Intralot Bids for French Licence

Published Tuesday, March 24, 2009 -

The Athens Greece based developer of casino games and money processing systems Intralot, is about to enter the French market with its bid for a horserace and online sports wagering licence.

From a Reuters news source, Constantinos Antonopoulos, the Chief Executive Officer for the second largest lottery provider in the world, told Greek financial daily Imerisia that Intralot was planning a bid for a French operating license.
Antonopoulos said, "For Intralot, liberalisation of the online betting market in Europe is a big opportunity as our company has the structure, know how and necessary presence to take advantage of the opportunities,"

Expected in 2010 the French government will offer licences for operations dealing with online gaming.

Budget Minister, for France, Eric Woerth, stated that the gambling market in France would be expanded to adapt 'to Internet reality' and help France 'get out of an unsustainable situation in which the State is losing a growing part of the betting market'. This plan is a response to demands by the European Union in 2007 for E.U members to stop state gambling monopolies and comply with the European Unions rules on competition.

Sources estimate France gains nearly $6.3 billion U.S. a year in tax revenues from gambling including online gambling, casinos, horseracing and lotteries. The draft plan to be presented by Mr. Woerth to the French ministers includes a tax of 7.5 percent on online sports wagering and horserace bets plus a two percent tariff on web poker punters.

Intralots presence in 50 countries and a workforce of approximately 4,500 people will give Intralots chances of acquiring the licence in France a formidable edge. Intralot is a member of many international gaming associations, including the World Lottery Association, European Lotteries, the North American Association of State & Provincial Lotteries, plus others in Asia and South America. The firm is considered to be ethical and responsible in its corporate approach which will also add to it's chances of a positive outcome in the bid.

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