurisdiction because of a lack of profitability. Unibet has returned none the less although not much has changed.  Christophe Dhaisne, who is the Chief in charge of licensed markets was quoted by eGR as saying  “The conditions in the French market are very tough, and a large marketing spend will make it almost impossible to achieve positive EBITDA. We are going to be cautious, as the current situation in the market forces us to be cautious.”

Cautious indeed the Unibet company will be forced to relinquish the Eurosportbet and Eurosportpoker domains acquired from Solfive as of January first 2012.
On the other side of the coin, Intralot is leaving the French jurisdiction after ARJEL accepted their request to repeal a sports betting license with four years left on the timer. Intralot which is headquartered in Greece obtained a five-year license with the option of an extension. Disappointing returns attributed to high payouts to stimulate business is the reasoning behind the withdrawal.


 

 

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